Q2 2024 Recap: Embrace Announces Most Expensive Claim Covered in 2024 and Pet Health Trends

Cleveland, August 20, 2024 /PRNewswire/ — Embrace Pet Insurance, a leading provider of comprehensive pet health insurance, has launched its Q2 2024 Outlook Reportwhich highlights significant trends in pet health insurance claims and identifies critical data on the role of pet insurance in facilitating better pet care. Notably, the quarter saw the most expensive claim covered in 2024, making it the fourth highest in the company’s 18-year history.

Highlights from the Q2 2024 Outlook Report:

• Record-breaking claims: The hug covered an astonishing surface $37,633 for a French bulldog with intervertebral disc disease (IVDD), the highest claim of 2024 to date and the fourth highest in the company's history. Other notable claims included $31,249 for a pug with a pancreatic mass and $27,062 For a mixed breed dog with multiple serious conditions.
• State-level costs: Washington DC led the states with the highest average claim cost in $558closely followed by California ($523), Colorado ($498)and Washington ($488). New to the list, New HampshireIt also stands out with an average claim cost of $491.
• Is Embrace pet insurance the capital? Aloha from zip code 96706: Ewa Beach, Hawaii holds the record for the largest number of pets insured by Embrace in a single ZIP code.

A survey of 13,000 people shows the value of pet insurance:

TO full survey A study by Embrace revealed insights into pet owner behaviors and the transformative impact of pet insurance. Key findings include:

• 91% believe that pet insurance allows them to provide better care for their pets.
• 67% of respondents faced such high veterinary bills that they would have struggled financially without pet insurance.
• 66% were able to afford the care their pets needed thanks to their coverage, which they would otherwise have had to decline.

Media coverage and public interest:

The quarter also saw significant media engagement with articles in major publications such as Fox Business, Reader's Digest, Country Living and more, discussing various aspects of pet care and expertise on the topic.

“At Embrace, we are constantly reminded of the impact pet insurance can have in saving lives,” said Brian MaciasCEO of Embrace Pet Insurance. “Not only does it alleviate financial pressure, but it also empowers pet owners to make the best healthcare decisions for their pets. This quarter’s record claims, in addition to our customers’ insights, further underscore the crucial role we play in providing peace of mind and allowing pet owners to focus on what matters most – the health and well-being of their pets.”

To view the full Q2 2024 Outlook report, please visit Q2 2024 Outlook Revealed.

For more information about Embrace Pet Insurance, please visit abrapetinsurance.com or call (800) EMBRACE.

About Embrace Pet Insurance

Embrace Pet Insurance, a premier pet health insurance provider for dogs and cats in USAEmbrace offers a simple yet comprehensive accident and illness insurance plan. In addition to insurance, Embrace offers Wellness Rewards, an optional, non-insurance preventative care product that is unique to the industry. Wellness Rewards reimburses for routine veterinary visits, grooming, vaccinations, training, and more, with no itemized limitations. Embrace has received numerous accolades for customer and employee satisfaction, including being named the best pet insurance provider on Forbes’ 2022 list of America’s Best Insurance Companies and being certified as a Great Place to Work. Embrace is a proud member of the North American Pet Health Insurance Association (NAPHIA) and continues to innovate and improve the pet insurance experience for pet owners nationwide. Embrace Pet Insurance is a privately held organization, backed by JAB Holding Company.

For more information about Embrace Pet Insurance, please visit EmbracePetInsurance.com or call (800) 660-3817.

Press Contacts
Amber Batteiger
Public Relations and Communications Manager, Embrace Pet Insurance
ABatteiger@EmbracePetInsurance.com

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SOURCE Embrace Pet Insurance