By the numbers: Here's how insurance helps our sick pets

Despite common ailments, only about 1% of North American cats and dogs are covered by pet insurance.

Ask any pet parent who has cared for a seriously ill animal: The cost of ongoing vet visits and medical expenses can be exorbitant.

That’s where pet insurance comes in.

Many pets and their people, however, lack the peace of mind that pet insurance can provide.

Here’s a look at this vast untapped market for insurance agents and brokers: