When we are suffering from a cold or just having a bad day, the one who helps us feel better is often just a tail wag or purr away. It goes without saying that our dogs and cats are full-fledged family members. According to the latest American Pet Products Association’s Pet Owners Survey, Americans spent over $15 billion on vet care in 2014; yet only 4% of dog owners and 1% of cat owners carry pet insurance policies.
“It’s puzzling why we are a nation so in love with our pets, yet so slow to embrace the concept of pet insurance,” said Kristen Lynch, executive director of the North American Pet Health Insurance Association (NAPHIA).
You wouldn’t think of not insuring yourself or your child, but what about the four-legged members of your family? If you’re like most pet owners, you’ve probably heard about pet insurance but don’t know too much about how it works, whether it would work for you or whether it’s worth the cost.
Here are 5 things that make pet insurance a worthwhile investment:
1. You’ll Never Have to Decide Between Your Wallet and Your Pet
More and more veterinary treatment options available for sick and injured pets every day. That’s great news—though it comes at a cost. As a pet owner, deciding whether or not to have a major surgery or procedure on your furry friend is one of the hardest things you will have to do. By having pet insurance (most policies reimburse up to 80% of costs after deductibles), you can take the financial aspect out of the equation so you can focus on your pet’s care—not the cost.2.
2. You Can Pick Your Plan
Depending upon your pet’s age and breed, pet insurance can be tailored to fit your budget and your pet’s needs. The options vary greatly – from major accidents, hereditary and congenital conditions and behavioral issues to simple vaccinations and checkups.
3. You Can Pick Your Vet
Unlike human health insurance, with pet insurance, you can pick your provider. Choose your current vet or from any licensed veterinarian in the US or Canada—you can even go to a specialist or an emergency clinic.
4. It’s Easy
Most pet insurance companies make it as painless as possible for you to be reimbursed. Here’s how it typically works: you pay the vet, send in an itemized receipt from your visit and, within a few weeks, you’ll receive a check for part or all of the costs from that visit.
Each company differs slightly when it comes to protecting your pet, however pet insurance works on the same basic principles as most other forms of insurance (minus the copays – phew!) We can help you compare policies and look at coverage and budget options to build a pet insurance policy that works best for your entire two-legged and four-legged family.