How The Overall Pet Population Impacts Your Renewal Premium
We are continually monitoring trends in the overall pet population and making adjustments to our ratings so that each pet parent pays a fair premium.
For example we may find that more Labrador Retrievers are being treated for Hip Dysplasia than expected. This may cause a slight increase to the amount of premium needed to safely insure all Labrador Retrievers.
On the flip side there are a number of scenarios where rates would actually go down. For example we recently found that female cats and dogs are less risky to insure as a whole. Therefore we lowered rates on all female pets (...boys will be boys we guess).
We don't expect these overall population changes to happen often, but wanted to make you aware that they could.