Pet Insurance: Is It Right For You?

PetsDogs

  • Author Amanda Mclean
  • Published May 26, 2011
  • Word count 581

Many of us manage our risks by getting insurance, whether it is medical, life, or auto insurance. Risk management should be an essential part of everyone’s financial planning and having pet insurance should be a part of that list. If an unexpected illness or accident comes your pet’s way, having pet insurance coverage for them would help decrease that expensive vet bill.

Pet insurance is a health insurance policy for your pet. Whether your companion is furry and four legged, or slithery and reptilian, there are many types of pet insurance policies out there. However, the most common, covered by pet insurance are cats and dogs. Many pet owners hope that they will not need pet insurance coverage for their pets, but the unexpected does happen. When dealing with pets, more so than not, medical care is needed suddenly and costs can soar into the thousands of dollars. Being prepared with pet insurance coverage would substantially decrease the medical costs for you.

Pet insurance popularity has rapidly increased in the past few years, resulting in less pets being euthanized. When not having to struggle with the decision of saving your pet due of finances, more pets are able to come home and recover from often simple, yet extremely expensive medical procedures. Having pet insurance in these cases would be a savior, especially if you are unable to pay that sum of money for your beloved pet.

Enrolling your pet with pet insurance is beneficial whether they are old or young. If you have a younger pet, it would be useful to enroll them with pet insurance because they may be more accident prone. Younger pets tend to be more mischievous and having pet insurance would ease those financial worries when a trip to the vet is required.

Older pets are more susceptible to medical problems, and getting pet insurance before they occur would be ideal. If you know for a fact that your pet will require many vet visits, pet insurance may be right for you. Some pet insurance companies even cover older pets that may develop common conditions such as hip dysplasia, diabetes, or even cancer. Long term treatments for these are very expensive and having a pet insurance policy that may cover a large portion of those costs would be extremely helpful. Having pet insurance would save you the financial burden and keep your pet healthier and properly treated.

It is important to research pet insurance companies, pet insurance policies, and understand what will be covered in case your pet was ever in need of medical attention. Pet insurance companies differ in their policies and have different limitations on many conditions. Some pet insurance companies simply do not cover certain conditions. It is extremely important for pet owners to look for pet insurance policies that would satisfy theirs and their pet’s medical needs. Understanding and comparing pet insurance policies is crucial prior to purchasing a pet insurance policy for your pet. Doing so will help avoid an unpleasant surprise later down the road if your claims are ever denied.

Having pet insurance is very similar to buying extended warranty on your car; however, you would have a better idea when you would actually need to use your pet insurance, such as when your pet grew older. Pet insurance may not be for everyone, but if you have an older pet with congenital or hereditary problems, or mischievous young one, pet insurance may be beneficial to have.

Amanda McLean is a pet lover and internet journalist that strives to provide the best care possible for her pets. For pet-related information, visit http://www.petinsuranceboston.com

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