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      September 21, 2017

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What You Should Expect From Pet Insurance

What You Should Know Before Buying Pet Insurance

Why Has Pet Insurance Become So Popular?

Why Pet Insurance Is Easier Than You Think

Why Veterinarians Appreciate Pet Insurance

 

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Why Veterinarians Appreciate Pet Insurance

It’s a sad reality of pet ownership. When pets encounter expensive illnesses and injuries, many owners are faced with having to euthanize their beloved pets because they cannot afford the procedure to help them. Like any medical professional, veterinarians hate to see animals who could be helped have their lives cut short due to economic reasons.

The average dog suffering from cancer would require up to $10,000 in various procedures, including chemotherapy. An animal suffering from a broken leg can cost upwards of $2,000 to cover the cost of veterinary care. And what about the dog that gets a little too excited when playing fetch and swallows a stick? That can cost around $3,000 to $6,000 to fix, depending on the amount of damage done.

For most pet owners, medical procedures in the thousands of dollars just are not an economic reality. For them, economic euthanasia is a choice borne out of the inability to afford the expensive procedures to cure their pets.

With the growing popularity of pet insurance plans, pet owners no longer are reduced to one final option when it comes to expensive care for their pets.

So what, exactly, is pet insurance? And why do veterinarians like it?

The first official pet healthcare policy was sold in Britain in 1947. Britain trails only Sweden in the number of pet owners who provide insurance for their pets. Dogs are the most-insured pet, followed by cats and small exotic animals. While it is sold under the name “healthcare insurance,” pet health insurance is actually under the insurance umbrella for property. According to insurance laws, pets are seen as property, so the insurance policy which covers them is similar to that for any other property owned by an individual.

Like human healthcare policies, pet insurance is set up to cover certain medical expenses. There are a variety of plans at all cost levels, making it easy for any pet owner to find a plan that is right for their financial situation. Plans can cost as little as $15 a month or as much as $50. It all depends on the deductible chosen (if applicable), the reimbursement amount included and the covered options in the plan.

According to a survey published by the American Pet Products Association, an average pet insurance plan for a pet under age 6 costs $30 to $40 a month for dogs and roughly 25 percent less for cats. Over the course of a year, that is less than $400 for insurance coverage. While that may seem like a lot, it is nothing compared with the huge bills a pet owner could face if their pet is accidentally injured or is diagnosed with a serious disease.

Pet owners who wish to explore the option of pet insurance, but who want to be guaranteed a good policy with a reputable company, can check for the seal of approval from the American Animal Hospital Association. The association also provides reviews and recommendations on the best policies on the market.

Pet insurance also can be discussed with your veterinarian. While many veterinarians shy away from recommending a particular insurance plan with a specific company, more and more of them are becoming willing to educate the owners of their furry clients about the pet insurance option.

New study: Pet insurance market forecast to 2019

This study provides pet insurance market analysis of size, share, trends, value, volume, country coverage, leading players (Allianz Group, Anicom Holdings, Pethealth Inc., Veterinary Pet Insurance (VPI)) market dynamics, competitive landscape and leading ...

Published:  Tue, 19 Sep 2017 01:00:00 GMT



Renters, You May Need Pet Insurance for Your Four-Legged Friend

Having a dog is great. Renting with a dog Not so much. When you find a rental that accepts pets, you will probably have to pay a pet deposit, and if you own a large dog, you might have to introduce your pooch to your prospective landlord to show she's ...

Published:  Mon, 18 Sep 2017 06:37:00 GMT



Arkansas woman admits to spending public money on pug tuxedo, pet insurance and more

A former administrative assistant to an Arkansas county official pleaded guilty Monday to using public money to buy personal items - including a tuxedo for her pet pug. Kristi Goss, 44, was slated for trial this week but pleaded guilty to fraudulent use ...

Published:  Wed, 13 Sep 2017 14:30:00 GMT



I ️ My Pet: Dale Earnhardt Jr.'s Dogs Love Car Rides as Much as He Does

My friends at Nationwide®, the first and largest provider of pet health insurance in the U.S., offer these tips to ensure the safest ride with your furry, four-legged friends. Courtesy Nationwide Based on more than 1.5 million pet insurance claims ...

Published:  Wed, 20 Sep 2017 08:52:00 GMT



Would you remain in a bad relationship to stay with your pet

Well, a recent study from MORE TH>N pet insurance has revealed that one of the number one reasons most people stay in a bad relationships is for the love of their shared pet. We know, we welled up too. Yes, the study found that the number one reason ...

Published:  Wed, 20 Sep 2017 07:26:00 GMT



Pet insurance policy documents are a dog's dinner: read them carefully or risk being underinsured

Owning a pet is an expensive business - or so I'm told (I don't have any myself). Apparently, the cost of looking after a dog can run to upwards of £1,000 a year, and cats aren't an awful lot cheaper. If you get a pet, you might well think to ...

Published:  Fri, 15 Sep 2017 23:01:26 GMT



Stay Together for the Pet

John Ellenger, head of pet insurance at MORE TH>N said: "It is true that our beloved pets have never played a more important role in our day-to-day lives. As our study reveals, a number of pet owners will remain in a relationship with a partner in order to ...

Published:  Wed, 13 Sep 2017 06:48:00 GMT



After the storm: keeping your pet safe after a hurricane

This affects pets too. From the immediate aftermath to long-term health concerns, Trupanion, Inc. (Nasdaq:TRUP), a leader in medical insurance for cats and dogs, offers a few things pet owners should be aware of after the hurricane. Environmental and ...

Published:  Fri, 08 Sep 2017 03:17:00 GMT



Introducing PetHero, Time Inc's new membership club for pet owners

PetHero is not pet insurance; it's an alternative to insurance. Unlike with pet insurance, with PetHero you'll see: "¢ No exclusions, meaning that very pet is eligible regardless of age, pre-existing conditions, or species. "¢ Coverage of all ...

Published:  Thu, 14 Sep 2017 10:32:00 GMT



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