Pet healthcare is big business. And no organization would know that better than the North American Pet Health Insurance Association (PHIA).

PHIA states that allergies are the single most common healthcare problem for pets. Fleshing out the top five ailments were intervertebral disc disease, cancer, hyperthyroidism and kidney failure.

The balance of these ailments are chronic conditions normally associated with old age.

This is where pet insurance comes in: if you buy the insurance while your pet is young and relatively healthy, you ensure that you will pay lower overall rates. You also ensure that your animal has insurance to cover for both devastating injury and any chronic health condition.

The cost of treating your allergic pet can really mount, with expensive vet visits and specialized drugs. Insurance can help to ensure that you can afford to treat your companion animal, without cost standing in the way.

Source: Animal Friends Insurance