A few years ago I would have said that pet insurance was not that big of a deal. But with the ever rising costs of pet health care and the veterinary bills getting larger and larger I do absolutely feel that for a small monthly premium to avoid a hefty veterinary bill in the case of disaster is along the same thought as carrying deductibles on auto insurance.
But if you're the type of person who would do anything to save your pet, including spend thousands of dollars on medical treatments, pet insurance might be a preferable choice.
Statistically it is not if it is going to ever happen, it is more of a when it is going to happen. Pet insurance is one of the fastest growing lines of insurance due to its affordable price and amount of pain and suffering it can stop if used correctly.
Annually around 50% of the pet owners in the U.S.A have to take their animals unexpectedly to the veterinarians’ office. Think of the amount of money that could have been saved by utilizing our simple low cost online pet insurance policies to help cut the costs for your unexpected veterinary visit. Now add up all the money that was not saved by one of our pet insurance policies and realize that the premium could have been paid on every animal at least for an extra year in most cases.
While the number of those who have pet insurance is still low, it is increasing as a rapid rate. Veterinary specialty centers have seen an increase in pet insurance from one percent five years ago to around four percent today. Currently the largest pet insurance firm is Veterinary Pet Insurance Co. which has about four hundred thousand current active policies and wrote over $110 million in premiums for 2005.
