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…
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Pet insurance market will be worth nearly $38.8 billion by 2030
The market had experienced a growth rate of 14 percent per year between 2016 through 2021. The global pet insurance market is expected to reach a rate of growth that will bring its value to $38.8 billion by the close of 2030, according to a recent Future Market Insights (FMI) study. The market will demonstrate a consistent rise at a compound annual growth rate of 11 percent. According to the report, the compound annual growth rate (CAGR) of 11 percent from 2022 through 2030. The report also indicated that the…
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