Is Pet Insurance Worth It?

Catering for a pet can be breathtakingly expensive. Vet bills alone are exorbitant! Just like humans, there’s no way we can indeed predict when domestic pets will fall ill or how much it may cost to get treatment. Although the well-being of our pets may be solely our responsibility, it surely comes with many uncertainties. Dogs may suffer from chocolate poisoning, kittens may have a fractured hip bone after a fall, and it remains our duty to nurse them back to health. Here comes the ultimate help –Pet Insurance.

Pet Insurance is a bulletproof system that helps protect you from unexpected pet-related costs such as veterinary bills. Just as we care about our health insurance, we should also invest in pet insurance because we love our pets. In this post, you’ll find answers to the question –is pet insurance worth it?

Estimating the Total Cost of Pet Care

Before deciding if you should take out pet insurance, it is recommended that you estimate the total cost of keeping a pet. From that, you can deduce if a better medium for care should be employed.

Case Study: How much does it cost to care for a dog properly?

It’s no myth that having a dog pet is expensive. There’s a lot involved in dog care, and it’s more than just food expenses. According to Spruce, the yearly estimate for owning a dog is about $1500 to $9900. This includes costs made on food/treats, grooming, collars/leashes, toys, and routine veterinary care.

Of all the expenses, routine Vet Bills cost the most ranging from $700 to $2000 yearly. That’s quite a huge amount of money, but what happens when your dog comes down with a sudden illness? You’ll be required to spend more unexpectedly. This is where pet insurance becomes the lifesaver.

What Does Pet Insurance Cover?

Just like any other form of insurance, pet insurance has varying policies. You’ll be required to pay a certain amount monthly to keep your insurance coverage active.

However, the most common coverage it offers is associated with Veterinary Bills, though other expenses may be included in the insurance plan.

Veterinary Bills

Getting coverage on Vet Bills is the primal reason people take out pet insurance. Vet bills can come unexpectedly and, most times cost a lot. Some veterinary expenses covered in most pet insurance policies include;

• Unexpected injuries (broken bones) and illnesses (cancer, glaucoma, and more)

• Hereditary or congenital conditions

• Emergency examination fees

• Dental care

• Wellness visits

• Surgery

• Liability protection

• Alternative therapy like physiotherapy and acupuncture.

• Test and diagnosis

• Prescriptions and medications

Is it Really Worth It?

The short answer to this is YES! Investing in pet insurance is definitely worth it! Having it goes a long way in ensuring the maximum safety of your pet without putting a price tag on its life. You’d take property and life insurance for yourself, then why not your lovely pet?

If you’re still unsure if pet insurance is beneficial, try to put together how you’d deal with an unexpected vet bill. After doing so, consider how old your pet is, what kind of pet it is, and how likely it will fall ill. You’ll find your answer on your own.