Animal-related insurance losses up by 6 percent from 2014-2017

Source: NICB

 

The National Insurance Crime Bureau (NICB) released a study today on the number of animal-related insurance losses for the years 2014-2017. A total of 1,740,425 animal-related insurance claims were processed with 1,739,687 of them (99.9 percent) involving vehicles. Since many drivers do not carry insurance for this type of event, the real number of incidents is likely much higher.

Claims are most likely to occur in Pennsylvania, New York and Wisconsin.

The average animal crash claim amounted to about $4,000 in 2016 according to one major insurer. That would have amounted to nearly $1.8 billion in claims in 2016.

 

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