Is Pet Insurance Right For You? Part 2
Pet insurance is an area that, much like the insurance we get for ourselves, can be just as
confusing as it is important. There are a lot of pros and cons to getting pet insurance and while
we recommend some form of insurance for your furry friend, the decision is ultimately up to
you. We’ve touched on some pet insurance basics in another post, but let’s dig a little deeper
into some of the details.
First, some of the good news. Pet insurance will bring you peace of mind and help pay for the
unpredictable things that can happen throughout a dog’s life. Many people are familiar with
wellness packages; A lot of vets offer wellness packages which include an annual fee and a good
discount on a variety of routine health checks for your dog. Things like teeth cleanings,
vaccinations, and tick and lice treatment are all pretty standard wellness package services. But
many people don’t realize that there are a lot more options.
On top of the wellness package, actual pet insurance can cover everything from surgery,
diagnostic tests, accidents, prescription medicine, and even cancer treatment. There are a lot of
competitive options for pet insurance and it’s easy to compare them online. Pet Insurance
Review, for example, has a great breakdown of many of the most popular plans. Like human
insurance, pet insurance companies have policies for all kinds of cases and it’s likely that there
is one that’s right for you. In general, these options all have a monthly cost, as well as an annual
deductible. But don’t worry too much, nearly all of them are cheaper than what insurance for a
person would be. Monthly payments can be anywhere from a few dollars a month to about one
hundred dollars, but that’s at the very high end. Most deductibles top out at one thousand
dollars annually, which is better than a lot of human insurance.
So, it’s likely that you’ll be able to find a plan that brings you the economic security and peace
of mind that you need. That being said, there are some cons to know about as well. First and
foremost, pet insurance policies do not cover pre-existing conditions. With this knowledge in
mind, it’s even more important to secure insurance for your pet before anything happens. Pet
insurance also doesn’t generally take the place of a wellness plan. Simply buying insurance
won’t cover those regular visits that your vet’s wellness plan does so at the end of the day,
you’ll likely need both. Finally, pet insurance doesn’t cover cosmetic procedures. Things like tail
docking or ear cropping aren’t covered at all.
Even with those challenges, the positives of having coverage far outweigh the negatives. Aside
from the peace of mind, you should remember that even one unforeseen accident can cost
thousands of dollars more than an entire year’s worth of pet insurance payments and wellness
care combined. You’ve done so much to make your dog’s life as rich as rewarding as possible.
We can’t recommend insurance enough to guarantee that things go as smoothly as possible.