What's Fido worth? Almost nothing

In the courts, our pets are usually valued like a piece of property. But there is a movement under way to legally recognize that special something they bring to our lives.

By Peter Lewis

MSN Money

Asked to put a price tag on their pets, most owners would call them priceless.

Courts usually don't agree because the law doesn't allow them to. In fact, a pet owner typically can't recover much more than out-of-pocket expenses when an animal is injured or killed due to someone's negligence. Current practice is to value pets at what they would cost to replace, the way insurers put a price on used cars.

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