Pet Insurance: It's Worth it

Pet insurance is very helpful to pay unforeseen veterinary bills. You may definitely want to provide your pets with best possible care, in any circumstances. But when unexpected illnesses and injuries come up, cost can instantly run to thousands of dollars.

As per a recent National Pet Owners Survey conducted by the American Pet Products Association (APPA), pet parents are estimated to spend over $62.75 billion in 2016 on pets in the US, and $15.92 billion on vet care. With the advancement of veterinary medicine, these numbers are expected to increase. With the help of pet insurance, you can easily budget for these costs.

Why a Pet Insurance Plan Is Really Worth It

Pet insurance plans are helpful to manage all the unforeseen veterinary bills. You will get reimbursed for the treatment if your pet becomes ill or has an accident. With having the insurance plan, you can follow the recommended course of treatment as you know that you can get the financial security with pet insurance plan.

A pet parent faces a vet bill of up to $3000 in every six seconds. So, it goes without saying that one in 3 pets need emergency veterinary treatment every year.

  • Injuries and illnesses strike when we are not expecting them. It seems true for dogs also. They love to bite out their toys and cats may show that they have a lot of lives. So, it is important to protect them with dog insurance plans to ensure ultimate peace of mind. In case illnesses or injuries strike, there is no need to turn the treatment down due to cost.

  • With cat insurance, it can become a lot easier to care for your kitty. You may want to keep your feline healthy and safe. Due to their curious nature, they often find trouble. Luckily, cat insurance can ensure peace of mind whenever health problems happen.

How Much Does It Cost to Opt for Pet Insurance?

More than 30% of all the households in the US have a pet, as reported by the American Society for the Prevention of Cruelty to Animals. But it is not affordable to have a companion animal. Along with the cost of general care and food, you also have to face expensive vet bills if your furry friend meets an accident or illness. This is where you should look for pet insurance.

Like insurance for human beings, pet insurance plans also vary by cost. On average, dog insurance costs around $41 per month, but it is up to their age, breed, and medical history. Some plans cost just $22 per month while some can go high up to $70.

If your pet is healthy and young, without any disease in family history, the plan covers basically accidents that you all need. Such plans can cover if your pet is hit by a vehicle or fractures her teeth.

If you have pet that has risk of serious illnesses or is older, the cat insurance plan may be more expensive to cover several medical costs.

Pre-Existing and Hereditary Conditions

When it comes to choose a plan, it is recommended to read all the information properly. Some of the providers don’t cover common conditions like heart disease, dysplasia, cancer or heart disease. As these conditions are considered to be costly, be sure they are covered well if your pet is at risk.

  • In some plans, you may need a waiting period to work out with pre-existing conditions. In case your pet suffers chronic ear infections, you may not get coverage. Your pet has to live without veterinarian care for months to get covered.

  • Age of the pet can also affect the eligibility and how much one can pay every month. The younger the pet is, the cheaper the plan.