Pet owners are truly a "breed" of our own! (And yes, I proudly put myself in that category as owner of a dog and two cats.) We would do almost anything for these goofy, lovable critters. But would you buy medical coverage for your pet? You might once you realize that it's much more than pet insurance. I consider it a way to return a little of that unconditional love my pet showers me with daily!
Having had the unfortunate experience of having a desperately ill pet, I can tell you first hand that having to decide against possible life-saving care because of the expense is truly heart wrenching.
We're Spending On Much More Than Pet Insurance
The amount of money we spend on our pets is astounding. We're talking over $ 40 BILLION last year! What are we spending all that money on? Well, of course, there's the usual things like food, boarding, routine vet care and grooming. And then there's all that frivolous stuff like monogrammed designer clothing, personalized food bowls, jewel-encrusted collars and the like. But very few pet owners in the US have opted for a pet insurance plan.
I know, insurance is a nasty subject with most of us. It feels like we're already shelling out money for something we may never even use (our own health insurance and car insurance for instance!) But for many of us our pets are like our children and we want to take the best care of them that we possibly can.
What Pet Insurance Covers
So to decide if pet insurance is something you might benefit from, let's take a look at the kinds of things a pet insurance policy might cover.
Some pet insurance plans offer full coverage, meaning that all accidents and illnesses are covered (usually excluding pre-existing conditions.) A Cadillac policy might also include breed specific conditions, cancer treatments, diagnostic testing, surgery, hospitalization and nursing care and even alternative therapies and rehab. Of course, you should also expect to pay the highest premiums for this type of coverage.
Most pet insurance companies offer additional riders so you can create a plan that best suits your needs. Those riders can cover preventive wellness care and dental coverage. And, your deductible will determine your premium level as well.
You need to comparison shop and read the policy thoroughly, just as you would do if you were buying medical coverage for yourself to assure you get what you need ..