Pet Insurance Increasingly Popular with American Dog Owners

Tue, 10 Nov 2009

Pet insurance policies are becoming increasingly popular in the US according to new forecasts from industry experts. The heightened popularity of the policies has been prompted by rising vet bills, which topped $11 billion in the US last year according to the American Pet Products Association. Consequently, pet owners are looking to control costs, and pet insurance premiums for a wide range of animals including cats and dogs are expected to surpass $328 million by the end of 2009.

Depending on the level of coverage required, pet insurance policies can cove accidents and illnesses, as well as day to day care for dogs or cats. Since the credit crunch at the end of 2007, reports have shown evidence of some pet owners ditching their pet insurance policies as they look to cut down expenditure. While this may avoid a monthly payment, the fear is that they will not be able to afford the treatment for their pets if they suddenly become ill or have an accident. With pet insurance policies available for under 30p a day, pet owners are advised to take out such policies.

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