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Pet Insurance Becomes Popular

Anybody who has pets knows how expensive medical costs can be. A single medical procedure for a pet can easily cost a thousand dollars or more. For some their pets are like members of the family and if medical procedures can ensure the pet lives a few extra years many will gladly pay the price.

However, something new is becoming popular among pet owners. That is pet insurance which costs around three hundred a year. For a price similar to human health insurance people can be sure that there is money available when their pet needs medical care just that same as with human medical care.

At one time pets were put to sleep if the vet bill was too much. This often had to do with the fact that there wasn't much veterinarians could do medically. However, as with human medicine, pet medicine has advanced. As a result, veterinarians can now do a lot to progress and help a pets life including orthopedic surgery, chemotherapy and organ transplants.

While the number of those who have pet insurance is still low, it is increasing as a rapid rate. Veterinary specialty centers have seen an increase in pet insurance from one percent five years ago to around four percent today. Currently the largest pet insurance firm is Veterinary Pet Insurance Co. which has about four hundred thousand current active policies and wrote over $110 million in premiums for 2005.



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