Pet insurance can help you keep costs down.
Photo Credit:
Charlie Riedel/AP
You may be considering bringing a pet home for the holidays. You'll be among friends: The American Pet Products Association's National Pet Owners Survey estimates that 70% of US homes have a pet.
Pets are cute, but they cost money. APPA estimates that Americans spent $103.6 billion on pets in 2020. Food and housing costs are predictable. Unexpected medical bills might ruin your finances if your new pet is sick or injured. Pet insurance is bringing more Americans peace of mind.
Kristen Lynch, executive director of the North American Pet Health Insurance Association said pet medical concerns are inevitable and expenses will climb.
