Is It Worth Taking Out Pet Insurance?
News from Nasdaq:

The North American Pet Health Insurance Association notes that the pet healthcare industry costs pet owners an astronomical $ 15.25 billion per year, over a fourth of the total $ 58.5 billion spent annually by pet owners.

With over 179 million documented pets in America and Canada alone, pet insurance is on the rise. Although only about one in every 200 pets carries coverage, the industry is growing at an average 13.2 percent a year.

Pet insurance comes in a variety of options, from basic offerings available through most pet insurers, to more difficult to secure options such as lifetime, high-level coverage. Savings Experiment categorizes these types of coverage available to interested pet owners as accident coverage, illness coverage and wellness coverage.

“Wellness coverage is for routine annual exams,” Savings Experiment reports, “and according to Consumer Reports and Checkbook.org, it’s not generally wort…………… continues on Nasdaq

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Theory and Practice of Insurance


Insurance is a concept, a technique, and an economic institution. It is a major tool of risk management, and plays an important role in the economic, social, and political life of all countries. Economic growth throughout the world has even expanded the role of insurance. Theory and Practice of Insurance aims to describe the significance of insurance institutions, the reasons they exist and how they function. The author emphasizes fundamental principles in risk and insurance, using an international frame of reference. This volume begins with an introduction to the concept of risk, then proceeds to cover insurance and its relationship to the economy; the principles of risk management and insurance; and the characteristics and performance of insurance companies.
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