Embrace Pet Insurance Quarter 1 2024 Highlights: Pet Health Trends and Rising Costs of Veterinary Care

PR Newswire

CLEVELAND, May 8, 2024 /PRNewswire/ -- Embrace Pet Insurance, a premier provider of comprehensive pet insurance, revealed its key highlights from the first quarter of 2024, showcasing the critical role of pet insurance as veterinary costs continue to rise.

Key Highlights from Q1 2024:

Record-Breaking Claims: Embrace covered many substantial claims, including $37,633 for a Golden Retriever involved in an accident and $36,098 for another Golden Retriever suffering from upper esophageal sphincter dysfunction.
State-Specific Costs: The highest average claim costs were seen in Washington D.C. ($592), California ($519), and Washington ($489).
Rising Average Costs: Across all states, the average claim cost was $449, marking a 17.5% increase from 2021.
Trend Insights: A noticeable increase in specific claims was observed, including a 248% rise in osteoarthritis claims among Shepherd Mixes and a 31% increase in epilepsy claims for all breeds.
Pioneering Treatments: Embrace supported groundbreaking medical care by covering more than $60,000 in claims for a mixed breed dog who underwent surgery at the University of Florida, for one of the first open-heart mitral valve surgeries in the United States. UF is the only U.S. center offering this advanced procedure.

"Our first-quarter highlights show how crucial pet insurance is when it comes to affording these skyrocketing vet bills," said Brian Macias, CEO of Embrace Pet Insurance. "As the cost of vet care keeps climbing, supporting pet parents is more important to us than ever. We're all in when it comes to giving our customers the peace of mind they need, making sure their pets get the care they deserve, without breaking the bank."

To review Embrace's detailed report, please visit Embrace's 2024 Q1 Report.

For more information about Embrace Pet Insurance and our services, please visit embracepetinsurance.com or call (800) EMBRACE.

About Embrace Pet Insurance
Embrace Pet Insurance, a top-rated pet health insurance provider for dogs and cats in the United States, offers one simple yet comprehensive accident and illness insurance plan. In addition to insurance, Embrace offers Wellness Rewards, a non-insurance, optional preventative care product that is unique to the industry. Wellness Rewards reimburses for routine veterinary visits, grooming, vaccinations, training, and much more, with no itemized limitations. Embrace has received numerous accolades for customer and employee satisfaction, including being named the top pet insurance provider on the Forbes list of America's Best Insurance Companies 2022 and receiving the Great Place to Work™ certification. 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 parents across the country. Embrace Pet Insurance is a privately held organization, backed by JAB Holding Company. For more information about Embrace Pet Insurance, visit EmbracePetInsurance.com or call (800) 660-3817.

Media Contacts
Amber BatteigerPR and Communications Manager, Embrace Pet Insurance
[email protected]