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According to the North American Pet Health Insurance Association (NAPHIA), here are the average annual premiums for pet insurance in the United States: Dogs Comprehensive Plan: $675.61 ($56.30/month)
Figo Pet Insurance offers comprehensive coverage with flexible options to suit your pet's needs. With an average monthly cost of $22, it's a budget-friendly choice for many pet owners.
In July 2006, the company began selling its first policies, [4] and started selling policies online later that year. The company formed partnerships with animal shelters, veterinarians, and health insurance providers to help sell 120,000 policies by 2014. [5] The company launched fetch!, a glossy quarterly pet health magazine, in November 2008. [6]
Pet insurance often covers many accidents and injuries, providing crucial support when your pet faces unexpected harm. Commonly covered incidents include: Torn ligaments (e.g., ACL ruptures)
It is the main governing body of the growing pet insurance industry. The North American revenues of pet insurance reached $354 million in 2009, up 14% from $310 million in 2008, as the market continues to chart what is forecast to be double-digit annual increases through the next five years. [2]
Pet insurance is a form of property insurance rather than health insurance. [citation needed] Insurance companies may limit coverage for pre-existing conditions, giving owners an incentive to insure even very young animals, which are not expected to incur high veterinary costs. [7]
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