Pet insurance isn't a total grift. But for many people, insuring their furry friends ends up being a money suck.Go_ahead/Getty Images; Jenny Chang-Rodriguez/BIGina Papini honestly isn't sure whether she got taken for a ride on pet insurance, but it's pretty clear she didn't get much bang for her buck.Papini and her husband decided to add coverage for their two dogs and their cat when it was offered in 2021 as a bundle with their home-insurance plan.
Pet Insurance Is Booming. It's Also Mostly Worthless.
estewart@insider.com (Emily Stewart), Business Insider
Thu, 05/23/2024 - 2:57am
Topics: worthless pet insurance policy health people pets money pay industry expensive dog preexisting vet pet-insurance coverage hard premiums pretty policies dollars problem american consumers animals save association cost accident insurers care husband paid companies dan million win papini time furry products thousands kato product condition good year cover company business costs consumer road billion covered figure advice plans conditions recommending illness wellness awry claims brasler story email structure financial platforms month issues wound ride bill spent owner grift lot dogs ends plan cat submit older extra insuring friends regulated broad buy deciphering medical larger group owners generally veterinary deal small cats big states confusing answer meaning leg doctor profit kenney detriment parse insider spend primary interest motive side pocket woman
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Home and auto insurance premiums have been rising at double-digit rates. That's prompting even the most loyal insurance customers to shop around for better deals.
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