Benefits and drawbacks of pet insurance coverage

Pet insurance coverage is steadily on the rise as a growing number of dog, cat, and exotic animal owners seek additional financial support to cover the cost of keeping their animals happy and healthy. There are now ten times more insured pets than there were a decade ago, with policies that can insure anything from the regular health check-ups to unexpected emergency services or surgeries. There is a wide range of coverage available, but remember that the better it is, the higher the premiums will be. According to most veterinarians,…

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Pet insurance coverage is worth the cost

Many pet owners struggle with the decision as to whether or not pet insurance coverage will be a good investment to protect their finances and ensure that their pets will obtain the veterinary care they require for the best quality of life. Unfortunately, a large number of Americans are already finding it challenging to be able to afford their own health insurance. This makes the decision even more of a struggle. Currently, there are almost one million North American pets covered by pet insurance. This may sound like a lot,…

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Petplan pet insurance identifies most common veterinary health conditions from 2011

The leading animal coverage provider in the United States, Petplan pet insurance, has revealed the results of its data from 2011, showing the top 10 most common health conditions in dogs and cats. Though some of the conditions, such as diarrhea and vomiting, were to be expected, there were a few surprised about what made it into last year’s most common illness list. According to the claims data received by Petplan last year, the following are the top ten conditions reported: 10 – Periodontal disease 9 – Urinary tract infections…

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Hartville Group launches new plans for expanded pet insurance coverage

The Hartville Group, Inc., when considered with Petsmarketing Insurance.com Agency, Inc., its subsidiary, is among the oldest and the biggest insurers of pets in the United States, and it has just revealed that it will be expanding the ASPCA (American Society for the Prevention of Cruelty to Animals) Pet Health Insurance coverage. It will now be providing its policyholders with a 90 percent reimbursement for veterinary costs and for congenital and hereditary conditions that are included in its coverage, and it will offer higher limits per incident, among other improvements.…

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Over 12 million British pets are not covered by insurance

Despite the fact that 86 percent pet owners in the United Kingdom consider their animals to be family members, 56 percent of them do not have an insurance policy to cover their veterinary expenses, according to the results of the latest Gocompare.com research. The study involved a survey of pet owners in the country, and indicated that millions of pets do not have the coverage required to protect owners from extremely expensive vet bills that they could face if their animal family member should ever be injured or fall ill.…

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Trupanion pet insurer raises $9 million to improve customer service and widen sales force

The Trupanion pet insurance company has raised $9 million in financing, with funding coming primarily from the Highland Consumer Fund, but also from Maveron, a venture capital firm from Howard Schultz. The insurer provides pet coverage to owners in Canada, Puerto Rico, and the United States. It provides coverage for 90 percent of medical care from a veterinarian should the protected pet be injured or fall ill. Premiums for a mixed-breed dog at three years old are typically around $40 per month. Trupanion explained that it intends to use the…

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Veterinarians aren’t to blame for the increase in pet insurance claims

Veterinary bills in the United Kingdom are on the rise every year, but this does not necessarily mean that animal care professionals are making a bigger profit from offering the same services that they have always provided, nor can the claim be made that they are charging more money to clients who have insurance. The reason for this is that pet insurance is not a new product. In the U.K., it has existed since shortly after the end of World War II. The only element that is new is that…

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Could pet insurance become the bread-and-butter of insurance agents

Pet insurance is a growing segment of the insurance marketplace and some agents are starting to wonder if it may be the next gold rush. That said, experts in the industry are warning agents not to hop aboard too quickly, as this is a specialized segment of the insurance market and it is important to know this niche in the industry very well in order to be successful. Pet insurance is a form of health insurance for animals. It involves the payment of premiums in order to be able to…

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Pet owners can shrink veterinary costs with the right insurance

When it comes to healthcare, it isn’t just the cost of medical treatment for humans that is continually increasing. Veterinary expenses are also on the rise, causing many pet owners to take out animal health insurance in order to help to compensate for it. That said, there is still some debate over when coverage is necessary, and when it may not actually be appropriate. There is also some disagreement about how much coverage is needed. For example, whether a specific pet should have a complete wellness package, or whether only…

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Pet insurance now available through Capital Blue Cross

Capital Blue Cross, a major health insurer based in Harrisburg, has announced that it will start selling pet insurance. Officials from the company believe that this act will make Capital Blue Cross the first insurer to offer pet insurance policies. The program will be managed by PetPlan, a company based in Philadelphia. Stacy Balaban, the strategic development director for Capital Blue Cross explained that many Americans think of their pets as members of their families, so it makes a lot of sense to offer a new program such as this…

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