polly want an insurance policy
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Polly Want an Insurance Policy. Tyler J. Brian K. Andrew K. Chelsea M. Insurance. Cost of medical care for pets is rising fast which is spurring on sales for pet insurance. Pet owners can choose from a large variety of policies, featuring alternative-medicine treatments. - PowerPoint PPT PresentationTRANSCRIPT
Tyler J.Brian K.
Andrew K.Chelsea M.
InsuranceCost of medical care for pets is rising fast
which is spurring on sales for pet insurance.Pet owners can choose from a large variety of
policies, featuring alternative-medicine treatments.
Some focus on accidents and illnesses.Others include wellness checkups and shots.Hereditary conditions, which weren’t
originally covered, are now paid for under many plans.
InsuranceMany pet policies can be just as confusing as
plans for yourself.Pet insurance often places strict limits on
how much it will pay for particular procedures.
Premiums vary from around $10 to $75 per month depending on various factors, including location, animal’s breed and age.
InsuranceThis year, pet owners are expected to spend
around $12.2 billion for veterinary care.It was $11.1 billion last year and $8.2 billion
five years ago.Various procedures widely used for people,
including chemotherapy and dialysis, are now available to pets, causing the prices to spike.
One Million InsuredAccording to the North American Pet Health
Insurance Association, around a million U.S. pets are insured.
The number is growing about 10% per year.This group guesses that this only covers a
fraction of all pets.
InsuranceAround 90% of all insured are dogs.The remaining 10% are cats and a small
number of other animals.The biggest U.S. pet-insurance company,
Veterinary Pet Insurance (VPI), a unit of Nationwide Mutual Insurance Company, says it has written policies for hedgehogs, snakes, turtles, and geckos.
Donna OliverLives in Austin, TexasShe has paid about $32,600 since 2007 to
care for two dogs who passed away this year.Marley, a Labrador, got stem-cell therapy for
his arthritis, surgery on his windpipe to deal with a condition that was cutting off his breathing, and, at the end, medication to ease the pain of advanced cancer.
Maddie, a corgi mix, suffered from Cushing’s disease, a hormonal disorder, and got treatment including surgery to heal ulcers on her corneas.
She said, “It does cost a lot if you want to do the right thing by them.”
She recently bought insurance for her three remaining dogs, Chelsea, Jasmine, and Runner.
Workplace BenefitConsumers may also be able to buy pet
insurance through their workplace, which is often cheaper than buying it on their own.
Around 19% of employers offer the policies as a voluntary benefit.
This includes firms such as Colgate-Palmolive Co. and Chipotle Mexican Grill Inc.
Tips on Buying InsuranceCheck out some of these sites:petinsurancereview.com dogtime.com petinsuranceguideus.com
Industry and Veterinary Group SitesAmerican Animal Hospital Association North American Pet Health Insurance Associ
ation
American Veterinary Medical Association
Pet Insurance Companieshttp://www.akcpethealthcare.com/ http://www.aspcapetinsurance.com/ http://www.embracepetinsurance.com/ http://www.gopetplan.com/ http://www.hartvillegroup.com/ http://www.petcareinsurance.com/ http://www.petfirsthealthcare.com/ http://www.petinsurance.com/ http://www.petsbest.com/ http://www.purinacare.com/ http://www.trupanionpetinsurance.com/