Pet insurance is on the rise in North America, but there is still plenty of room for growth.
If a pet insurance discussion isn’t part of your exam routine, it should be. Not only does pet insurance make costly treatments more manageable for clients, but dog owners with pet health insurance spend 29% more annually for veterinary care, and cat owners spend 81% more.
AAHAs Board of Directors has decided to phase out of the Seal of Acceptance program for high-deductible pet insurance policies beginning July 1, 2011.
Pet insurance is designed to provide financial protection for the cost of unexpected veterinary bills. This ensures that the cost of care never stands in the way of your pet receiving the medical attention they need whenever they are sick or injured.
If Assembly Bill 2056 continues its smooth progress through California's government, the pet insurance industry could soon become regulated in that state. The bill was recently approved in the state assembly with a 78-0 vote.
Pawlicy Advisor conducted a survey in conjunction with AAHA to research the perception of pet insurance among veterinary professionals. The data reveals vet teams overwhelmingly believe that pet insurance has a number of benefits,
Pet insurance has grown significantly since the industry emerged in the 1980s. The number of insurers has increased, as has the diversity of policies. While some hesitancy still remains within the veterinary community, attitudes have for the most part shifted in favor of pet insurance and some practitioners fully embrace it.
Only 3% of pets in the US are covered by pet insurance. How can we as a profession help boost that number so that cost ceases to be a major barrier to care?
ASPCA Enters Competitive Pet Insurance Market