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…
Read MoreTag: pet insurance company
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…
Read MorePet 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…
Read MoreLloyds Banking Group announces shutdown of pet insurance division, leaving animal owners without coverage
Lloyds Banking Group has announced that it will be shutting down its division for pet insurance, leaving tens of thousands of animal owners without any coverage for their pets’ veterinary care. Lloyds TSB and Halifax have both sold pet insurance policies for a number of years and currently provide coverage for approximately fifty thousand animals. However, the owner of both brands, Lloyds Banking Group, has decided that it will no longer take part in that market. A spokesperson from the company has explained that it has performed a thorough review…
Read MorePets Best Insurance holds contest to bring awareness to National Pet Health Insurance Month
It is National Pet Health Insurance Month in the United States and in order to recognize it and bring awareness to it, Pets Best Insurance is holding a “Freaky Friday” contest which will honor the pet emergency or pet accident stories that are the “freakiest”. Pets Best Insurance was founded by Dr. Jack Stephens, an expert in the industry and the founder of American pet health insurance. A winner will be selected for every week throughout the month and will receives a gift certificate worth $50 of product from the…
Read More