Pet Care & Pet Insurance: Is It Worth It?

The idea of ​​pet insurance has been around since the late nineteenth century. The first policies were based on horses and cattle, not cats, dogs, etc. Pet insurance began spreading in Britain in the late 1940's. The first pet insurance policy was sold in Britain in 1947.

Today, Britain is second only to Sweden in terms of the number of people covering their pets with these types of policies. The pet insurance market in the United States and Canada was much slower, but grew at a compound annual growth rate of 21% over the period 2005-2009, according to a report by packagedfacts.com. This same report predicts that growth in this industry will remain very robust over the next five years.

According to data collected by the APPA, (American Pet Products Association), among dog owners, those who hold a pet insurance policy, it is around 6.7% for pet owners who take their pets to the vet three or more times annually. In households with incomes $ 60,000 or more, the rate is 5.3%. Additionally, 4.9% of those who have large dogs, and 4.5% of those who spend $ 420 or more annually on dog-related expenses, have policies.

This means that more than 90% of pet owners do not have policies, and with medical costs so high across the board for both humans and animals, having a policy would be a wise decision for most pet owners.

The pet insurance industry in North America includes many very big players who are also associated with names already known in the pet care industry. Examples of these relationships are: PetPartners and the AKC (American Kennel Club); PetFirst, petfinder.com and Kroger; Trupanion and PetCo; Hartville and the ASPCA (American Society for the Prevention of Cruelty to Animals). These types of business relationships come with a certain amount of built-in trust, but it is always best to carefully check which company you may be planning to do business with!

Caring for the pets you are responsible for can sometimes be more than just a challenge. It may be difficult to sympathize with the dog that just vomited on your newfound simplicity, or the cat just didn't like their "litter box and poop in prize flowers!" They, like children, cannot tell us what was wrong, so we must use our best judgment about how to influence Treatment Sometimes home treatment is fine, if not pet insurance can definitely help curb costs What if you find a funny lump under your dog's stomach?

Just a simple surgery to remove and biopsy the tumor can cost hundreds of dollars or more. People can be very responsible pet owners without using pet insurance, but a strong comparison of pet insurance and having a pet insurance policy can give pet owners a certain "peace of mind" that comfort them knowing that a "special member" of the family is included And that their budget is protected from unforeseen expenses.