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Pet insurance is a form of property insurance rather than health insurance. [ citation needed ] Insurance companies may limit coverage for pre-existing conditions , giving owners an incentive to insure even very young animals, which are not expected to incur high veterinary costs. [ 7 ]
Pets are big business. Pet owners were expected to spend $150.6 billion this year, according to the association. In 2018, they spent $91 billion, and, in 2022, it shot up to $137 billion ...
Profiteers also sought out pet stealing as a means for economic gain. Utilizing the affection that owners had for their pets, professional dog stealers would capture animals and hold them for ransom. [73] The development of dog stealing reflects the increased value of pets. Pets gradually became defined as the property of their owners.
Pet fees vary by property but start at $50 and come with a perk that started rolling out in January 2022: Guests get online or phone access to pet behaviorists, nutritionists and vet techs at Mars ...
Pet bereavement and pet humanization are two concepts that are closely related and often intersect in the realm of human-pet relationships. [17] [18] [19] Pet bereavement is the emotional response that pet owners experience when their pets pass away. It involves a range of emotions similar to the mourning process for a human loved one. [20] [21 ...
But insurance agents say they are now seeing clients acquiring separate loans that do not list the property as collateral, and they use the money to pay off the mortgage to free themselves from ...
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