it would be canceling pet insurance coverage for approximately 100,000 between the spring and the summer of next year. The company wrote that the action was taken due to the rising cost of "veterinary care and other factors" that are cutting into the profits of its pet insurance business.and said she had been paying $600 per month in pet insurance premiums for her dogs, which was later bumped up to $700 to add coverage for her four-year-old Silkan Windhound.
"I was willing to pay this very large amount to get this coverage because I love my dogs. They're my family. They are not like a car, or even a house, or a thing that can be replaced or rebuilt, they are important to me," Keith told"No one else is going to take on old dogs with pre-existing conditions and even if they do they will exclude all of the pre-existing conditions. I don't know what I'm going to do.", 24% of pet owners in America have pet insurance.
"When it is available, pet insurance can give pet owners much-needed peace of mind when it comes to protecting their finances from unexpected medical costs related to pets," NerdWallet personal finance expert Kimberly Palmer toldAccording to the outlet, Nationwide claims it is the first and largest pet insurance provider in the United States and has over 1.2 million pets insured for medical coverage, injuries and accidents.
"We certainly empathize with the disappointment many of our pet families feel and will fully stand by the protections for which they have paid through the end of their current term. Our rates will continue to be fair and appropriately priced for the plan, pet, and breed," Nationwide wrote in a statement.
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