Huddle Insurance, which calls itself a technology company that uses AI to improve insurance services, has launched Australia's first product to cover fully drivers in the event of a collision with a kangaroo or other animals.
The company’s “Kanga Cover” is an add-on to comprehensive car insurance. Those covered do not have to pay any excess and are allowed to claim one collision per year.
Huddle co-founder and joint CEO Jonathan Buck told news.com.au the new policy was introduced after the company conducted a “Roo Report”, which revealed more than 7,000 Aussie drivers made insurance claims relating to kangaroo collisions each year.
It found the problem was costing motorists a total annual average of more than A$6m ($4.2m) in excess on insurance claims a year.
The report also found the average cost of damage to a vehicle after a kangaroo collision was $4000, although 15% of vehicles are written off.
The report — which relies on weighted figures stemming from a survey of 1,054 Australian adults in April 2019 — also found that 37% of Australian drivers are very concerned about the potential cost of the damage resulting from a kangaroo collision.