FourFourThree The Associated Press is reporting that Home and Ally, the two companies that own the pet insurance policies for both pet owners and pets, are both embracing pet health coverage.
The two companies are both part of the American Pet Insurance Association, which is an industry association that represents the pet insurers that sell insurance to pet owners.
Home and Al are also part of Cigna, which offers pet insurance for pets, and Ally is part of HealthPartners, which also offers pet health care coverage.
“While the American pet insurance industry is the largest provider of pet policies in the country, with nearly 30% of the U.S. pet population and more than 20 million pet-owned pets, pet owners need affordable, high-quality pet insurance coverage to protect their animals,” Ally’s executive vice president of consumer products, Kristine McLean, said in a statement.
The companies announced their plans to join the American Heart Association in August, after years of working together on pet policy issues.
“We are proud to work with these companies to make this a reality for pet owners,” McLean added.
“Together, we can create a better environment for pets and make sure pets can stay healthy and healthy pets can be healthy.”
In August, the AP reported that two of the three pet insurers in the U, Allstate and HealthPartner, were working together to help consumers protect their pets from medical costs, and said that Allstate is also developing a pet health policy.
In October, the companies announced they were expanding their relationship.
“Pet insurance is a complex business, and we know that there are a lot of misconceptions about the industry,” Ally said in the statement.
“Alliance, Home and Health are committed to ensuring the health and well-being of our pets by expanding our pet health portfolio with policies for pets with a wide range of medical needs.”