Pet Insurance: Is It Worth It?

Posted: September 9, 2016 at 8:00 pm by Skip Kelley

We’ve talked about investments, we’ve talked about life insurance and we’ve discussed what the average costs are for owning a dog. But what about pet health insurance? The practice of purchasing a health insurance plan for pets is becoming more common these days. Just as life insurance and health insurance plans are a must for humans, I also believe it is a must for pets, too. If you own a pet and you’ve had to make an unexpected trip to the vet, then you know how high some of the costs are. Take a look at a few reasons why purchasing pet health insurance may not be a bad idea.

Your Savings: Let’s say, for instance, your pet ingests a “foreign body”. The average costs for that procedure would be around $2,000.00 – and that is out of pocket! If you had pet health insurance at the time of the incident, with certain coverage options your costs could be a fraction of that. That’s a lot of savings!

Your Peace of Mind: Some people have the money to pay for an unexpected pet healthcare cost if it arises. But even still, extra money or not, if you had pet health insurance and something did occur that you could not pay for, you would have the peace of mind knowing that you are able to afford a procedure and the associated medicine if needed.

The Routine: Annual exams, vaccinations and teeth cleanings can really add up. Most, if not all, pet insurance health care plans include coverage for these routine pet care maintenances so you can keep Fido up-to-date on all their needs.

You Have Options: With pet insurance, you’re not limited to a specific vet clinic. Any licensed veterinarian, specialist or emergency care clinic accepts pet health insurance plans so you can select the very best for your furry friend.

So what are you really insuring against when you purchase a policy? The short answer is anything that would cause you financial hardship and make you ask yourself if you can afford the care that your pet needs. None of us want to be in the position of making an important decision about our pet’s care based solely on cost. Just as you would get coverage for yourself, spouse and children, you should consider getting coverage for your pet.

There’s options out there, so take a look, do your due-diligence and find the pet health insurance that best suits your and your pet’s needs.

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