Update1: Due to the numerous amount of comments we received from readers who were in favor of the tax deduction for pets (see story below), we wanted to provide them with another avenue to financially protect themselves and the health of their pets, in case Rep. McCotter’s bill doesn’t go through.

Just like our medical bills, vet bills can pile up fast and can easily cause you to fall into debt. For many years, pet insurance has been popular amongst pet owners nationwide. It can help to preserve the heath of your animals and to help keep your finances intact at the same time. Pet owners widely consider their animals as part of the family, so when the vet says their pet needs surgery or prescription medication, they don’t think twice.

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There are many unfortunate byproducts of a home foreclosure. A growing cause for concern amongst animal rights activists has been the growing number of abandoned pets left behind when families are forced to leave their homes.

Too often the owner’s new living arrangements don’t allow animals. Rather than finding an adequate living situation for their pets, many feel as though they have no other option than to leave their pets behind.

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