Ask any pet parent who has cared for a seriously ill animal: The cost of ongoing vet visits and medical expenses can be exorbitant.

That's where pet insurance comes in.

Many pets and their people, however, lack the peace of mind that pet insurance can provide.

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Here's a look at this vast untapped market for insurance agents and brokers:

May 2018 Chalkboard Infogeraphic from National Underwriter Property & Casualty magazine,

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Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].