Pet Insurance: Worth the Cost?

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Pet Insurance: Worth the Cost?

By Barbara Pronin


The pet insurance industry, which has grown exponentially since TV star Lassie was first insured in the 1980s, offers more options to pet owners today than ever before – at rates that vary widely. For owners who consider Fido or Cuddles part of the family, the question is: is insuring them worth the cost?

As with life insurance for humans, the younger an animal is when covered, the cheaper the premium will be. Beyond that, say researchers at, pet owners need to weigh the pros and cons of insurance to decide what’s right for them.

The Pros:

The Cons:

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