Financial institutions that partner with Franklin Madison can now provide their customers with the new Franklin Madison’s pet insurance program.
In a press release, the Tennessee-based insurance company announced Tuesday, Oct 1, it has partnered with Crum & Forster Pet Insurance Group, a privately-held pet insurance company headquartered in Ohio, to provide its bank and credit union partners with this valuable insurance program.
“2.16 million pets were insured in the United States in 2018, an 18 percent increase from the year before,” said Franklin Madison CEO Robert Dudacek. “The average premium growth rate in the United States since 2014 is over 21 percent. There is a demand for pet insurance, and we chose to partner with Crum & Forster Pet Insurance Group due to their strong reputation, their comprehensive coverage for pets, and their excellence in covering four-legged family members for over 20 years.”
According to the release, the new insurance program will cover exam fees and other medical costs for dogs, cats, and horses. This includes accidents, illnesses, hereditary conditions, and behavioral issues. Plans are also said to have flexible benefit levels, deductibles, and policy limits.
“Helping pets live longer, healthier lives is at the core of our business,” said Bob Capobianco, Senior Vice President of Crum & Forster Pet Insurance Group. “We’re excited to partner with Franklin Madison because it will help expose pet health insurance to more pet parents.”
Taking pride in over 46 years of experience, the Franklin Madison, previously known as Affinion Insurance, is a leading provider of insurance products and marketing services in the U.S. To date, the company has about 200 employees and has helped over 3,500 financial institutions.
“The new pet insurance program will be offered through digital marketing channels and will complement an already robust product suite built to strengthen consumer financial security,” the release added.