Do I Need Pet Insurance?
We want to keep our furry friends happy and healthy, but sometimes those hefty vet bills can dent our savings. That’s where pet insurance comes in. Just like human insurance, pet insurance can cover medical bills for our furry friends. But, there are a couple of key differences from human insurance. Keeping reading to learn more about pet insurance
What is Pet Insurance?
Pet insurance is a special type that can cover different types of medical bills. Nearly 4 million people in the United States use pet insurance in 2022, and the number is only increasing. Pet insurance can help cover medical bills you can’t afford otherwise. This can also come in handy if your pup takes a lot of trips to the vet. There are two main types of pet insurance, accident pet insurance, and accident and illness pet insurance. This blog will mostly discuss accident and illness pet insurance, as that is the most common insurance plan.
What Does it Cover?
Pet insurance can cover most medical bills Fido can accumulate. These include emergency care and surgery, sickness, and hospitalization. However, pet insurance doesn’t cover everything. Dietary supplements, grooming, and experimental treatments are not covered. Most importantly, pre-existing conditions are also not covered. This means vet bills will not be covered if Fido has already been diagnosed with a chronic or terminal condition.
How Much Does it Cost?
Pet Insurance has a wide range of costs. According to the Forbes Advisor analysis, pet insurance for dogs is about $528 per year. This is based on $5,000 in annual coverage with a $250 deductible and 90% reimbursement level. This means you can accumulate a maximum of $5000 in vet bills per year. But your overall costs can depend on many factors. This includes breed, age, gender, and location.
Is it Worth It?
It depends on your personal situation. If your dog is young or relatively healthy, you should go for it. But, if Fido is chronically ill, older, or has preexisting health conditions, pet insurance might not be the best decision. Make sure to research what type of insurance is best for you and your finical decision.
We know your dog’s health is your top priority. So, ensure your insurance plan is the best for you and your pup.