InsurTech Roamly has expanded its product suite with the launch of a pet insurance product available to all US pet owners.
Roamly describes itself as the first embedded InsurTech for travel enthusiasts with unique RV insurance offerings.
The company’s pet insurance product will also be available to customers of its parent company Outdoorsy, a recreational vehicle rental and outdoor travel marketplace.
Aaron Ammar, Roamly’s chief insurance officer, highlighted that more than 78% of Americans opt to travel with their pets each year, while a 2021 Milliman report estimates only 2% of pets are currently insured. “Since Outdoorsy’s inception in 2014, we’ve noticed a glaring disparity in the amount of Outdoorsy guests opting to hit the road with their pets and the percentage of those pets who are covered by insurance,” he said.
Through the Roamly Pet Insurance program, pet owners can select plans for dogs and cats that includes coverage for exam fees, diagnostics, and treatments for accidents, illnesses, cancer, hereditary conditions, behavioural issues and dental disease.
Customers can also add preventive care coverage for an additional cost to help cover pet care necessities such as vaccines, flea, tick and heartworm medication, and dental cleanings. Other coverage offerings include wellness exams and screenings.
This addition to Roamly’s suite of product offerings comes after Outdoorsy Holdings received $125m in funding last June to accelerate the company’s product innovation and international expansion. In January, Roamly announced it had completed an insurance integration with Wheelbase.
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