Laws don't prohibit pet insurance. But such type of insurance is uncommon. According to the law concerning insurance any property of a person can be insured and since pets are considered as a person's private property, they can also be insured. Some pets cost their owners a pretty penny that's why their death could cause besides moral sufferings also considerable financial losses. To compensate them, one can also get pet health insurance. That's in theory. But in reality it doesn't look like this.

Today there are only several pet health insurance companies which deal with health insurance of pets. Though according to insurance agents, any animal from hamster to elephant can be insured. But it involves two essential difficulties which hamper the development of this kind of insurance - the problem of indentification and estimation of pet cost.
But still there are a list of insurancwe risks in case of which pet owner can get money compensation: for example, pet's death in case of accident, disease, disasters, illegal act of the third person, mercy killing, pet's stealing. Pet insurance cost is equal to the cost of a pet. Insurance contract is concluded only after the insurance agent's examination of a pet and his inference concerning pet health.

Due to the Internet some pet owners can use Internet sites where they can find online pet insurance and conclude an insurance contract. If a pet owner manages to insure his or her pet, he or she must remember that this contract involves a list of certain obligations.