Pet health insurance could help protect your family pet from disease, injury, and euthanasia in some but not all cases. Many of us have pets that we love and/or have memories of growing up with a family dog and/or cat. Family pets can be the source of some great times. Their devotion and antics make us laugh or make us upset with them. But it’s hard to stay mad with them for long. For years, people have referred to dogs as mans best friend. We count on them to love us unconditionally and to listen to us when no one else will. Unfortunately they get sick or injured and need medical care. Veterinarians are great at keeping our pets healthy and healing their injuries but vets can be expensive. All to often we have to make decisions based on finances rather than whats best for the parties concerned and whether or not to get pet health insurance is one of those decisions. You have to ask yourself, is your pet worth getting pet health insurance to protect your pet from disease, injury and euthanasia?
Pets and Natural Disasters
When super storm Sandy Hit the northeast USA, it devastated the area and left many pet owners separated from their pets. It was great to see responders set up pet care centers to take care of pets that had been found by search crews. Seeing pets and masters reunited was a blessing but unfortunately some of the pets had suffered injuries. Fortunately, some of them could be saved with the right medical care. This would be a good time for pet owners, that had already lost everything, to have pet insurance. It would be an even greater tragedy to have to lose a pet because medical costs couldn’t be covered. There are more important matters but to some people, saving a pet is like saving a family member
How Much is Your Pet Worth to You?
While you can get pet health insurance to protect your pet, sometimes it comes with a high cost. Advances in technology have led to new procedures for healing pets that weren’t available in the past. As is the case with most technological advances, these advances in veterinary medicine will cost you more. Unfortunately, pet euthanasia becomes the option that many choose for financial reasons. Having pet insurance could take that option off of the table for you and your pet. When trying to determine whether or not its worth paying for pet insurance, there are a number of factors that you should think about. Your pets age, its overall health, and your personal financial and social situation all have to be considered. This is a decision that can get clouded by emotional attachment to your pet so you have to try to think in terms of whats best for you and your pet. I know thats a lot easier said than done. Buying pet health insurance may not be the best option for you and/or your pet.
Source Figure 2-1qnd 2-2, The American Veterinary Medical Association U.S. pet ownership & demographics sourcebook (2007 edition).
Insurance Policy Facts
Here are some facts about pet health insurance policies that may help you understand them better and decide whether its for you or not.
- Most policies come with either an annual or per incident deductible
- Most of them have a co-payment where you and the insurer each pay part of the cost. Industry sources estimate your co-pay between 50% and 70% per incident.
- Most have a maximum pay out per incident leaving you responsible for the balance.
- In most cases, you pay the vet and then submit paperwork to the insurance company for reimbursement. Reimbursement could come as soon as 15 30 days.
Do You Need Pet Insurance?
All Pet Insurance Companies Not Created Equal
If you decide to get pet health insurance to protect your pet, be very careful when it comes to choosing a company. Before you make a decision, ask your vet to recommend a pet health insurance company. Go online to research companies and look at the company histories. If a company has been around for a while that could be a good sign. The good news is that you can get pet health insurance to protect your family pet from disease, injury, and euthanasia.
Keeping Your Best Friend Active, Safe and Pain Free
It’s Better to Have it and Not Need
We grow to love our pets so much that they’re like family to many of us. So it’s a shame when we lose one of them to an injury or sickness because we can’t afford a medical procedure that would save their lives. Pets get sick or injured all the time so it could be worth investing in an insurance policy just in case you need it. This may be even more so the case if your pet is getting older and beginning to experience medical problems that come with age. There’s an old saying that goes like this, It’s better to have it and not need it than to need it and not have it. Take a look at the unsolicited comments below from pet owners about how pet health insurance could protect your family pet.