Last week, Meredith Blake posted an article over at MainStreet.com on pet insurance titled "How Much Do You Love Your Pet?" . MainStreet is the online addition to TheStreet.com where Embrace has been covered before in an article on pet spending (we're such media hounds - LOL)
...But does pet insurance make sense for you? It all depends on the attitude you have towards your furry friend. “There’s a subset of pet owners who treat their pets like their children," says Bennett. "If you’re the kind of person who would pay whatever it takes to make them better, pet insurance really is for you. If your pet’s disposable, then it’s not. You have to ask-are you a pet owner, or a pet parent?”
Bennett stresses that insurance is really intended for unexpected medical emergencies—the animal equivalent of “catastrophic coverage” for humans—and generally is not designed to cover routine check-ups or basic preventative care. For most pet owners, it makes more sense to pay out of pocket for these occasional visits. What becomes prohibitively expensive are the unexpected mishaps, like an infection or a broken limb. And as advanced treatments like CAT scans, prescription drugs, and specialized surgery are becoming more available for pets, it’s easy to rack up thousands of dollars in veterinary costs.
“It used to be if your dog got cancer, there wasn’t much you could do. Now there are all sorts of choices,” explains Bennett. This might be great news for your pet, but it can be catastrophic for your budget.
They go on to talk about an experience that Wendy Wilcox, one of our Embraced pet parents, and Termyte her cat had with Embrace's insurance. We couldn't ask for a better testimonial from Wendy if we tried.
Wilcox would do it all over again, even if Termyte hadn’t gotten sick. “I don’t want to have to decide, ‘Am I going to put them down, or am I going to spend the money?’”
Read the full article for more...
BTW, I thought it was funny that one of the tags for the article was "Howard Stern"! You'll just have to go read the article to find out why.