With the rising costs of pet health care and the lengths vets and owners are going to help their pets’ health the popularity in pet health insurance is on the rise. According to the article “Popularity Rises for Pet Health Insurance” by Megan Neighbor on USAToday.com, from 2003-2007 the number of dogs, cats, and exotic animals that were covered by insurance in the US increased by 56%.
Mostly dogs were insured the most in 2008 with about 2 million insured. Cats were next with about 900,000 insured according to the American Pet Products Association. These numbers are expected to increase as pet owners are opting to take more extreme measures such as kidney transplants and hip replacements to save sick pets. These types of procedures are possible with pet insurance.
The American Pet Products Association estimates $45.5 billion in 2009 was spent on their pets while 2010 $45.7 billion was spent on pets. That’s a huge jump considering the economic downturn. Pet owners are not pinching pennies when it comes to helping their pets’ health. Just like regular health insurance, pet owners can shop around for pet health insurance quotes to ensure they are receiving the best price.
With the rising costs of pet health care and the lengths vets and owners are going to help their pets’ health the popularity in pet health insurance is on the rise. According to the article “Popularity Rises for Pet Health Insurance” by Megan Neighbor on USAToday.com, from 2003-2007 the number of dogs, cats, and exotic animals that were covered by insurance in the US increased by 56%.
Mostly dogs were insured the most in 2008 with about 2 million insured. Cats were next with about 900,000 insured according to the American Pet Products Association. These numbers are expected to increase as pet owners are opting to take more extreme measures such as kidney transplants and hip replacements to save sick pets. These types of procedures are possible with pet insurance.
The American Pet Products Association estimates $45.5 billion in 2009 was spent on their pets while 2010 $45.7 billion was spent on pets. That’s a huge jump considering the economic downturn. Pet owners are not pinching pennies when it comes to helping their pets’ health. Just like regular health insurance, pet owners can shop around for pet health insurance quotes to ensure they are receiving the best price.