When your favorite pet gets sick or injured unexpectedly, pet owners are willing to go that extra mile to make sure they feel better. As part of Daily Mom’s celebration of pets this month, let’s look at the benefits of insuring our furry family members.
A trip to the veterinary clinic can quickly skyrocket when care leads to costly surgery, medication or even an overnight stay. The steps to make Sparky better can leave you wondering how you ended up with a debt the size of a small mortgage. Pet insurance can assist you in managing the costs associated with high quality veterinary care.
When your pet suffers an unexpected illness or injury, there are many factors that must be weighed to determine which treatment option is best suited for the individual pet and owner. These factors include the likelihood the pet’s condition will improve, the local vet’s expertise, and how well the cost of treatment will fit into the pet owner’s household budget. Unfortunately, the most potentially successful treatment options are also the most expensive which leads to many pet owners declining the treatment due to budgetary constraints.
While most experts agree that pet insurance is not for everyone, here are 4 reasons why pet insurance may be right for you and your family:
1. Provides peace of mind
When pets get ill or are injured there is not much that pet owners can do but seek the help of a veterinarian. Having a pet insurance policy can alleviate the worry of dealing with the unexpected costs associated with expert vet care. Instead of worrying about how you will pay for your pet’s injury or illness, you can focus on the treatment options available to your pet.
2. Saves money during emergencies
One of the most important benefits of pet insurance is that it can help save a pet owner money. This is especially true when your pet suffers an expensive health problem or is unexpectedly injured.
Veterinarians can now treat a wider range of diseases and conditions, which are leading to pets living longer than ever. With these advancements, the cost of veterinary medicine is rising and as a pet owner you are likely to encounter a high vet bill at some point in your pet’s life. A serious accident or a cancer diagnosis can rack up thousands of dollars in vet bills, but having pet insurance can make it possible to treat your pet without going into debt.
3. Helps eliminate euthanasia
One tragic result of an unexpected injury or illness to your pet is the heart-breaking decision to euthanize your pet because the cost of treatment is too costly for your budget. A decision like this can be very difficult for not just the pet owner but for the entire family.
Knowing that the injury or illness is treatable, but financially an owner just cannot afford the treatment sometimes leads to euthanasia. Pet insurance can help ensure that you and your family do not have to be placed in such a difficult position.
4. Customizable coverage
There are lots of pet insurance companies to choose from, and all of them offer a variety of policies and coverage. These policies cover all types of vet care, from annual checkups and immunizations, to long-term treatment and rehabilitation. Unlike the early days of pet insurance, today you can choose from different deductible amounts and coinsurance.
You can also choose from basic accident-only insurance or comprehensive policies that can include everything from treatment for injuries to dental care. Depending on which company you go with, some policies include prescription foods or alternative therapy, such as acupuncture or chiropractic care.
As with any insurance policy, companies and policies differ in their terms and conditions. Before making a decision to cover your pet, be sure to read the policy thoroughly and get answers to all of your questions. Most policies have clauses that include:
- Excluding pre-existing conditions
- Insisting that you continue to pay premiums for the remainder of the policy period if your pet dies after you make a claim
- Placing restrictions on which accidental incidents are covered under the policy
Depending on coverage requested, pet insurance policies can range from $130 to over $1,300 a year. For many, pet insurance offers peace of mind and allows pet owners to provide the best treatment options possible for their pet.