Thursday, July 25, 2013

Why do you need pet insurance?

Veterinary medicine are now employing advance techniques and modern drugs that can be expensive. Each year pets may require an unexpected visit to the vet that may surprise you and ruin your budget. This is why pet insurance is such an important part of responsible pet ownership and studies shows that more people claim against their pet insurance policy than on their household or car insurance.

Tuesday, July 16, 2013

History of Pet insurance

Claes Virgin wrote the first pet insurance policy in 1890, he was the founder of Länsförsäkrings Alliance, at that time he focused on horses and livestock. In 1947 the first pet insurance policy was sold in Britain. As of 2009, Britain has the second-highest level of pet insurance in the world (23%), behind only Sweden. In 1982, the first pet insurance policy was sold in the United States, and issued to television's Lassie by Veterinary Pet Insurance (VPI).

When the pet insurance became recognised and sought after which resulted in an increase in the number of players within the pet insurace market.