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Pet Insurance Sales Are Up

  • USA Today, Wednesday, March 7, 2012 10:15 AM

Pet insurance providers have grown tenfold during the last decade to 11 companies — including Pets Best Insurance, the Hartville Group and Embrace Pet Insurance.

Though only about 1% of U.S. dogs and cats are insured 2009 spending totaling $303 million is expected to jump to $753 million by 2014, according to a report by Packaged Facts research firm. Overall, pet insurance policy sales have increased between 8% and 10% annually at different companies, says Kristen Lynch, executive director for the North American Pet Health Insurance Association.

In 2011, Americans spent an estimated $50.8 billion on their pets, and more than a quarter of those expenses — $14.1 billion — came in the form of vet bills, according to the American Pet Products Association.



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1 comment about "Pet Insurance Sales Are Up".
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  1. kredy nic from, May 25, 2012 at 3:49 a.m.

    Yes it is right that sales of pets insurance is rising day by day as many pf the people re taking interest in this insurance as these insurance programs cover many medical cost and provide healthy future for their beloved pets.

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