Pet insurance is not for everyone. Consider this: What would you do if you were faced with the choice of paying an unexpected, expensive vet bill or putting your dog or cat down? Some people would just put the dog down and pet insurance would probably not be a benefit (although I always follow up with the question: What would your spouse and kids think about that? and people often rethink their answer.)
If you are like many pet lovers though, you will do whatever it takes to make your pet well or comfortable, even to the point of financial difficulty. We all know of stories of people who have spent thousands of dollars on their pet’s health, even when they didn’t have the money to spare.
Instead of pet insurance, you could budget a few dollars every week in a separate account and pay the vet bill when something pops up. This is certainly a step towards taking care of the unexpected but how many of us would actually put that money aside? If you're like me, there are always other places to spend those saved dollars and it's hard to be disciplined. In addition, what happens once that pot of money has been used up? Fixing a broken leg for a dog can cost over $1,000 so it’s not inconceivable that you could use up all the money on one accident or illness, only to be faced with another one sooner than the pot can grow again.
So, for those unexpected and expensive health issues, pet insurance is certainly worth a look.
Why not check out Embrace Pet Insurance to get a head start on your research.
