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A few years ago, pet insurance would have ranked right up there with policies on children and dread disease coverage on my list of insurance you don’t need to buy. That inflation has helped fuel a significant rise in the pet insurance market, had gross sales of $100 million last year. You may not know it, but pet insurance has been growing at an annual pace of 45% over 5 years, totaling $88 million in 2002 according to the research firm, Packaged Facts. What’s changed in recent years is the state of veterinary science, as well as the economics of running a veterinary practice. Vets today can offer treatments that were unheard of just a few years ago -- and at prices that could make you howl. Consider: Pre-existing problems and hereditary conditions, such as hip dysplasia in German Shepherds and retrievers, are normally excluded. These expensive tools and procedures have helped create health-care inflation in the pet insurance market, had gross sales of $100 million last year. You may not know it, but pet insurance has existed for decades. However, a change in market strategy has finally started to penetrate this market as pet insurance companies move from having veterinarians sell insurance to advertising insurance directly to consumers. QuickCare Gold 100% Coverage for cats provides coverage for over 6,000 illnesses, with no maximum annual illness benefit restrictions. Enrollment is as early as 8 weeks of age for puppies. When you enroll your dog in QuickCare Gold before the age of 10 coverage continues for the rest of its life. The same $50 fixed deductible applies 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. Deductibles, exclusions and surcharges I still believe most people are better off forgoing the policies and instead putting the money they would spend on premiums into a savings account. Pet insurance can cost $2,000 to $6,000 over the. Compar pe helth insrance - Cimpare oet healyh insurznce. |
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