2023 US pet healthcare expenditure surged to $38 billion, promoting pet insurance growth.

Pet insurance is gaining traction as pet healthcare expenditure surges in the US. In 2023, Americans spent $38 billion on pet healthcare, up from $29 billion in 2019. Pet insurance can provide financial relief for unexpected and unaffordable vet bills, safeguarding both pets' well-being and pet owners' financial stability. Factors to consider when choosing a policy include deductibles, annual limits, reimbursement levels, and pre-existing conditions coverage.