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The oldest company, Veterinary Pet Insurance, Pet Protect, Pet Assure, and Hartville Group. The U.S. market for pet insurance has grown at an annual pace of 45% over 5 years, totaling $88 million in 2002 according to the research firm, Packaged Facts. 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. The older your animal, the more you’ll have to shell out that much for treatments. QuickCare Gold 100% Coverage for cats provides coverage for an unlimited number of accidents and illnesses up to $2,500 per accident. QuickCare Gold also provides coverage for over 6,000 types of accidents and over 6,000 illnesses with no maximum annual illness benefit restrictions. Cats can be enrolled as early as 8 weeks of age for puppies. When you enroll your cat in QuickCare Gold before the age of 8 (age 6 for 'select' breeds), coverage continues for the rest of its life. The same $50 fixed deductible on all QuickCare Gold Programs for dogs. But if you’re the type of person who would do anything to save your pet, including spend thousands of dollars on medical treatments, pet insurance might be a preferable alternative to going into debt. An enterprising group of students won the 2003 Annual Wharton School Business Plan Competition, not with a technology plan or a biotech venture, but with a simple business plan highlighting the large opportunity for growth that exists in the pet doctor world. Vet costs have risen 73% in the past five years, to $19 billion. Pet insurance is much more common in countries such as the United Kingdom, where over 12% of the pet insurance market. Now I’m not so sure. 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: According to 2002 figures from the American Veterinary Medical Association,. Inurance lie me pt - Inskrance lice net pwt. |
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