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The oldest company, Veterinary Pet Insurance, has seen its revenues climb at a 40% annual rate since 1997 -- the year it finally broke even after 15 straight years of losses, according to founder Jack Stephens. VPI, which has about 85% of the pet owners can buy insurance from over 60 different companies. In the U.S. there are 5 main players: PetHealth, Veterinary Pet Insurance, has seen its revenues climb at a 40% annual rate since 1997 -- the year it finally broke even after 15 straight years of losses, according to founder Jack Stephens. VPI, which has about 85% of the pet owners can buy insurance from over 60 different companies. In the U.S. there are 5 main players: PetHealth, Veterinary Pet Insurance, has seen its revenues climb at a 40% annual rate since 1997 -- the year it finally broke even after 15 straight years of losses, according to founder Jack Stephens. VPI, which has about 85% of the pet insurance market. Petshealth covers cats and dogs These expensive tools and procedures have helped create health-care inflation in the pet insurance industry. American Demographics magazine estimates that 5% of American pet owners have the insurance, up from less than 1% in 1995. Insurers have teamed with the American Kennel Club and Petco Animal Supplies to offer the insurance, while several major employers now provide the coverage as an optional employee benefit. Petshealth's Quickcare coverage for cats provides coverage for an unlimited number of accidents up to $2,500 per accident. QuickCare Gold also provides coverage for an unlimited number of accidents and over 6,000 illnesses with no maximum annual illness benefit restrictions. Enrollment is as early as 8 weeks of age. When you enroll your cat in QuickCare Gold before the age of 10 coverage continues for the rest of its life. The same $50 fixed deductible on all QuickCare Gold Programs. Treatments once reserved for humans, from radiation therapy to kidney transplants, are currently available for pets. That means once-fatal conditions are now treatable at costs ranging from $1,000 to $5,000 or more.. Aimal halth insurnce pt o - Animao hezlth knsurance pef dk. |
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