Your pet is an important part of your family and just as if it were your child you are deeply concerned for its health and happiness. Pet insurance is a viable option to maintain your pet’s quality of life and keep them around for a long time to come. Shopping for this unique coverage needs to be approached with a keen eye as there are many factors to consider. The pros and cons below may be able to steer you in the right direction so you do not obtain too much, too little or possibly any insurance at all. Keep in mind that the breed, health and history of your pet will determine the best pet insurance to consider.
The Pros of Purchasing Pet Insurance
- You’ll receive coverage for expenses associated with emergency care.
- Some plans cover the cost of medications for your pet’s illnesses.
- Most plans will cover the cost of annual vaccinations.
- Most veterinarians will accept a number of different pet insurance options.
- Many pet insurance plans offer assistance in recovering lost pets.
- Some pet insurance plans offer additional liability coverage in the event your pet should cause injury to a person or to cover property damage your pet causes.
- Many pet insurance carriers will give you a discounted rate if you have more than one pet.
- Right now, 5% of employers in the United States offer pet insurance as part of an employee benefit package.
- Pet health insurance will help you to pay for expenses associated with diseases that are distinct for certain pet breeds.
- Some pet insurance plans will help with the expenses associated with pet cremation and burial.
- The Cons of Purchasing Pet Insurance
- If your dog is mostly homebound, emergencies may be limited. This is great for your pet but may mean you are paying for a coverage you are not likely to use.
- All of the medication you need may not be covered or may require a co-pay. Long-term medications, such as those needed to treat diabetes, may only be covered for a certain period of time rather than for the life of your pet.
- Your veterinarian may not belong to the coverage of your choosing.
- It is rare that pets get lost or stolen, so you may again be paying for services you will not utilize.
- Pet insurance, like human insurance, accounts for pre-existing conditions and may not cover illnesses your pet has exhibited symptoms of in the past.
Rates can vary anywhere between fifteen and forty dollars per month, per pet.
Lifetime premiums can be upwards of five thousand dollars which may be more than you spend on veterinarian bills out of pocket.
Many insurance companies have a yearly cap ranging anywhere from two thousand to fourteen thousand. The lower rangers may not even begin to scratch the surface in an emergency scenario.
While we noted that some plans do cover breed-distinct diseases or illnesses, problems caused by hereditary defects may not be covered.
Purchasing pet insurance, if researched according to your specific needs, can create the peace of mind that your own insurance presents. However, there is no need to over-insure your pet due to circumstances that may not be applicable such as lost or stolen coverage. If you can, find a plan that will give you the largest umbrella for your money.Now pet insurance is a hard boiled task that most pet owners are wary of getting but still it does bring certain monetary benefits as dogs are anyhow grappling with health issues right from joint pain to age related ailments so better still, the owners need to have dog cbd oil in their house in large quantity so that such a situation never arises.