Nationwide is dropping pet insurance coverage for 100,000 animals [Video]

Nationwide will not be on the side of 100,000 pet insurance policyholders after this year.

The insurance agency said the rising cost of veterinary care has forced it to withdraw its Nationwide Pet services in some states. Approximately 100,000 policies will not be renewed between now and the summer of 2025.

The impacted policyholders will be notified about the drop in coverage, but Nationwide said it will “stand by the protections for which they have paid through the end of their current term.”

Ages, breeds and prior claims history of the pets will not be factored into which policyholders get dropped, Nationwide said.

“We are proud that we consistently pay for covered claims each and every day, amounting to billions of dollars over the past four decades,” the insurance company said in a statement. “We are making these tough decisions now so that we can continue to be here for even more pets …