The Strangest Pet Insurance Claims

One of the latest trends in insurance news is pet insurance. As more people delay having children, pets become the default “children” of a couple or single person. People spend billions of dollars each year on their pets, so it makes sense that they would also want to insure their investment.

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This is where pet insurance comes in. Pet insurance acts similarly to human health insurance. Pet owners can choose the desired coverage for their pets. Typical insurance plans cover both expected and unexpected health risks for cats, dogs, and other animals. Pet insurance helps cover the rising costs of vet expenses for pet owners, and helps provide peace of mind when something happens to a beloved pet. With pet insurance, pet owners do not have to choose between an expensive medical treatment for their pet or putting the animal to sleep, because insurance will help cover the cost.

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The Dangers of Being Underinsured

Summary: With the right amount of insurance, a person or a family can get through just about any situation or crisis that may arise.

With the right amount of insurance, a person or a family can get through just about any situation or crisis that may arise. In contrast, being underinsured can prove to be a disaster. The following looks briefly at some of the dangers associated with not having enough insurance, and how to make sure you are safeguarding against some unfortunate possibilities.

Losing Your Home

Without adequate insurance coverage you may be at risk of losing your home. For example, if your home suffers extensive damage during a storm and yet you are only partially covered by your insurance, you may be forced to move out of your home until you can come up with the extra money to pay for the repairs.

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