Do you plan to get a Pet Insurance policy ?
In order to protect their finances while also being able to provide their pets with the very best healthcare throughout their lives, many pet owners are investing in, or becoming more interested in, pet insurance policies. But are they really worthwhile? Dr. Doug Kenney, DVM has written an article explaining the pros and cons of pet insurance so that you can determine whether it's the right decision for you and your pets.
Pet insurance, like all other forms of insurance, is meant to be there in the event that your pet needs unexpected and expensive medical care. In addition to opening up a savings account for your pet's healthcare bills, this insurance will give you peace of mind, knowing that your expenses will be covered even if you don't have enough in savings to pay everything out-of-pocket. And because emergencies can happen to anyone, everyone can benefit from a pet insurance plan.
But what about exclusions that aren't covered in the typical pet insurance plan, such as chronic or hereditary diseases? Many people feel that these exclusions alone make a pet insurance policy a waste of money. But the truth is that there are so many differentpet insurancecompanies today, and there are so many more options than there ever were in the past. You can work with a pet insurance provider to customize a plan that's right for you. For example, you can select the copay and deductible options that are right for you so that your monthly premium is affordable.
What is your budget for your pet insurance ?
If you've ever had to pay thousands of dollars to have your pet treated, you know how valuable pet insurance would've been. And if you fear for the day when something like this could happen to you, investing in pet insurance is a no-brainer. But if you're skeptical that you would ever need it, or you never plan on investing that much money into your pet anyway, you may be a little harder to convince of the many benefits of having an insurance policy in place. You really need to think about how you feel about your pet. Are you ready and willing to spend as much as you have to in order to save your pet? And remember that, when faced with a hefty bill in reality, rather than hypothetically, it's often a lot more difficult to come to terms with paying it yourself, in which case pet insurance would be a blessing.
Now that more people than ever have access to emergency clinics for their pets and even specialists that take care of a variety of illnesses, vets are referring more patients to these establishments. You need to keep in mind that specialized treatments are much more expensive than general vet visits. So, again, if you ever had to bring your pet in during an emergency, you'd want the added assurance that your costs would be covered, even if just partially.
When ready to purchase pet insurance, look at all of your options and all the details carefully. You may be required to pay the costs of a vet visit upfront and then be reimbursed by your insurance provider, so definitely have a pet savings account in place too.