Alyssa Watson, DVM, and Beth Molleson, DVM, debate the role of the veterinary team when it comes to pet owner education and discuss if pet insurance is an obligation. Their consensus: Pet insurance is not an obligation. Educating pet owners on the lifetime costs of veterinary pet care is important. Source: Veterinary Breakroom, Clinician’s Brief. February 2024. … [Read more...]
Search Results for: pet insurance
Kicking off the new year with pet insurance (podcast)
Ricky Walthers, DVM, chief medical officer at Pawlicy Advisor, discusses trends and misconceptions surrounding pet insurance and how veterinary teams can educate clients about pet insurance to help them better understand the importance of having it. . . . only about 3 percent of U.S. pet owners have pet insurance . . .” Source: The Vet Blast Podcast, January 3, 2024. Link. A … [Read more...]
Discussing pet insurance with pet owners
Includes Complimentary Commercial content An AVMA policy encourages proactive pet insurance education, writes Ricky Walther, DVM. As more research is published on how the overall quality of pet care is enabled, practice teams need to be better prepared to get clients on board. In the articles below, Walther, the chief medical officer at Pawlicy Advisor, shares ways to … [Read more...]
7 pet insurance strategies can help your clients and grow your practice
Persuading pet owners to invest in pet insurance may be challenging, but it is important, writes Jennifer Guli. She offers some approaches and reminds animal health pros to tailor the discussion to individual clients instead of using a script. Source: DVM 360, September 27, 2023. Link. … [Read more...]
Share this with pet owners when asked for a pet insurance recommendation
Complimentary Commercial Content Veterinary teams often dread the question, “Which insurance do you recommend?” Pawlicy Advisor is a tool that provides accurate and transparent information about multiple pet insurance companies to help pet owners compare and choose the insurance benefits that best fit their pets specific needs and budgets best. Regardless of the insurance … [Read more...]
After the first visit, 4 opportunities to talk about pet insurance
Sponsored Content from ASPCA® Pet Health Insurance Increasing the number of clients with pet insurance in a veterinary practice frequently results in increased clinic revenue through more frequent visits, and more services accessed per visit while reducing the struggle of financing veterinary procedures. Jennifer Sperry, BSc, DVM, shares life stage opportunities and some … [Read more...]
U.S. pet insurance market poised to more than double by 2028
The United States Pet Insurance Market is flourishing at a significant growth rate mainly due to the increasing veterinary medical costs, growing consumer awareness, and the widespread use of expensive medical procedures and medications in the country.” – BlueWeave Consulting report Source: Yahoo! finance, September 16, 2022. Link. The U.S. pet insurance market is forecast to … [Read more...]
September is National Pet Insurance Month! Pet insurance makes sense for pets, pet owners, practices and veterinary teams
Sponsored Content In a recent survey of veterinarians*, the ASPCA® Pet Health Insurance program measured attitudes about pet insurance in their practices. Here are a few of the survey findings: 94.2 percent of veterinary teams believe that pet insurance is a beneficial way to help clients manage the lifetime cost of veterinary care 9 out of 10 veterinarians wish more … [Read more...]
Fairfax Financial’s interests in Crum & Forster Pet Insurance Group to sell to JAB Holding Company in a transformational strategic partnership
“While we have sold our pet insurance business to JAB, we will invest $200 million in their JCP V to become their partners. We expect JAB to soon become leaders in pet healthcare and pet insurance globally. We wish them much success," said Prem Watsa, the Founder, Chairman and CEO of Fairfax. This new partnership bodes well for meeting the needs of pet owners on a global … [Read more...]
Crum & Forster Pet Insurance Group™ marks 25 Years
Congratulations on 25 years’ efforts to protect more pets and helping to strengthen the bond between animal owners and their dogs, cats and horses. As a result of a multi-channel distribution approach consisting of direct-to-consumer, co-branded partnerships and white label brands, C&F Pet has experienced tremendous growth in the past decade. The company also has a … [Read more...]
Crum & Forster Pet Insurance Group and PSIvet announce partnership
Crum & Forster Pet Insurance Group™, provider of the ASPCA® Pet Health Insurance program has established a partnership with PSIvet which services more than 5,500 independent veterinary practice members. The partnership will help support the mission of helping pets live longer, healthier lives. With our pet insurance partnership, PSIvet member practices will have additional … [Read more...]
Pet owner support for pet insurance
The article isn’t as inclusive as its title, but Rebecca Jones provides sound information to support pet insurance decisions. She includes information from leaders of various pet insurance companies for a predominately female decision maker audience. Source: Her Money, July 2021. Link. … [Read more...]
Who is shopping for pet insurance?
Carley Lintz reviews takeaways from a recent survey of 20,000 pet owners who expressed interest in pet insurance. The results show both the importance and the urgency of having pet insurance as COVID-19 pushes many into financial insecurity, according to Woody Mawhinney of Pawlicity Advisor, the survey company < link >. We noted the dominant interest from dog owners … [Read more...]
Pet insurance acceptance growing
Pet insurance fits younger pet owners’ lifestyles as they learn about the modern costs of pet ownership, writes Rachael Zimlich, BSN, RN. It is evolving toward wellness from its beginnings as accident and emergency protection. The trends favoring subscription services also favors the pet insurance benefits of complete care, one month at a time. Source: DVM 360, March 16, … [Read more...]
Pet insurance, wellness plans are win, win, win
Research findings led to AVMA changing its policy on pet insurance from neutral to advocacy. Metrics from studies support a more assertive position in practices, economic benefits for clients and of course improved health care for pets: Insured dog owners spent $216 per year more than uninsured owners (MSU findings) Insured dog owners spent 29 percent more, insured cat … [Read more...]
