#Pet insurance

Petplan releases Pet Insurance 101 guide

June 14, 2018

Petplan pet insurance data shows that one in three pets will need emergency veterinary care each year, and with average costs in the thousands of dollars (see “Petplan’s top 10 most common claims and costs” below), pet insurance can be more beneficial than a savings account, which may not have enough money to cover the most common ailments. Some pet owners may be aware of pet insurance, but they may not understand how it …

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Report: NAPHIA finds pet insurance continues to rise

May 11, 2018

North America’s pet health insurance sector saw continued growth in 2017, with the total number of pets insured in the U.S. and Canada hitting more than 2 million, according to a report released by the North American Pet Health Insurance Association (NAPHIA). The numbers demonstrate a 16.8 percent increase in insured pets when compared to statistics from 2016. “While we have seen steady growth since 2013, this double-digit increase is well ahead of …

Pet insurer Nationwide reveals annual cost of common health conditions

March 15, 2018

Nationwide members spent more than $96 million in veterinary care last year to treat the top 10 most common medical conditions affecting their dogs and cats, according to the pet health insurer. Based on more than 1.4 million pet insurance claims submitted to the company last year for more than 650,000 insured pets, Nationwide has identified the top 10 medical conditions affecting dogs and cats (and their associated costs). Top …

The positive potential of pet insurance

February 12, 2018

Nearly 1.8 million pets were insured in North America by the end of 2016, according to the North American Pet Health Insurance Association (NAPHIA). The United States accounts for about 1.6 million of insured pets. This represents an annual growth rate of 11.5 percent compared to the prior year … and studies show that these figures are climbing.

Nationwide annual 2017 Hambone Award voting underway

September 21, 2017

After reviewing nearly 1.5 million pet insurance claims received over the past year, Nationwide has nominated 12 candidates for the 2017 Hambone Award. Each year, the pet health insurer combs its database of more than 600,000 insured pets to honor the most “Unusual Pet Insurance Claim of the Year.” The winner will be decided after a public voting period of Sept. 21 – Oct. 4. Originally named after a dog who ate an entire Thanksgiving …

Petplan, National Police Dog Foundation announce first grant award recipients

September 18, 2017

Petplan and the National Police Dog Foundation (NPDF) announced the winners of the inaugural K-9 Health Insurance Grant, a joint effort between the Newtown Square, Pa., pet insurer and the Foundation, awards one year of pet insurance to five currently active police dogs throughout the U.S. The winning grant recipients are: Reximus, a 3-year-old German shepherd dog with the Nome Police Department in Alaska. ’ handler, started the …

Insurance group announces first companion horse health coverage

June 7, 2017

Crum & Forster Pet Insurance Group of Akron, Ohio, has launched veterinary care insurance for companion horses. Policies will be underwritten by United States Fire Insurance Co. and produced by C&F Insurance Agency Inc., a Crum & Forster company.

Veterinary survey says pet insurance is a practice boon

May 13, 2017

When pet owners carry pet health insurance, it is a win for them, their pets and veterinarian caretakers; pet insurance can be a hard sell but veterinarians can prove the difference, according to John Volk, senior consultant, Brakke Consulting, a Dallas-based animal health and veterinary practice management consulting firm.

Why pet insurance is a win for vets and pets

March 28, 2017

Europe loves pet health insurance. North America? Not so much. Even though the North American Pet Health Insurance Association’s latest survey showed record growth in the number of insured pets—1.6 million as of 2015—that accounts for less than 1 percent of the total population of owned dogs and cats in the United States and Canada.

Study: Vets hold key to growing pet insurance

August 19, 2016

Practitioners looking for a reason to actively recommend pet health insurance should consider this: The average policyholder spends $73 more a year on veterinary care for a dog and $118 more for a cat.

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