Market research firm IBISWorld says the pet insurance industry’s future is bright, forecasting a 12.6% revenue increase in 2015 over 2014. (Photo: Shutterstock)

It’s like the ’50s all over again. Thanks to the recovery, every American can once again aspire to own a home, a new car and a Labrador retriever, digging in the yard and hanging out the car window.

Well, maybe a Labradoodle. Or a pet skunk. Or four spayed and neutered cats, declawed of course. Because it’s not the ’50s, and things have definitely changed in the pet world. One huge difference: Today, we can go out and get pet insurance to cover the cost of our passion for pets.

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