Up to 47% of American households have a dog, and for insurance companies, these households represent a risk. In 2013, homeowners insurance policies paid out some $483 million in dog bite liability claims. Obviously, insurance companies would rather not be shelling out hundreds of millions of dollars over dog bites.…
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Pet Owners Use Life Insurance To Fund Furry Friends’ Future Care
903 pet owners were surveyed and 44 percent say they have made formal or informal plans for their pets’ future care. For one-fifth of those owners, according to the survey, “Pet heirs: Financial planning with pets in mind,” those plans are financial. Pricing a pet’s life The pet industry has more than…
