Texas Pet Owners Shocked After Nationwide Cancels Pet Insurance

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Nationwide's Bombshell Announcement

Nationwide Insurance dropped a major bomb: they’re canceling pet insurance for about 100,000 pets nationwide. Rising veterinary costs and other economic pressures are to blame. If you’re a pet parent like Christie Keith, who’s been shelling out $700 a month to cover her Silken Windhounds, you might be left scrambling for alternatives. This hits hard for those with older pets or pre-existing conditions.

Texas: The Highs and Lows

El Paso is among the priciest cities for dog owners, while Plano shines as a top pet-friendly city with great vet access and pet-friendly spaces. But even in these pet paradises, insurance headaches can still bite.

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Pet Insurance 101

Around 24% of U.S. pet owners have insurance, covering everything from routine care to major illnesses. Yet, costs are rising, averaging $53 a month for dogs. For many, it’s all about peace of mind, knowing they can handle unexpected vet bills.

• Routine Care: Covers things like heartworm treatments and teeth cleanings.
• Accidents & Illnesses: For those unexpected emergencies.
• Behavioral Issues: Some plans even help with things like aggression.
• Wellness Coverage: Grooming, burial, and cremation services as add-ons.

Nationwide's Impact Beyond Texas

Nationwide’s decision affects pet owners across the country, leaving many in a tough spot. For example, Robin Tobias in Florida is worried about her 7-year-old dog Ginger, who has a heart murmur. With Nationwide pulling the plug, finding new coverage for older pets with pre-existing conditions is a daunting task.

What to Do Now

If you’re in Texas and facing a pet insurance crisis, consider these tips:

1. Shop Around: Look for other insurers, but be aware many won't cover pre-existing conditions.
2. Savings Plan: Start a high-yield savings account for vet bills.
3. Payment Plans: Find a vet who offers flexible payment options.

National Pet Stats

• Pet Ownership: 67% of U.S. households own a pet.
• Spending: Americans spent over $103.6 billion on their pets in 2020.
• Vet Visits: The average annual cost for routine vet visits is $212 for dogs and $160 for cats.

Nationwide’s changes are a tough pill to swallow, but with some savvy moves, you can still ensure your furry family members get the care they need. Stay pawsitive, Texas!

For more national pet statistics, check out the full scoop here.