Pet Insurance

be loved dogs....

PET INSURANCE

History Of Pet Insurance :

Pet insurance pays the veterinary costs if one's pet becomes ill or is injured in an accident. Some policies will also pay out when the pet dies, or if it's lost or stolen.

The purpose of pet insurance is to mitigate the risk of incurring significant expense to treat ill or injured pets. As veterinary medicine is increasingly employing expensive medical techniques and drugs, and owners have higher expectations for their pets' health care and standard of living than previously, the market for pet insurance has increased.

There are approximately 172 million companion dogs and cats currently owned in the United States. The numbers of household pets in this country and around the world grow each year and as these numbers grow time and money spent on pet health, love and caring grows too. As families continue to bring pets home and these companion animals grow to be members of the family, the desire to protect and provide for them increases. With the advancements in veterinary technology, medications and health care for animals more and more individuals are utilizing pet health insurance policies, much like their own health care insurance, to protect pets in case of emergency, illness, accident or disease.

Pet insurance is on the rise in the United States and around the world as individuals place more importance on the protection of their pets. The first sign of health insurance for animals dates back to 1890, created by Claes Virgin to protect the health of his livestock. Nearly 35 years later in 1924 the first pet insurance policy was written for a dog in Sweden. Since this time pet insurance has spread throughout the world and advanced in coverage, affordability and public recognition.

Pet Insurance Rates and Coverage

1. Accident Coverage

The Accident plan protects your pet and your wallet from the expense of unexpected injuries. This plan offers $1,000 of pet insurance coverage for accidents including bites, cuts, broken bones and swallowing objects.

Accident coverage starts at less than $10 per month for your dog or cat.

2. Accident & Illness Coverage

The Accident & Illness plan provides coverage for unexpected accidents and illnesses protecting your pet from everyday hazards and hiccups. This plan provides $1,000 of accident and $1,000 of illness coverage with a total benefit allowance of $2,000. The Accident & Illness plan covers everything covered by the Accident plan and also offers coverage for illnesses including cancer, infections, allergies, arthritis and more.

Accident and illness coverage starts at less than $17 per month for your dog and less than $12 per month for your cat. 

3. Comprehensive Coverage

The Comprehensive and Comprehensive Plus plans offer coverage for routine care as well as unexpected accidents and illnesses. The Comprehensive plan provides $7,500 of annual coverage, and the Comprehensive Plus plan provides $12,000 of annual coverage. These comprehensive plans cover everything covered by the accident and illness coverage and also offer coverage for routine care expenses including annual exams, prescription flea control, vaccinations and more.

Comprehensive coverage starts at less than $39 per month for your dog and less than $29 per month for your cat.

Source ; wikipedia.com & www.krogerpersonalfinance.com