Dog accident coverage is on the rise with a spike in the cost of dog insurance claims, according to a new report.
Dog accident liability insurance coverage, which typically covers accidents that occur in the home, is also on the uptick, according a study by the Insurance Institute for Highway Safety.
The study, which analyzed data from the National Highway Traffic Safety Administration, found the average annual claim for dog accident coverage fell from $1,835 in 2010 to $1 in 2019.
The average annual loss from dog accident insurance claims was $1 million.
The number of dog accident claims rose to 8.1 million in 2019, up from 7.3 million in 2018.
The authors also said claims were increasing for the second year in a row, which the report attributed to the economic downturn.
They noted the rising cost of the coverage “has led to increased premiums being passed on to consumers.”
The authors noted that the average deductible for dog accidents was $5,500, compared to $2,400 for other types of claims.
The report, which was conducted in 2019 and 2020, did not examine the types of dog accidents covered by dog accident policies.
The Institute of Medicine, which is responsible for providing data for the federal government, has not been able to verify the validity of the study’s claims.
“We continue to be deeply concerned about the rise in dog accident costs,” said Michael Mancuso, president of the Institute of Medical and Health Policy, in a statement.
“More and more Americans are finding themselves at the mercy of unscrupulous insurance companies and companies that have no idea how to manage the costs of the insurance they are providing.”
The study said that insurance companies in 2018 were responsible for 90 percent of dog-related claims.
According to the Insurance Information Institute, the total amount of dog collision claims in the United States rose from $16.5 billion in 2020 to $26.4 billion in 2019 — an increase of more than 4.3 percent.