Pet insurance may save money, but owners should do homework

05/2/2013 | MainStreet.com

U.S. dog owners spent $19.1 billion on canine health care in 2011, and cat owners spent $7.4 billion, according to the American Veterinary Medical Association. However, only 6% of dog owners and 3% of cat owners have health insurance coverage for their animals, the AVMA says. "[Pet] insurance is so inexpensive that it is crazy to not have it," said Tobi Kosanke, who has a variety of animals covered, including parrots and geese. After a difficult search for pet insurance for his own dog, David Keh, a former Wall Street investment analyst, launched a pet products comparison website that includes help in finding insurance.

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