Washington state introduces new rules for pet insurance providers

Pet insurance - New Rules

A new law will require that insurers adhere to stricter regulations when covering animals. Washington state has passed a new law that will require that pet insurance providers to comply with stricter rules. These new rules will include establishing a new standard to define precisely what a pre-existing condition is if an insurer intends to use it to deny a claim. Vagueness in definitions of terms such as pre-existing conditions will need to be clarified. Washington Governor Jay Inslee recently signed the coverage clarity bill into law, explaining that this…

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Avoid pet insurance claims by preparing for Fourth of July Fireworks

Dog Wearing Sunglasses - Fourth of July - Pet Insurance

This weekend will be a stressful one for millions of dogs and cats, but they can be kept safe. The Fourth of July seems like an unsuspecting time for pet insurance claims to spike, as it is a time of celebration, fun foods, sparklers and fireworks displays. That said, for dogs, cats and other animals, the fireworks are terrifying and can lead to altered behaviors. Many animals suffer from noise phobia. This can cause dogs and cats to find themselves in fight-or-flight mode. It can make them shake from fear…

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Nationwide Insurance reminds owners of holiday pet risks

Holiday pet risks - dogs wearing xmas costumes

The insurer is hoping more owners will keep their furry family members safe this year. It’s that time of year again, when we bring out the decorations and sweet treats and need a reminder about holiday pet risks to keep our fuzzy loved ones safe. Our four-legged family members experience different dangers than humans do during this season. Nationwide Insurance is reminding owners that while we keep our walkways lit and clear to stop people from falling, and keep our Christmas trees hydrated so they won’t become a fire risk,…

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Lemonade pet insurance launches for the first time

Lemonade Pet Insurance - Dogs and Cats

The online insurer is using this move to take itself into an entirely new coverage space. Lemonade pet insurance launched this week, taking the company into a new product category. This represents the company’s first step into a new vertical since 2016 when it first began offering its renters and homeowners insurance policies. Nearly three quarters of the company’s current policyholders are also pet owners. Approximately 70 percent of existing customers with the insurer own animals. That said, only about 1 to 2 percent of owners in the United States…

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State Farm pet insurance launched for dogs and cats through Trupanion

State Farm Pet Insurance - Dog and Cat

The coverage will protect animal owners against many veterinary costs for their furry family members. State Farm pet insurance has been launched through a partnership with Trupanion to provide animal owners with the opportunity to purchase medical coverage for their fuzzy friends. Dogs and cats are regularly considered to be non-human family members, but veterinary care is expensive. As Americans become increasingly attached to their pets, the world of veterinary medicine has skyrocketed forward. Animal owners demand the type of medical care they would otherwise expect for their human family…

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Lemonade pet insurance products are in the making

Lemonade Pet Insurance - Dog and Cat

The homeowners and contents policy provider will be expanding into an all new market. Lemonade pet insurance is about to become the next offering from the industry disrupting homeowners and contents insurer. The company has managed to raise $480 million and is now set to cover cats and dogs. It is not yet clear when the Lemonade pet insurance policies will start selling. So far, the insurer has announced its intentions to step into that category. It is also making its way through the regulatory process of selling coverage for…

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Pet boarding insurance covers businesses watching animal family members overnight

pet boarding insurance - dog outside dog house

These animal hotels can be run out of large facilities or may operate right out of a person’s home. Pet boarding insurance is a critical part of any business that allows animal owners to leave their furry family members to stay overnight. These companies are popular options when owners head away on vacation, when they need to stay somewhere that pets aren’t welcome, when homes are being fumigated or during renovations. Business owners can use this type of insurance policy to cover themselves against many liabilities. Managing one or several…

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