More people buying insurance for their pets

A new report finds pet owners are spending more on insurance for their furry companions, which can help them budget for unexpected emergencies and routine care.

In 2009, revenue from pet insurance plans totaled about $300 million a year.

That's expected to jump to more than $750 million by 2014, according to research firm "Packaged Facts."

Providers offer plans that cover accidents and illnesses and wellness plans that pay for regular annual exams, vaccines and blood work.

Premiums range anywhere from $15 to $75 a month.


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