Although it works like health care for people, pet insurance is defined by regulators as a P&C line because pets are considered property under the law. In fact, pet insurance is classified and reported under the inland marine line of business in the NAIC annual P&C statement, according to the Society of Actuaries.
Much like health insurance, a range of aspects determines the price you'll pay when seeking coverage for your hound. According to the Insurance Information Institute (Triple-I), these factors can include the age of the dog, its health profile and the level of coverage being sought.
Generally, older dogs are more expensive to cover and some carriers do enforce an age limit, the Triple-I reported.
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