Argumentative Research Paper - Pet Health Insurance - Essay Example

Veterinary costs can add up and create a financial burden. Until a few years ago, the concept of having insurance for pets seemed preposterous. More people are now taking advantage of pet insurance to ensure their pet will receive the best care available should an emergency arise. Some insurance companies wont insure pets over a certain age while others will insure pets as long as the pet is enrolled before it reaches a specified age. Premier Pet Insurance (PPI), for example, will insure older cats, but the cat must be enrolled in the program before reaching age ten.

VPI will insure cats at any age but may request medical records for those aged twelve and over. "When a pet grows older that is when pet owners need insurance most," says Stephens. The adoption of health insurance which covers household pets is currently on the rise in contemporary North America. It might be considered a logical and competent assessment to offer that the most significant reasoning behind the incorporation of pet health insurance is due to the culturally-related viewpoint that dogs and cats are more than merely domesticated animals; rather they are considered long-time companions.

From a medical standpoint, pet health insurance is supported by the American Veterinary Medical Association (AVMA), which likely adds credence to the validity of pet-related insurance policies. From a citizens perspective, such insurance likely offers a sense of security to pet owners in the event that their beloved animals suffer accidental injury or simply require routine veterinary care. To the business owner and investor, pet insurance represents an opportunity to increase profitability and increase marketing potential through various organizational partnerships.

According to statistics, the instances of pet health insurance had risen from 195,000 in 2001 to approximately 392,000 policies