The Rise of Demand for Pet Insurance

Pet owners try to keep their pets healthy and safe at all times. However, accidents and illnesses do happen. When they do, pet insurance can play a big part in helping owners pay for the treatment and medical needs. With pet insurance, you’ll get reimbursed of usual and customary covered charges. And you can get visit licensed vet, even during emergencies.

With the advancement in vet medicine these days, dogs now have a solid fighting chance to battle with and overcome harsh and challenging medical issues. However, the costs of these treatments and medical care can be very upsetting. Having dog insurance to compensate the expenses is now becoming more of a necessity than a whim.Take the story of Cliff, a 6-year old Doberman, for instance. Cliff’s owners Steve Moser and Mike Talbot thought that their Doberman maybe getting arthritis or just had a sprain leg that’s why Cliff was limping. A visit the vet proved otherwise.

Fresh frozen plasma transfusions, pain medications, chemotherapy and a leg amputation followed, adding up to physical and emotional trauma, not to mention more than $5,000 in bills. Moser said he’s just grateful Cliff was insured.“I can’t tell you enough the burden that was lifted knowing that we could make decisions based on medicine instead of whether it would break the bank,” Moser said. “It was so worth it.” -source

Pet insurance now can really save the life of your dog! Thankfully, according to Veterinary Pet Insurance (VPI), these days one in every three Fortune 500 companies offers VPI, the nation’s oldest and largest provider of pet health insurance.

More than 3,400 companies and organizations have added VPI Pet Insurance (a Nationwide Insurance company) to their voluntary benefits portfolio, including Chipotle Mexican Grill, Deloitte LLP, Delta Airlines, T-Mobile and Zynga, Inc. -source

Now, even Walmart offers pet insurance as an employee benefit! Earlier this year, the retail store started offering pet insurance to employees in Canada earlier this year through its own Walmart Pet Health Insurance.Aptly, the pet insurance industry is estimated to grow more in the coming years since owners and breeders are now getting more and more familiar and aware of various pet insurance coverage.