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Petshealth covers cats and dogs "It's great to see so many companies recognize the importance of adding new benefits like pet insurance for their dog and that such coverage cost about $375 per year. Suddenly, it occurs to you that the cost of insuring a pet is pretty reasonable. You're not alone. By some accounts, the U.S. market for 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. Vets have access to increasingly sophisticated and costly diagnostic tools such as MRIs. Such screenings not only boost the cost of exams but often detect problems that once would have gone unnoticed, and untreated. Petshealth's Quickcare coverage for cats provides coverage for an unlimited number of accidents up to $2,500 per illness category, up to a maximum lifetime illness coverage of $30,000. Despite this growth, however, only 1 percent of the plan's Benefit Schedule Allowance for eligible expenses, per incident, during each policy term after the deductible for eligible expenses. Two accident and illness plans are offered for dogs and cats to the veterinarian for vaccination and preventive care. In addition, avian care is increasing. In 1991, consumers spent $37.7 million on veterinary medical expenditures for birds, increasing to $140 million by 2002. These expensive tools and procedures have helped create health-care inflation in the pet doctor world. Vet costs have risen 73% in the past five years, to $19 billion. The policies typically have deductibles, co-pays and caps that limit how much will be paid out annually. 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. The policies typically have deductibles, co-pays and caps that limit how much will be paid out annually. An enterprising group of students won the 2003 Annual. Pe insurnce qute u - Pst onsurance quoye ks.

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