The pet insurance industry is on the rise, with a 10-fold growth over the last 10 years and an increase from a single pet insuranc
e company in 1997 to 11 companies today. With pet owners spending at least $650 on veterinary bills last year, pet insurance agencies offer families plans from $15 to $75 a month to help budget for pet health emergencies, according to USA Today.
Although only 1% of U.S. dogs and cats are insured (compared to about a fifth of pets in the U.K.), many companies have seen dramatic increases in sales. Pets Best, for instance, has had 20% yearly sales increases since 2005. Pets Best’s founder believes the increases in sales are due to the increasing costs of veterinary care and pet owners’ views of pets as family members.
Other companies are assisting pet owners with increasing costs by charging monthly fees to provide discounted vet care to their members while hospitals are offering loans.
To read more about the growing pet insurance industry: http://www.usatoday.com/money/perfi/insurance/story/2012-03-06/pet-insurance-veterinary-expenses/53388516/1
I’ve never been such a fan of pet insurance, it’s like that family guy episode where even joe the cop doesn’t care about insurance fraud because \they don’t care about you, all they want is your money\ and whatnot .. I did like the option you mentioned about discounted vet care, the only program I found for my german shepherd is Pet Assure, admittedly they don’t pay out as much as an insurance company but then again the \premiums\ are lower and there are no deductibles/exclusions.
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Pet Assure is simply a discount card that YOU PAY FOR. Plus, not all vets accept the Pet Assure card so be careful about that. Pet insurance companies allow you to use any licensed vet in the U.S. Many companies also offer wellness coverage.
Here’s the bottom line for pet owners: if you would pay any amount of money ($5,000, $10,000, $15,000) to keep your pet healthy you have to get pet insurance. If you would put your pet down after spending a few hundred bucks you don’t need it.
Learn more and get real-time quotes at http://www.petinsurancequotes.com. You can also see each company’s BBB rating.
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It is good to get pet insurance plans for the people who love to have dog or cat in their home. These plans provide safety and security for pets. Owners can cover the health, medical and residential expenses of pets with the help pet insurance. This is a good post to know about the importance of these types of insurance plans.
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Today, pet insurance is becoming increasingly essential as the cost of vet’s bills continues to rise. Buying a pet insurance is definitely a wise decision because this kind of insurance policy doesn’t only offers coverage for vet’s fees but also offers you the option of taking out other valuable levels of cover. Taking it out is easy and the benefits are significant.
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