PET INSURANCE

PET INSURANCE

A few facts

An estimated 5 percent of American pet owners carry pet insurance.

Policies typically have deductibles, co-pays and caps limiting annual payout.

Policies cost as pet owners much as $2,000 to $6,000 over the life of a pet.

Dogs account for 83 percent of North American pet insurance policies; cats 15 percent.

Top insurance claim for dogs in 2004 was ear infections. The top claim in cats was feline lower urinary tract disease.

Source: MSN Money, “Should You Buy Pet Insurance,” Packaged Facts, “Pet Insurance in North America,” 2005.