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Health Insurance For Pets
Undated-AP -- With some pet owners now shelling out thousands of dollars for medical procedures for their animals, a number of companies have sprung up offering health insurance plans for pets. Consumer Reports found that when you add up the premiums, deductibles, co-payments, unreimbursed costs and exclusions, pet insurance is no bargain. The magazine's managing editor Kim Kleman (KLEE'-muhn) concludes that the policies are almost never worth the price. In fact, she says pet insurance is such a bad deal that Consumer Reports recommends that if you're worried about having enough money to keep your pet healthy, start a savings account. That way, you'll have the money if you need it. And if you don't need it, it goes back in your pocket. So far, less than one percent of the nearly 60 (m) million U-S households with pets have opted for the insurance. But the largest insurer, a company called Veterinary Pet Insurance, says its business grew by 45 percent last year. Copyright 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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