Pet Insurance pays, partly or in total, for veterinary treatment of the insured person’s ill or injured pet. Some policies will pay out when the pet dies, or if the pet is lost or stolen.
As the veterinary field is increasingly employing expensive medical techniques and drugs, and owners have higher expectations for their pets health care and standard of living, the market for pet insurance has increased.
Pet Insurance pays, partly or in total, for veterinary treatment of the insured person’s ill or injured pet. Some policies will pay out when the pet dies, or if the pet is lost or stolen. Pet Insurance can be offered as a group voluntary benefit that the employees can elect to purchase through payroll deduction.
We are seeing a spike in requests by employees for pet insurance from their employers. This is primarily due to the escalating costs of veterinarian services. Having an employer policy tends to make the premiums more reasonable and benefits more attractive.
We see premiums ranging from $9.99 a month to $34 a month.
There are no limits on the number of pets that can be covered and there are no exclusions for pre-existing conditions.
