Image for Animal health insurance
Animal health insurance

Related Terms

  • Content available for subscribers only.

Background

  • Animal health insurance is a type of insurance offered by several companies to animal owners. Insurance plans provide coverage for some veterinary services and associated costs. Plans may offer different levels of protection and coverage, and various methods of reimbursement. In general, many animal health insurance plans do not cover pre-existing conditions but offer coverage for routine care at an added cost and reimburse animal owners for veterinary expenses after they pay for the services.
  • According to a leading animal insurance company, pet insurance was developed in Europe over 30 years ago. According to the Minnesota Veterinary Medical Association, pet insurance has existed for about 20 years in the United States. However, according to the American Veterinary Medical Association (AVMA), most animal owners still pay for veterinary costs with their discretionary income.
  • According to the North American Pet Health Insurance Association (NAPHIA), an industry group made up of professionals in the animal health insurance field, there are 12 animal health insurance companies in the United States and Canada. The animal health insurance market doubled from 2003 to 2009. By 2012, NAPHIA expects the industry to generate $1 billion of business.
  • The American Pet Products Association (APPA) reported that in 2010, estimated veterinary care sales in the United States were $12.79 billion, compared to actual sales of $12.04 billion in 2009. It also reported that as of 2011, 62 percent of households in the United States owned a pet, an increase from 56 percent in 1988. This translates into 71.4 million homes, according to the APPA. Annual surgical veterinary expenses per pet-owner in 2010-2011 were $407 for dogs and $425 for cats. Routine veterinary visits averaged $248 for dogs and $219 for cats during the same time period. A 2004 American Animal Hospital Association (AAHA) survey found that about 90 percent of animal owners spent $100 or more on veterinary care in the previous year, and more than 90 percent made regular visits to the veterinarian.
  • Further content available for subscribers only.

Technique

  • Content available for subscribers only.

Theory/Evidence

  • Content available for subscribers only.

Safety

  • Content available for subscribers only.

Author Information

  • Content available for subscribers only.

References

Natural Standard developed the above evidence-based information based on a thorough systematic review of the available scientific articles. For comprehensive information about alternative and complementary therapies on the professional level, go to www.naturalstandard.com. Selected references are listed below.

  • Content available for subscribers only.
The information in this monograph is intended for informational purposes only, and is meant to help users better understand health concerns. Information is based on review of scientific research data, historical practice patterns, and clinical experience. This information should not be interpreted as specific medical advice. Users should consult with a qualified healthcare provider for specific questions regarding therapies, diagnosis and/or health conditions, prior to making therapeutic decisions.