Pet Auto Insurance?

When you take out auto insurance on you and your loved ones, did it ever occur to you to include your pet in that insurance policy? Well one car insurance company did. Progressive Corp. auto insurance is now offering collision coverage for customers’ dogs and cats at no additional premium cost.

The auto insurance company, based in Mayfield, will pay up to $500 if a customers’ dog or car is injured or killed in a car accident. The company says that they believe that they are probably the only ones offering the additional benefit on their auto insurance policies, and don’t know yet if it will be cost effective or not.

The auto insurance company just started offering the policies this past September so they don’t know if the amount that it will cost them will be worth it, as they have no way of knowing the cost yet. They are assuming however, that people will want the extra auto insurance and the fact that they are offering it will bring them more clients.

As a rule, auto insurance covers property, liability, and medical coverage, but not usually pets. Experts say that they are not aware of any other auto insurance company offering the benefit either, but they do think that it is an interesting idea. They also say that they think it is one benefit that people will be willing to switch auto insurance carriers to get.



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