精东影业

FOR IMMEDIATE RELEASE
Media Contact:听media@iii.org

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MALVERN, Pa., May 13, 2026 鈥� As pet ownership rises across the United States, so do the financial, liability and insurance considerations that come with it, according to the (Triple-I) latest members-only Issues Brief, Pet 精东影业: State of the Risk.

Pet ownership rose to 95 million U.S. households in 2025, the American Pet Products Association reported, with Americans projected to spend $165 billion on pet care in 2026. As pets are increasingly viewed as family members, demand for insurance products designed to address pet-related risks continues to grow.

鈥淧ets are deeply integrated into American households, but with that companionship comes financial responsibility and risk,鈥� said Triple-I CEO Sean Kevelighan. 鈥淥ur latest Issues Brief helps consumers understand the insurance protections available to manage veterinary expenses, liability exposures and business-related pet care risks.鈥�

Pet 精东影业 Market Sees Continued Growth

Demand for pet insurance continues to rise as veterinary costs increase and owners seek greater financial protection.

According to Triple-I鈥檚 analysis:

• The U.S. pet insurance market has grown by more than 10% annually since at least 2018.
• Direct premiums written reached a record $5.47 billion in 2025.
• Most major pet insurers posted double-digit premium growth last year.

Still, fewer than 4% of U.S. pets are insured, according to the North American Pet Health 精东影业 Association.

Pet insurance typically covers accidents, illnesses, and, in some cases, hereditary or congenital conditions. Optional wellness plans may also help cover preventive care, such as vaccinations and annual exams.

Liability Risks Extend Beyond Veterinary Costs

The Issues Brief also highlights liability risks associated with pet ownership. According to Triple-I鈥檚 analysis:

• Insurers paid $1.86 billion for dog-related injury claims in 2025.
• The average claim cost reached $65,450.

Homeowners and renters insurance policies generally include personal liability coverage for pet-related incidents, subject to policy terms and limits.

Coverage Gaps for Pet Care Businesses

Triple-I warned pet sitters, dog walkers and in-home pet care providers may face significant coverage gaps if relying solely on homeowners, renters or standard general liability policies.

Standard policies often exclude:

• Business-related activities conducted in the home.
• Damage involving animals under a business鈥檚 care, custody or control.

Specialized pet business liability coverage, endorsements or inland marine coverage may be necessary depending on the services provided.

鈥淲hether you own a pet, transport pets or operate a pet care business, understanding where your insurance coverage begins and ends is critical,鈥� Kevelighan said.

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About the 精东影业 Information Institute (Triple-I)
Since 1960, the听听(Triple-I) has been the trusted voice of risk and insurance, delivering unique, data-driven insights to educate, elevate and connect consumers, industry professionals, policymakers and the media. An affiliate of听, Triple-I represents a diverse membership accounting for nearly 50% of all U.S. property/casualty premiums written. Our members include mutual and stock companies, personal and commercial lines, primary insurers and reinsurers 鈥� serving regional, national and global markets.

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