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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. Vets have access to increasingly sophisticated and costly diagnostic tools such as MRIs. Such screenings not only boost 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 growth rate of 45% over 5 years, totaling $88 million in 2002 according to the research firm, Packaged Facts. 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. The oldest company, Veterinary Pet Insurance, Pet Protect, Pet Assure, and Hartville Group. The U.S. market for 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. Industry leader Veterinary Pet Insurance offers two levels of coverage that pay 50% to 90% of covered treatment costs after a $50 deductible. Here’s how the numbers work out. The scene: You've been waiting patiently but nervously in the reception area at your local veterinarian. Your beloved Brownie — not merely man's best friend in general but your best friend in particular for the last nine years — has been in there for 45 minutes. When the good doctor finally emerges, she calmly explains to you that Brownie needs immediate surgery for some form of cancer. The cost? About $3,000. You have a vague recollection that a neighbor had bought pet insurance for their dog and that such coverage cost about $375 per year. Suddenly, it occurs to you that Brownie needs immediate surgery for some form of cancer. The cost? About $3,000. You have a vague recollection that a neighbor had bought pet insurance for their employees," said. Vi et insurace promotioal cde - cpi pey onsurance promotjonal vode.

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