February 19, 2018

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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


Top Consumer Reviews Articles 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.

'Our insurer gave us the PUSH-OFF': The name for harsh new fees for pet owners with 'lifetime' cover - because providers DON'T want them to stay

As its name implies, lifetime cover is designed to meet claims for the whole life of a pet, even for ongoing conditions developed after insurance is first purchased. The only proviso is that there must be no break in payment of premiums. Policy buyers ...

Published:  Sun, 18 Feb 2018 14:33:00 GMT

Now You Can Get Pet Insurance Online For RM18.50/Month-Because They Need Surgery Too

Underwritten by MSIG Malaysia, PolicyStreet now offers pet insurance starting at RM222 annually. Pet insurance has been around for a long time without attention, but maybe the convenience of ordering it online might entice Malaysians into actually ...

Published:  Tue, 13 Feb 2018 19:33:13 GMT

Insuring the family pet: Report into Pet Insurance

As New Zealand pet owners increasingly look towards pet insurance, MoneyHub publishes its review on the companies behind the policies, premiums, excesses and claim limitations. A research report released by MoneyHub today aims to analyse the range in ...

Published:  Sat, 17 Feb 2018 14:22:00 GMT

February Is National Pet Dental Health Month

In 2017, PetFirst Pet Insurance reported nearly a quarter of a million dollars in claims for gingivitis and periodontal disease and those are just two examples of common dental health issues in dogs and cats. "We hope 'National Pet Dental Health Month ...

Published:  Fri, 16 Feb 2018 21:26:00 GMT

Pet insurance: Could it save you money in the long run

SARASOTA, FL (WWSB) - We know health care costs are a big concern in our community, but how often do you think about the cost of health care for your pet Some pet owners are paying thousands of dollars out-of-pocket for life-saving treatments like ...

Published:  Wed, 07 Feb 2018 14:17:00 GMT

Embrace Pet Insurance Knows Where Sleeping Dogs Lie

A popular question when it comes to dog ownership is where they sleep at night. Should dogs be crated, or is co-sleeping okay The answer is that is that they should sleep wherever is the safest and most comfortable for them and for you. Embrace Pet ...

Published:  Mon, 05 Feb 2018 03:12:00 GMT

Healthy Paws Pet Insurance Announces Good Deeds for 2017 - 2018

SEATTLE, Feb. 13: Healthy Paws Pet Insurance - the #1 customer-rated provider of insurance for dogs and cats - is proud to announce two successful initiatives funded in 2017 - the ongoing scholarship program that helps veterinary and animal advocate ...

Published:  Tue, 13 Feb 2018 22:33:00 GMT

Dog or cat adoption on your mind 5 tasks to tackle so you can afford a pet and give it a happy home

as well as some of the ongoing costs, including food, "booster" vaccinations and pet insurance. Ballpark, if a $27,000 dog lives around 12 years, about the average for small-to-medium size breeds according to the American Kennel Club, your annual costs ...

Published:  Mon, 05 Feb 2018 07:19:00 GMT

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