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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Pets Best Insurance provides holiday safety tips for animal owners

Pets Best Insurance, a top-rated pet insurer, has released a series of tips for animal owners to make sure that their furry family members stay healthy and happy throughout the holiday season, while underlining the importance of pet insurance coverage for potentially costly veterinary care following unexpected emergencies. To start, while decorations may help to make our homes look festive and delightful, many pose a serious health risk to cats and dogs who may ingest sharp or toxic items, cut themselves on broken glass, or receive a shock or a…

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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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