Animal liability coverage going away on some homeowner’s policies

If you’re thinking about buying a home, or changing insurance providers, make sure you read the fine print. There are several insurance companies that are excluding coverage for your canine companions. They will no longer cover property damage caused by your dog, and they won’t pay for any medical costs should someone get bit.  Insurers and underwriters are watching the numbers, and the numbers are telling them they are paying out well over 400 million dollars a year on dog bite incidents. Hospital emergency rooms see over 365 thousand people…

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Does the cost of pet insurance outweigh the cost of pet healthcare?

Over 43 million households in America own a dog. More than 37 million own a cat. They are our companions, our best friends, even referred to as our “kids”. It’s no wonder that we will spend over 45 billion dollars a year to feed and care for them. In 2009 Americans forked out over 12 billion dollars to pay for their pet’s veterinary care. Healthcare for animals is increasing in price almost as fast as it is for humans. The reason is due, in part, to the advancement in the…

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So you think insurance is wasted money, think again!

While insurance may seem to be a burden to most people, it does have moments of significance that is usually only noticed when certain situations arise. Five important insurance claims are explored, including car problems, fine arts, pet insurance, natural disasters and the 9/11 financial burden. Auto insurance holds a huge significance that should not be taken for granted. Back in 2007 in the UK, a car shopper took out a Pagani Zonda for a test drive which is worth £500,000, with only ten of the cars produced in a…

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Things to consider when searching for pet insurance

For the past 25 years, you have been able to obtain pet insurance for your pet.  This can help save you money if your pet should become injured or ill. When you are looking for an insurer to choose, you want to go with a stable company.  Their stability will depend on the length of time they have been providing pet insurance. Additionally, a good pet insurance company will have a veterinary professional as part of their staff.  With a veterinarian on staff, they are better capable of advising you…

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Be aware of your options when shopping for pet insurance

When shopping for pet health insurance, there are some options you should keep in mind. You want to choose the company that is right for you. You also want to have the options that are best for your pet. Pet health insurance is different than your medical insurance because you have to pay for your pet’s care and then you are reimbursed at a later date. Before purchasing, be sure to verify if there is a limit on how much money you are reimbursed for on each claim.  Also remember…

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Pet Insurance: Is it beneficial for your pet?

Pet insurance is different from your health insurance.  The veterinary office will charge you the full amount for the procedure.  Then your pet’s insurance will reimburse you after you file a claim.  It is a good idea to set up a separate account for your pet’s medical needs. Pat Howard, the office manager at Aidmore Animal Clinic said, “The field of veterinary medicine can do so much more to prolong a dog’s comfort and life, but it’s expensive.  I think pet insurance will become more and more popular as people…

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The Pet Insurance Industry in California Under New Regulations

Pets are getting their own health care reform act – now everybody is in the game!  A new bill was passed earlier this month by the California State Assembly.  This new law is under review by Governor Arnold Schwarzenegger, which requires insurance companies with veterinary care plans to now divulge much more information concerning the limitations of protection. Regulations would demand insurance providers to offer the specifics of co-pays, lifetime benefit restrictions as well as limitations based upon pre-existing conditions on internet sites. Democratic Assemblyman Dave Jones is pushing the…

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The Ins and Outs of Pet Insurance

Last year, veterinary care cost Americans over $10 billion. To help offset these costs for pet owners, many insurance companies are adding, or even specializing, in pet insurance. Growth in the purchase of pet insurance plans is on the rise. The increase the purchase of pet insurance policies is predicted by Independent Insurance Agents and Brokers of America (IIABA) to be over $1 billion this year. There are a variety of plans available to consumers, as well as other options in lieu of insurance policies. There are some considerations to…

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