Taking care of pets is becoming increasingly difficult for many Americans.

Nationwide Pet, the largest provider of pet insurance in the U.S., is dropping around 100,000 policies by next summer due to rising veterinary costs.

This reflects a broader trend of insurance becoming harder to obtain, from homeowners to vehicle insurance.

Nationwide cited inflation in veterinary care and other factors as reasons for these changes, aiming to maintain financial sustainability, CNN reported.

Affected policyholders will be notified in writing, and the company will honor existing protections through the end of their current terms.

Written by B.C. Begley