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That inflation has helped fuel a significant rise in the pet insurance market. 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 life of an average pet, and the chances are slim you’d ever have to shell out in premiums. Some insurers don’t cover pets older than 9, while others levy a stiff surcharge. Pre-existing problems and hereditary conditions, such as hip dysplasia in German Shepherds and retrievers, are normally excluded. 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 insurance market, had gross sales of $100 million last year. According to "USA Today," 30 percent of Americans have taken time off work to stay at home with a sick pet. This illustrates how strong the animal-human bond has become and how much people cherish their pets. 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. 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. Petshealth's Quickcare plan for dogs also 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. The plans are available 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. Petshealth's Quickcare coverage for cats provides coverage for an unlimited number of accidents. Pt itting inurance - Per sittinv insurznce.

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