Are the Benefits of Pet Insurance Worth the Extra Costs?
In a world where it seems like everyone wants your money, the idea of another insurance premium can make the skin crawl. Despite what seems to be yet another agonizing venture to strip hard-earned cash from your bank account, the benefits of pet insurance are worth the extra costs!
Our pets are our family. Many times, they’re a substitute for family. And caring for them should be just as important as taking care of a person.
Pets are our babies. It’s always a scary thought when something happens to our pets, and it is even scarier facing the reality that paying for our pets forces tough decisions that ultimately cause to heartbreak.
What is Pet Insurance?
Pet Insurance is an insurance policy that covers the cost of health-related expenses our pets incur. Depending on the policy, treatment costs pay out through a deductible or reimbursement when our furry friends are ill or injured.
Many times, an out of pocket expense is due after treatment. Then, you submit a claim to your insurance company, where they analyze and approve costs. Reimbursement payments then process and distribute!
Like other insurance policies, monthly premiums make up the arrangement. You purchase a policy like car insurance from a reputable company.
What does Pet Insurance Cover?
Going to the vet gets costly fast. Pet insurance can cover some expenses, either by having a deductible or a co-pay, as with human health coverage. Additionally, some policies work on a reimbursement system. When something happens, coverage pays the bulk of the expenses.
Also important is what the policy covers. Keep an eye out for the important stuff like:
Dental
Teeth can be critical in the health of your pet. Furthermore, not taking care of teeth can lead to infections, pain, and heart issues.
Preventative Care
Standard preventative care shouldn’t cost anything. It’s a critical component of keeping pets healthy! Therefore, pet insurance covers routine check-up visits!
Behavior & Grooming
Extras can be a nice touch for making sure your pet and family get along. Even if that means a shave every once in a while. Additionally, many pet insurances cover behavioral training. A must-have if you have children!
What Does Pet Insurance Cost?
Insurance policies for our pets depend on how the policy is purchased. Many employers now offer pet insurance benefits, and the cost could be anywhere from free to a few dollars out of the paycheck. In addition, a growing number of workplaces recognize their importance, adding these costs to FSAs.
Purchasing the policy as a separate premium is tad pricier depending on animal and breed, ranging from $25-$40 per month. Furthermore, be sure to check for exclusions on pre-existing conditions, as some companies don’t cover or charge extra for this coverage.
Are the Benefits of Pet Insurance Worth the Extra Costs?
The short answer is yes. Our pets are our family, and caring for them is just as important. The extra few bucks a month is well worth the savings of thousands of dollars should something serious happen.
Additionally, many employers have added pet insurance to their benefits packages, giving little excuse not to cover our loved animals. Policies are available for purchased at any time from an almost unlimited supply of companies; finding the best option for you is possible!
One thought on “Are the Benefits of Pet Insurance Worth the Extra Costs?”
Comments are closed.