Three Pros and Cons to Help You Decide If Pet Insurance Is Really Worth the Expense
We all love our fur-babies and want to maintain their good health. But with veterinary annual exams, shots and possible emergency visits you’ll soon discover that keeping your pet healthy can be expensive. Veterinary medicine has come a long way and is making new advancements all the time; this means your vet can treat more diseases and conditions—but they come with a heftier price tag. To help balance out these costs pet insurance was developed.
There are many types, several providers and various policies for dogs, cats and other pets. In fact, there are new policies with better coverage and more value coming out every year.
Many pet owners consider pet insurance a waste of time or don’t even know about it which is why, in the U.S., there aren’t many pet parents who have this insurance. You’ve probably asked yourself the same question: Is insurance for my furry friend worth it? Well, here are some pros and cons of pet insurance for you to ponder.
Your pet’s risk determines payment. – Just like our health insurance, the premiums in pet insurance are founded on how healthy and old your fur-baby is. In other words, if you have a healthy puppy or kitten, your premium will be lower than if you have a senior dog or cat. This way you can prepare and budget for higher expenses but you won’t have to pay a higher premium immediately.
Insurance coverage can be customized. – Nowadays, pet insurance companies permit you to select whatever type of coverage you’d like—from accidental to comprehensive. Likewise, you get to elect co-insurance options and various deductibles.
More costly treatment alternatives are affordable. – Everything from an operation to chemotherapy can cost a small fortune. Yet with pet insurance your costs will be vastly reduced. Thus, allowing you to concentrate on making your pet’s life better and possibly extending it.
Some pets can’t be insured. – You might find that insurance companies may not want to insure your pet; especially if your four-legged friend has a pre-existing condition or is more than 10 years old.
You won’t get as much back. – Unfortunately, you might pay more in premiums than what you get in coverage—particularly if you pick insurance that will pay for preventative care and check-ups. For some people, it might be prudent to just set aside the money in a savings account that they would’ve put towards the premiums.
How will you really know if pet insurance is right for you? Do your homework. First, total up your fur-baby’s annual medical expenses. Then compare pet insurance companies; peruse their premiums, coverage they provide and evaluate how frequently your furry pal will require their coverage. Once you’ve done all that, you’ll be able to determine if getting pet insurance is the correct move for you.
Yours in writing,Dave Lambert
Everything is foreseen, yet freedom of choice is granted, the world is judged with goodness and everything is according to the preponderance of good deeds.