One in three Fortune 500 companies now offer pet insurance.  They include Chipotle, Delta Airlines, T-Mobile, UPS and Microsoft, according to one of the leading providers, VPI.

Consumer Reports says pet insurance can really pay off, if you have a young animal that ends up with a serious illness or injury.  But if your pet is older, it can cost more and the coverage can be less comprehensive, so it may not be worth it.

Premiums vary widely and depend on the coverage you choose, the age of your pet and the breed.  Here's more from WILX-TV 10!