Do I Need Pet Insurance?

Health insurance is something you can’t see yourself without. So, does your companion need insurance too?

What Is Pet Insurance?

Just like traditional health insurance, it is a financial safety net against accidents, illnesses, and other health threats for your furry friend. So, pet parents won’t be responsible for the entirety of the vet bill. This is especially great if you come across unexpected vet bills if your four-legged friend gets injured or sick.

How Much Does It Cost?

Similar to traditional insurance, you will pay a monthly premium for coverage, and the insurance doesn’t kick in until you have met your deductible.  Coverage prices, premiums, deductibles, and payouts will depend on the unique contract. However, on average, pet insurance is $40-$60 monthly. But, accident-only coverage and preventative care average $15-$25 monthly.

Is It Worth It?

Pet insurance covers treatment for all kinds of instances and accidents. Being a pet parent is already expensive. Also, the fact that things could go wrong at any time makes the financial cost even higher. So, pet insurance will help lessen that burden when accidents occur. What you pay in premiums can be much less than the total out-of-pocket cost without the insurance.

What Are Some Pet Insurance Brands?

Embrace, ManyPets, and Spot are all excellent pet insurance companies. Embrace offers great coverage benefits, covers exam fees, and has a 24/7 pet health line. Additionally, there is only a 2-day waiting period for accident coverage. ManyPets has unique and valuable coverage and competitive pricing. Spot offers a lot of room for adjustments to pick benefits that fit your needs and budget.

There are many other options out there. So, research and decide what plans fit your needs and budget best! We highly recommend pet insurance to help reduce the financial stress that already comes with being a parent to your fur baby.