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And you'll be in good company: 70% of U.S. households have a pet, according to the 2021-2022 American Pet Products Association National Pet Owners Survey. Americans spent $103.6 billion on their pets in 2020 alone, APPA says. Medical issues are almost inevitable for pets, and costs are likely to rise, says Kristen Lynch, executive director of the North American Pet.
If your puppy or kitten gets sick or injured, an unexpected medical bill can derail your budget. For more Americans, pet insurance gives peace of mind.