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Why pet insurance is usually a dog.(up front)(Product/service evaluation)(Brief article)

Consumer Reports

| July 01, 2007 | COPYRIGHT 2007 Consumers Union of the United States, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

If the recent pet-food scare is tempting you to buy insurance for Fifi or Fido, hold on. Even though many policies cover tainted food, most exclude pre-existing conditions. And hereditary or congenital problems. And ailments that strike during the first month of coverage. And oh, yes, some insurers restrict coverage for older pets.

But such limits didn't stop the pet-insurance industry from selling an estimated $230 million in policies in 2006, a figure projected to grow by 24 percent this year, according to Packaged Facts, a market-research company.

There are at least a dozen brands of pet insurance in the U.S., selling several levels of coverage. Accident insurance, usually with a provision for tainted food, is typically part of a policy. Coverage for checkups, shots, and certain breeds costs extra.

Most insurer Web sites give you price quotes instantly, but whether the price is worth paying is harder to gauge. If you buy PetCare's QuickCare Gold policy for, say, a bearded collie puppy, ...

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