Insurance vs. Pets

January 17, 2024

According to Forbes, 66% of U.S. households own a pet. Dogs are number 1, followed by cats then freshwater fish. 


I recently got a new fur baby in addition to my family. His name is Gremlin and in some capacities, he is considered exotic. 




When looking for pet insurance and a vet I learned that they consider them exotic pets, even though bunnies and other small animals are the 4th most popular pets. It made me wonder about home (and renters) insurance.


Many of our carriers have defined exotic pets to be anything “uncommon and/or not able to be purchased at a pet store” - but it is all case by case. 


Make sure that your pets are disclosed, and you may need to provide additional information on their breed.


If you have a fish, it may not need to be disclosed - but if you have an aquarium then it should.
If you have a horse, you shouldn’t have issues - but if you provided riding lessons with that horse, you may need additional endorsements/coverage


Right now the statistics show that Gen Z's are more likely to have a variety of pets, while most older generations stick to dogs and cats. With the increasing change in pet preferences, it's important to make sure that you have coverage for any liability you may need for your pets.