Pet insurance seems like a win-win for everyone involved, you, your family, and your furry friend. Your vet, of course, recommends it and you want nothing but the best for the pet in your life, so you’re considering it, but may still be on the fence about committing to spending more money on insurance every month.
Plus, pet insurance can be a little difficult to navigate, so if you decide that your veterinarian is right, and you need to pick up a pet insurance policy for your dog, cat, or other animals, then you need to compare rates to see which has the best deductible, rates, and other insurance-related things. If you are still wondering whether to find a pet insurer and get a policy, read on below for a few of the pros and cons to help you make an informed decision.
You can choose your vet.
When your pet develops an illness, the last thing you want is to have to rush from one place to another to find a vet who will treat him for a discount. With pet insurance, you get to choose the vet you want to take care of your furry friend. Unlike insurance for humans, you don’t have to visit a veterinarian who is in your network. As a pet owner, you can take your pet to any clinic, emergency vet, or hospital you choose to.
The deductibles are low.
Again, unlike human health insurance, the deductibles for pet insurance are really affordable. The deductibles average anywhere from $100 to $200 a year, according to the pet insurance policy you have and the company you’ve chosen to go with. That’s why it’s important to compare rates before making a final decision.
Expensive treatments are more affordable.
Whether it’s a treatment for arthritis, other than using pet relief CBD oil to help manage the pain, cancer treatments, or some other form of expensive treatment that pets often have to have, especially as they get older, pet insurance will make it much more affordable. There are exclusions to these rules, though, so make sure that any medications or supplements (like CBD oil for mammals) are covered, not just wellness care and regular vaccines.
As a pet parent, you want only the best treatment for your pet, from healthy paws to a shiny coat. Pet insurance can give you peace of mind that you’re able to take care of your pet the way you have always wanted to.
It can get expensive in the long term.
As with anything else, a pet insurance plan can get expensive in the long-term. As with human health insurance, you’re apt to pay a whole lot more than you’ll ever get out of it. In fact, many pet parents choose to start pet savings account to fund emergency visits to the vet to avoid paying monthly premiums.
Pre-existing conditions aren’t covered.
Just like with many human insurance policies, pre-existing conditions or illnesses aren’t covered under many pet insurance plans. If your pet has been dealing with a condition all their life, it might be better to just start a personal pet fund to help pay for visits instead.
It’s hard to get insurance for some pets.
Sadly, there are many pets out there that can’t be insured, which means purchasing any type of pet insurance policy will not help them at all. It’s best to begin coverage when your pet is very young because dogs who are 10 years and older will not be given a policy. It’s also possible that you might have a problem getting a policy on some breeds who are prone to certain diseases.
These are just a few of the pros and cons of pet insurance for you to ponder before you make a final decision. Do your research, compare the rates, and then make the decision that’s best for you and your furry friend.