My understanding is that pet insurance is at the end state of the so-called "insurance death spiral". Here is an exerpt from an interview with MIT economist Amy Finkelstein promoting her recent book _Risky Business_:
"...if you look at the market for pet health insurance, which has been growing over the last couple decades, the prices really are exorbitant relative to the risk. So for example, a 12-year-old bulldog, if you want to insure him, the annual premium is $4300. And here's the kicker, the maximum payout is $5000. So that is a very, very high price. But one of the reasons the price is so high is because the people who are insuring their 12-year-old bulldogs are the people who know not only that Rover is going to about to need a lot of medical care, but that they're the type of owner who if Rover does need that medical care are not going to give him some pain relief and sadly say goodbye, they're going to do the high tech invasive surgery on their 12-year-old dog. And so one of the reasons insurance looks so bad and gets such a bad rap is because it often is high priced and also limited in all kinds of annoying ways with waiting periods and deductibles. But that's there precisely because of the selection problem. It's the insurers trying to figure out how they can insure this risk that is so adversely selected." John Carr On Fri, Nov 24, 2023 at 12:22 PM Kim Jalet <jale...@gmail.com> wrote: > > Good Afternoon, > > We are likely about to adopt a kitten and his mother soon. Does anyone have > a pet insurer that they have used and liked? Looking for recommendations. > > Thank you, Kim > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > -- The LincolnTalk mailing list. To post, send mail to Lincoln@lincolntalk.org. Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. Change your subscription settings at https://pairlist9.pair.net/mailman/listinfo/lincoln.
