Many people have never even considered pet insurance. They cannot picture the need for it. If you stop to think and do an out of pocket to pet insurance comparison of your expenses, you might be very surprised. Caring for your pets throughout the course of their life can either be very inexpensive or suddenly costing you an arm and a leg.
You need to take a look at the different offerings for pet insurance for your pet. The cost of pet insurance varies greatly among types of pets, breeds, and even locations. By doing a careful pet insurance comparison you can find an economic plan which covers all the basics, plus have you prepared for the unexpected accidents or illnesses.
Most insurance companies offer a wide variety of plans. The plans can be set up to cover only the high-cost emergencies or severe illnesses, or you can select a plan for more comprehensive coverage. As with human health insurance, the more options you choose the higher the monthly premium. The same is true of deductibles. Most plans start off with a deductible in the $50 range. You can choose to have a lower deductible, which raises your monthly premium, or a higher deductible to lower your payments.
It is important during your comparison of pet insurance policies to take a look at exactly what is covered. Some plans exclude certain conditions for particular breeds. If a breed has a well-known history of having major hip problems, then hip problems I am excluded. If you do not research the policy carefully you may have some very costly uncovered expenses in the future.
Prices for pet insurance will vary wildly. You can find policies for $20 per month and under offering basic emergency coverage, and you can find plans covering routine visits, cancer care, and every condition you can imagine. The higher-end policies can cost $50 per month and sometimes higher. If you believe these prices sound high, then stop to consider what you are going to do when your dog or cat has an accident. Your children are crying and want their pet treated. You suddenly are facing a potential vet bill approaching a thousand dollars for your pet. What are you going to do? If you had purchased one of the lower cost policies to cover accidents you would not be having a debate, you would just move ahead with the treatments.
Your pet insurance comparison should not be based only on costs of care, you need to evaluate the cost of your emotions. When you do not have insurance you may not be able to afford the care you really want your pet to have. The heavy emotional feelings of having your pet put to sleep when you know they could have survived is a heavy cost. Your confidence in caring for your pet and your wallet will benefit by choosing a quality pet insurance policy. You will not have the burden of breaking the bad news to your children, because you will be able to afford the care to save your pet.