Buying pet insurance is both an economical and an emotional decision for pet owners. Clients must consider their financial situation, along with what they're willing to pay for peace of mind.
Like all insurance, pet insurance is a way to manage risk and is designed to cover catastrophic financial loss. What will your clients do to cover an emergency medical situation that could cost thousands of dollars?
When Consumer Reports investigated pet coverage, they found many policies may not be worth the cost over many years for a generally healthy animal. However, if someone is unfortunate enough to have a pet with a costly chronic condition or illness, or a young animal in need of major care, a pet owner could get a positive payout from pet insurance if their pet develops the condition while covered.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
