The power of pet insurance:Do clients with pet insurance spend more—why? Our board members explore.

摘要

Which came first?I think this is a good chicken and egg scenario. A client will certainly be more inclined tovisit a veterinarian for a questionable malady (and thus spend more money) if they are insured and know that finances are covered.When it comes to who initially enrolls in insurance it comes down to peoples financial planning. People who save money are more likely to get better health, home, auto, life and disability insurance to protect that wealth. These are the people who can afford a monthly payment as well.For people who are not accumulating wealth, another monthly payment is not in their budget and there is little incentive to protect wealth since there are few assets to protect. If an unforeseen incident occurs, that person may look to acquire more debtor decline services.In my opinion, it's hard to convince clients to change their mind on petinsurance. That decision is based on their already set financial habits.