Canine-Associated Claims Price $1 Billion in 2022


In keeping with a claims information evaluation from the Insurance coverage Info Institute (Triple-I) and State Farm, canine bites and different dog-related accidents price US owners insurers greater than $1bn in 2022, marking a 28% enhance from 2021. Although the variety of claims decreased by 2.2% final yr, the common price per declare was $64,555 in 2022, a 32% enhance from the $49,025 common in 2021. The report stated owners and renters insurance coverage insurance policies sometimes cowl canine chew legal responsibility authorized bills, as much as the legal responsibility limits, including that carriers could have totally different underwriting procedures for sure canine breeds.

Test this out: Canine-Associated Claims Price $1 Billion in 2022


Source link