Is Pet Insurance Really Necessary?

Insurance is one of those things you hope you’ll never need but it provides a safety net in case of the unexpected. It’s certainly something you’ll be glad you’ve got when things go awry, and this is very much the case with pet insurance. In the event that your animal experiences an accident or falls ill, veterinary bills can be exceedingly expensive, sometimes leaving pet owners with the difficult choice of whether to compromise between their ability to pay rent and bills and the health of their beloved animal. If you don’t want to be faced with such a difficult decision, then the simple answer is yes, pet insurance is incredibly necessary. It can be the lifeline you and your pet need to ensure that they get the appropriate care in order to remain healthy. If you are looking in to pet insurance, there are a number of factors you will need to take into consideration, including the costs, what it covers, and whether you breed of animals has any particular underlying needs.

The Cost

A veterinary bill can range into the thousands of dollars, with the average bill coming in between $1000-2000 and higher. Being slapped with a bill like that at an unexpected moment in time can have a huge effect on your finances but as your pet is likely to be part of your family, it’s an expense you can’t afford to avoid. Pet insurance can be purchased from as little as a few dollars a month and it can be invaluable if an accident occurs. More often than not, the pay outs will be far and beyond your total costs for insurance, making it well worth it in the event of a problem. Some pet insurance quotes even offer discounts for insuring multiple pets, meaning you can make even greater savings and protect all of your animals at the same time.

Type of Insurance

The type of insurance you will require will depend on the type and breed of animal that you own. The most common pets are cats and dogs, so insurance policies are widely available for these and highly competitive. If you are yet to choose your pet, it is wise to look into any pre-existing health conditions it may have so that you can be prepared for any associated costs these may bring over the years. Once you have this information, you can make an informed decision as to whether basic accident cover will suffice, or whether you may need to go for a more comprehensive plan that will cover your pet in the event of illness. Some pets also require greater levels of routine care, in which case you may benefit from opting for full medical cover. For breeds which are highly expensive, you may wish to get cover for loss or theft, whilst dangerous pets may require you to opt for liability coverage in case anyone else is injured by your pet. Insurance is an important part of being a responsible pet owner, so by understanding your pet’s needs and their potential pitfalls, you can utilise insurance to protect both your animal, yourself and those around it.

In conclusion, pet insurance is absolutely a necessary expense. Overall, you are likely to end up saving money, it will offer you peace of mind in case of an accident or illness, and it will protect your pet’s health regardless of your financial situation at the time.

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