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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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…
Read MoreVeterinary plastic surgery skyrockets
Recently released data from the largest pet insurance provider in the United Kingdom, Petplan, has shown that last year there were almost $2.5 million (1.5 million pounds) in claims made for dog and cat nose surgery. This represents an increase in 25 percent in this type of claims over the previous three years. Furthermore, that same insurer also paid more than $1.5 million for young dog eye lifts, and over $400,000 for household pet dental work. According to Petplan, the increase in veterinary plastic surgery makes it possible for pets…
Read MoreKnow your breed’s need before buying pet insurance
Pet insurance has been moving ahead by leaps and bounds and is increasingly being recommended in order to help to make it possible for pet owners to provide superior care for their companions, where that care would otherwise be too expensive to afford. Pet health insurance can cover everything from costly surgeries and medical treatments to prescription drugs. As the number of providers of pet insurance grows, it is also becoming more affordable, as competition is starting to play an important role in pricing. The primary decision that most pet…
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