您可以使用以下 Is Pet Insurance Necessary? A Comprehensive Gu
Once a niche market, the pet insurance industry is experiencing a rapid growth spurt. According to data from the North American Pet Health Insurance Association, by the end of 2020, approximately 4.56 million pets in the United States had insurance coverage, while in Canada, around 280,000 pets were insured. This represents an 18% increase in insured pets in the U.S. and a 10.9% increase in Canada since 2017. By the end of 2020, the pet insurance industry's business volume had soared to $1.47 billion.
Currently, there are 12 major pet insurance companies operating in North America, and this number is expected to rise in the near future. This means that pet owners will have a variety of plans and policies to compare when seeking insurance for their furry companions. In subsequent articles, I will provide an introduction to all 12 of these pet insurance companies.
Pet insurance is not limited to cats and dogs alone. The term "animal insurance" typically encompasses a broader category of companion animals that are eligible for coverage.
As defined by the American Society for the Prevention of Cruelty to Animals (ASPCA), companion animals refer to any species that can be suitable as a companion, including dogs, cats, horses, rabbits, ferrets, birds, guinea pigs, and other small mammals, reptiles, and fish. The primary distinction of companion animals is that they are not part of the wild or hybrid wildlife population.
There is a wide array of pet insurance plans available for companion animals. The most popular plans are for dogs and cats, but insurance for birds, rabbits, and horses is also gaining traction. In fact, some insurance companies are now offering coverage for lizards, and each day, more pets are being included in the scope of insurance options.
