"Booming Yet Chaotic: The State of America's Pet Insurance Industry"
Originally Published 1 year ago — by Business Insider
America's pet insurance industry is rapidly growing but fraught with issues, including high costs, confusing coverage, and frequent claim denials. Many pet owners, like Gina Papini, find the insurance to be more of a financial burden than a benefit, often paying more in premiums than they receive in reimbursements. The industry lacks regulation, making it difficult for consumers to navigate and understand what is covered. While some find value in pet insurance, for many, it ends up being an expensive and frustrating endeavor.