Pet Insurance Market 2023 Growth | Exactitude Reports
Exactitude Consultancy Latest Published Pet Insurance Market Research Report 2021 by Animal (Dog, Cat, Others), Policy (Illnesses and Accidents, Chronic Conditions, Others), Provider (Private, Public, Others) and by Region (North America, Asia Pacific, South America, Europe, Middle East and Africa), Global Trends and Forecast from 2019 to 2026.
Top Companies are, Anicom Holdings, NSM Insurance Group, Figo Pet Insurance, Petplan, PetFirst, Trupanion, Hartville Group, Nationwide Mutual Insurance, Direct Line Insurance Group, RSA Group and Others.
On the basis of Policy, the Global Pet Insurance Market has been segmented into Illnesses and Accidents, Chronic Conditions, Other Policies. Illness and Accidents policy will cover treatments for accidents and illnesses only. This is crucial because some conditions can be extremely costly to treat without insurance. A chronic condition is one that cannot be cured and will affect the pet throughout their lifetime. Such chronic pre-existing conditions are not covered by any pet health insurance plans (but there are payment assistance options). Mainly the policy cover intends to provide cover for medical issues that a pet already has.
Other policies include coverage for loss/theft of the pet, Transit injury, for instance dog insurance, third party liability cover if your dog causes damage or injury to another person or their property and you are legally liable.
On the basis of Animal, the Global Pet Insurance Market has been segmented as Dog, Cat, and some other animals. A dog insurance is a customized pet insurance policy to cover for your dog’s accidents in play and gloomy, bad health days. A cat insurance is a customized pet insurance policy to cover for your cat’s clumsy falls and bad health days. Other pet animals that are usually covered with insurance are horses, rabbit, ferrets, exotic birds, reptiles, potbelly pig, etc.
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