TopConsumerReviews.com Best Pet Insurance
      December 12, 2018

Home  >  Pet Insurance  >  Articles

Best

Pet Insurance

  1. Embrace
  2. Healthy Paws
  3. Figo
  4. PetPremium
  5. ASPCA
  6. Trupanion
  7. Petplan
  8. Pet Assure
  9. Nationwide
  10. Pet First
  11. 24 Pet Watch

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
The Perfect Handbook for Imperfect Dog Owners Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Eczema

Flower Delivery

Fruit Baskets

Guitar Lessons

Hair Loss

Menopause Relief

Online Stock Brokers

Watches

 

Related Articles

Should You Adopt a Pet with Special Needs?

Summer Safety Tips for Dogs

The Complete Guide to Adopting Your First Dog

Unusual Pets and How to Care For Them

What Are Pet Wellness Plans and Can They Replace Pet Insurance?

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

 

Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Why Has Pet Insurance Become So Popular?

Like their human counterparts, household pets are living to a ripe old age. With advances in the identification of diseases and conditions particular to animals, our pets are able to live longer, happier lives.

However, medical advancements which can help to keep our pets in top health can be costly, leaving many pet owners with the painful decision of going bankrupt in order to provide medical necessities to their pets, or euthanizing them. Even regular visits to the veterinarian can be expensive if a pet needs more than just an annual exam. Dental cleanings, blood work and even vaccinations can total into the hundreds of dollars.

With the recent economic downturn, pet owners are finding creative ways to pinch pennies while still maintaining the health of their pets. As of 2012, only one percent of the U.S. pet population – just under 3 million animals – were insured. However, industry trends indicate that pet health insurance policies are growing in popularity in the U.S., with an anticipated increase of 10 percent in the next five years.

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.

However, one of the biggest reasons for the surge in popularity in pet healthcare insurance is because pet owners do not view their pets as property, but rather as family members. In the last two years, amidst a recession, pet owners still spent over $50 billion on their pets’ healthcare, even at the expense of cutting back on personal needs and wants.

In addition to viewing our furry friends as family rather than property, there are other advantages to having pet health insurance which have made its popularity soar in the last couple of years.

  • Cost Factor. One of the most valuable reasons to have health insurance coverage for any pet is the sheer expense of procedures for many conditions. Veterinarians have reported that clients are more likely to try extreme medical intervention for animals, such as kidney transplants and surgeries to repair internal injuries, when they have health insurance coverage for their pet. These kinds of medical interventions can run into the thousands of dollars, but many health insurance plans for pets cover up to 80 percent of the cost.
  • Economic Euthanasia. Veterinarians have reported that the rate of pet owners who choose to euthanize their pets versus providing necessary medical intervention is decreasing with the growing popularity of pet health insurance. As more affordable health plans for pets become available, pet owners are willing to go the extra mile in treating their pets knowing that it won’t drain their wallets in the process.

Whether monthly pet insurance premiums are worth it depends entirely on the pet and the owner. Some breeds of animals are genetically predisposed to health problems. If you own one of these pets, health insurance coverage is a good idea.

Waggel launches "˜fully digital' pet insurance

Waggel, a new "insurtech" startup in the U.K., is officially launching today to offer what it describes as "fully digital" pet insurance. Founded by Andrew Leal and Ross Fretten (a ...

Published:  Mon, 10 Dec 2018 01:42:00 GMT



Holiday pet dangers revealed

BREA, Calif., Dec. 11, 2018 /PRNewswire/ -- Last year, Nationwide pet insurance members spent more than $41 million on medical conditions commonly associated with the holiday season. During the four d...

Published:  Tue, 11 Dec 2018 06:54:00 GMT



Answering New Puppy Owner Misconceptions About Pet Insurance

The love, time and patience that breeders put into each litter is evident by the well-tempered, healthy puppies they send home with excited new puppy owners. Breeders can help ensure the continued hea...

Published:  Mon, 10 Dec 2018 09:14:00 GMT



Pet Insurance Market Overview, Demand, Size, Industry Growth, Worldwide Analysis and Forecast 2025

The Pet Insurance Market research study is a highly diligent study on competitive landscape analysis, prime manufacturers, marketing strategies analysis, Market Effect Factor Analysis and Consumer Nee...

Published:  Wed, 05 Dec 2018 05:45:00 GMT



Embrace Pet Insurance Survey Reveals that Pets are Part of the Family this Holiday Season

CLEVELAND, Dec. 6, 2018 /PRNewswire-PRWeb/ -- Embrace Pet Insurance surveyed more than 6,950 dog and cat owners across the United States this holiday season to learn if, and how, pets are included in ...

Published:  Thu, 06 Dec 2018 12:01:00 GMT



A Guide to What Matters to Gen Zers, the Next Class of Insurance Recruits

Offering pet insurance or promoting a pet-friendly work environment helps attract pet-loving candidates, while paying for volunteer hours complements these young professionals' desire to do good. Rese...

Published:  Tue, 11 Dec 2018 07:55:00 GMT



whiskerDocs Supports Human-Animal Bond Research and the Pet Effect in the Workplace with HABRI

whiskerDocs' clients partners include employers, pet insurance companies such as Pets Best and Embrace, and pet services companies such as Rover.com and Pethealth. "Pet owners want to ensure their ...

Published:  Sat, 08 Dec 2018 13:18:00 GMT



Planning a puppy present BBB says beware potential pet purchase ploy

or an expensive vet visit or pet insurance. "Unfortunately, your dog or cat never existed in the first place," the BBB said in a release. To shield yourself from scams such as these, the BBB ...

Published:  Fri, 07 Dec 2018 11:35:00 GMT



Pet Talk: final physical for the year

This is the time when we all rush to accomplish our own annual health exams, using that last bit of deductible in our insurance plans before the year ... Assessing your pet's weight can detect subtle ...

Published:  Fri, 07 Dec 2018 11:04:00 GMT



A controversial model of pet insurance lives on in Britain

U.K. insurance giant RSA Insurance Group shook the veterinary world in January 2016 when it launched a preferred referral network for pet coverage. Some practitioners feared sick animals would be funn...

Published:  Mon, 10 Dec 2018 04:54:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure