Live Insurance News

Washington state introduces new rules for pet insurance providers

April 17, 2023April 13, 2023 Marc

A new law will require that insurers adhere to stricter regulations when covering animals. Washington state has passed a new law that will require that pet insurance providers to comply with stricter rules. These new rules will include establishing a new standard to define precisely what a pre-existing condition is if an insurer intends to use it to deny a claim. Vagueness in definitions of terms such as pre-existing conditions will need to be clarified. Washington Governor Jay Inslee recently signed the coverage clarity bill into law, explaining that this…

Pet insurance is becoming more popular. Here’s why!

February 27, 2023February 23, 2023 H. Cutner

Pet Insurance - Woman with dog, using computer

A combination of several factors has come together to make this coverage far more appealing. Pet insurance has seen a steady but rather slow growth rate in the United States, even as countries in other parts of the world, such as Europe, have been purchasing it much more quickly. That said, the trend in the US appears to be speeding up, and there are a number of reasons to explain it. As inflation sends the cost of food and other necessities upward, many Americans are seeking relief. This has included…

Some consumers are adding pet insurance to winter preparations

December 20, 2022December 18, 2022 Logan B.

US animal owners are increasingly purchasing health coverage for their cats and dogs this season. Though pet insurance can provide financial protection to dog and cat owners at any time of year in case of an illness or injury, this year, purchasing coverage has become a bit of a winter prep trend. This time of year is among the most hazardous to cats and dogs due to weather and celebrations. For years, pet insurance companies have issued animal safety recommendations to cat and dog owners in the hopes of helping…

Pet insurance customers often don’t realize they have this coverage

December 9, 2022December 8, 2022 G. Turner

Many animal owners would see even greater value in the policies they already have if they knew. Pet insurance policyholders know that when they purchase this coverage, they are helping to make sure they don’t have to cover the entire expense related to many potential health issues a cat or dog could experience throughout their lifetimes. That said, many people don’t realize just how much coverage they really have. It’s common to think of these policies as quite the expense, but their value rises with understanding. Emergency veterinary visits are…

Some times are better than others to buy pet insurance

December 2, 2022December 2, 2022 Logan B.

when is a good time to buy pet insurance

The coverage offers a financial safety net for families with furry members, but there’s a learning curve. Millions of animal owners provide their furry family members with medical coverage by buying pet insurance, but knowing precisely when to make a purchase will determine just how much is paid for the coverage throughout the life of the animal. In the case of an unexpected need for veterinary care, this coverage can make a big difference. That said, it’s not uncommon for people to say that they would prefer to simply tuck…