STAMFORD, Conn., Dec. 20, 2022 /PRNewswire/ — Pets Best Insurance Services, LLC, a Synchrony (NYSE: SYF) health and health option and leading U.S. family pet medical insurance supplier, revealed the outcomes of a brand-new research study: “Pet Parenthood Today.” More than 1,400 family pet owners were surveyed to much better comprehend the effect animals have on their personal and expert life. With pet ownership at an all-time high, the research study exposes findings around the health advantages, monetary factors to consider, and generational habits that include owning a family pet.
Key findings from the research study consist of:
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83% of family pet moms and dads state, “having a family pet makes me better as an individual.” Specifically, 86% of dog moms and dads and 78% of cat moms and dads.
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Pet Parents invest in typical 8.5-9.5 hours each day with their family pet. And, family pet moms and dads with pet medical insurance strategies are spending more quality time together with their animals compared to pet moms and dads without family pet insurance coverage on activities such as: going on holiday with their family pet, working out with their family pet, taking their family pet out to consume, to the park and more.
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Pet-friendly work environments continue to remain in need, as 57% of family pet moms and dads “choose to work for a company who values family pet ownership.” Today more companies are using benefits for owning a family pet, like family pet insurance coverage, or pawternity leave.
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Younger generations experience the most levels of stress and anxiety about family pet care expenses (particularly, 87% of Gen Z family pet moms and dads and 85% of Millennial family pet moms and dads). And, younger family pet owners are more available to pet medical insurance as an option to fund pet health care expenses compared to older generations.
“More than 70% of U.S. families consist of a family pet, which is up substantially because the start of the pandemic. The expectations of what it suggests to end up being a family pet parent have actually developed gradually,” said Melissa Gutierrez, senior vice president and basic supervisor, Pets Best. “We’ve discovered that family pet moms and dads now are even more most likely to prepare for their family pet’s care, consider their family pet’s wellness, and incorporate their family pet into everyday regimens.”
According to a COVID-19 Pulse Study by the American Pet Products Association, about 12.6 million U.S. families got a brand-new family pet in 2020. But, the pandemic has actually triggered more than simply pet ownership numbers. 18-34 years of age were most likely to adopt animals throughout the pandemic, speeding up numerous brand-new beliefs about family pet being a parent.
“This brand-new research study reveals crucial insights into our lives with animals today. It highlights our dedication to comprehending family pet moms and dads, their relationship with their animals, and how we can best serve them.” Gutierrez included.
Pets Best supplies open door to info to help individuals progress notified family pet moms and dads, consisting of blog site short articles and vet info and evaluations. Policyholders likewise have access to 24/7 choice assistance through phone, chat, and email. Since 2005, Pets Best has actually offered extensive family pet medical insurance options, assisting to offer pet moms and dads assurance understanding they’re secured, so they can concentrate on making the very best choices for the wellness of their dog or cat. Pets Best insurance policy holders can pick from strategies that can cover mishaps, health problems and optional add-on regular care, all tailored to fit their family pet’s requirements and their budget plan.
Methodology
Pet Parenthood Today is based upon findings from 1,420 family pet owners, consisting of 75% dog owners and 56% cat owners, and exposed crucial distinctions in between those family pet owners who are presently registered in a family pet medical insurance policy, versus those who are not.
To evaluate the complete research study, see https://www.petsbest.com/blog/pet-parenthood-today/. To learn more about Pets Best, see www.petsbest.com.
About Pets Best Insurance Services, LLC
Pets Best uses family pet insurance coverage and health prepare for dogs and cats in every state. Founded in 2005 with an objective to offer access to extensive animal health care at a budget friendly cost, Pets Best provides versatile protection, a simple claims procedure, and outstanding customer support. In 2019 the business was obtained by Synchrony (NYSE: SYF). Pets Best is extremely ranked by independent evaluation websites and is advised by vets throughout the country. Pets Best is an establishing member of NAPHIA, an organization devoted to making sure high requirements and openness for the family pet insurance coverage market.
Pet Insurance protection used and administered by Pets Best Insurance Services, LLC and underwritten by American Pet Insurance Company, a New York insurance provider headquartered at 6100 fourth Ave. S. Suite 200 Seattle, WA 98108. Please see www.americanpetinsurance.com to evaluate all available family pet medical insurance items.
About Synchrony
Synchrony (NYSE: SYF) is a leading customer monetary services business providing among the market’s most total digitally-enabled item suites. Our experience, proficiency and scale incorporate a broad spectrum of markets consisting of digital, health and health, retail, telecoms, home, automobile, outside, pet and more. We have a recognized and varied group of nationwide and local sellers, regional merchants, makers, purchasing groups, market associations and health care provider, which we describe as our “partners.” We link our partners and customers through our vibrant monetary environment and offer them with a varied set of funding options and ingenious digital abilities to resolve their particular requirements and provide smooth, omnichannel experiences. We provide the ideal funding items to the ideal consumers in their channel of option. For more info, see www.synchrony.com and Twitter: @Synchrony.
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SOURCE Synchrony