Pet insurance remains polarizing for many
Addressing the fear and reluctance found in many veterinarians and staff members, Wendy Hauser, DVM, summarizes key elements of pet insurance. Pet insurance is property insurance, not an accident and health product. Veterinary teams are allowed to endorse the idea that pet health insurance is a helpful tool in helping the client provide care for their pets. Source: … [Read more...]
PetInsuranceInfo.com to help pet owners learn about, compare pet insurance
LifeLearn Animal Health announced the launch of PetInsuranceInfo.com < link >, a new pet insurance education website. It can help pet owners learn about what pet insurance is, what it isn't and the questions they need to ask prior to buying a policy. The site also allows pet owners to easily compare quotes from different pet insurance companies and find the coverage that … [Read more...]
Top 3 most common pet insurance claims from 5 providers
ASPCA Pet Insurance, Embrace, Nationwide, Pets Best and Trupanion shared their top three most common claims of 2018 with Veterinary Economics. For veterinary teams, these lists represent opportunities for discussion and consensus around treatment, products and preparations. Salespersons can use these lists as a backdrop for pre-call planning and product … [Read more...]
Still no pet insurance?
The editorial team at Catnip challenges rationales for avoiding pet insurance. Pet health insurance should be a no-brainer Source: Tufts Catnip, January 2019. Link. 100 percent of cats get sick at one point or another, just like people. That’s why we firmly believe that cat owners should seriously consider buying a health insurance policy for their pets. Also see: … [Read more...]
Animal health pro finds out the hard way that pet insurance works
Animal health pro Mark Niblo was on the fence about committing to pet insurance for his new dog, Storm. No so, anymore. He shares Storm’s journey and tallies the costs without insurance. Now insured, Storm is covered for another incident of this kind anytime in the next five years. If only I would have had it earlier! Source: Durvet, September 2018. Link. INSIGHTS: Mark’s … [Read more...]
AAHA announces pet insurance plan and new board of directors
Congratulations to the new AAHA board members whose leadership began following the inaugural Connexity conference. AAHA also announced The AAHA Pet Health Insurance Program, offered by Petplan. The AAHA plan seeks to provide more options for pet owners seeking to manage the cost of veterinary care and is specifically designed to help clients pay for unexpected expenses for … [Read more...]
Comparison chart helps guide pet insurance decision making
There is consensus that pet insurance is good for the animal, the pet owner and for the veterinary care team. But, choosing a provider is confusing and likely a barrier for pet owners interested in buying pet insurance. Using this comparison chart along with individual hospital experiences could make a difference in getting pet insurance commitments from owners. Source: … [Read more...]
Pet insurance getting better
Writer Cynthia Foley noticed improvements in what the various insurance companies cover since Whole Dog Journal looked at pet insurance in September 2015. She notes rate competitiveness, outlines each plan and provides a list of things to pay attention to when comparing pet insurance plans. For animal health pros, this article can help save time and help animal owners make … [Read more...]
Pet insurance is a win for vets and pets
When veterinarians invest in learning about and recommending pet insurance, the result is a win-win-win — for pets, clients and the veterinary hospital. Source: Veterinary Practice News, March 28, 2017. The topic of pet insurance is confusing for many pet owners, so they often ask their veterinarian for help. When clients ask for advice, here are key things to convey: … [Read more...]
Is pet insurance worth it?
Consumer Reports analyzed policies from three providers to determine whether pet insurance was a good deal. The analysis was done using one dog and one cat. Source: Consumer Reports, May 2016. The insurance trade group says that accident and illness coverage per year averaged $473 for dogs and $285 for cats in 2014. Accident-only policies ran $158 and $132, … [Read more...]
Pet insurance important to revenue
Pet insurance is often considered as revenue insurance for veterinary hospitals. It cushions perceived high costs and may actually improve compliance. This article reviews how one practice saw nearly a five-fold increase in the number of clients with pet insurance. We’ve also included a comprehensive story from AAHA Trends, Veterinary Preventive Care Plans. Source: … [Read more...]
The power of pet insurance
Numbers are the compelling story in this quick read highlighting data provided by Nationwide pet insurance. For example: 1.92 annual veterinary visits by clients with pet insurance, compared with 1.18 without. $542 annual spending on dogs by clients with pet insurance, compared with $376 without. Source: Veterinary Economics, November 2015, page 8. The real challenge … [Read more...]
ASPCA® Pet Health Insurance wants to hear from you
The ASPCA Pet Health Insurance team is looking forward to different conversations at the upcoming 2024 VMX. Stop by booth #1311 and share the discussions you are having with dog, cat and horse owners about pet insurance. Ask about the various tools available to support those important discussions. The expectations clients have of veterinary services continue to evolve making … [Read more...]
Resources to help pet owners from ASPCA® Pet Health Insurance
Sponsored Content Whether veterinary clients are getting a new pet, adding a pet or entertaining people with their pets during the holiday season, ensuring a safe and healthy home is important. A few helpful resources delivered via social media, emails and newsletters can make a difference. ASPCA® Pet Health Insurance creates content ready to download and share that saves … [Read more...]
September is National Pet Health Insurance Month
National Pet Health Insurance Month is intended to promote the importance of health insurance for cats, dogs and other pets, debunk myths surrounding coverage and introduce pet insurance to those unfamiliar with it. Now is a good time to actively support pet insurance to help pet owners deal with inflationary trends. Recommending insurance in the interest of the pet is no … [Read more...]