Is Pet Insurance Worth The Cost?

“Pet Insurance”, Nothing will start an argument on a pet forum faster than this topic.  The sides, those who feel it’s an indispensable part of pet ownership and those who think it’s an enormous waste of money, are very polarized on it’s value.

So if you’re on the fence about the value of pet insurance let’s take a look at the variables involved, like your financial situation, how many pets you have, how risk-averse you are, and some personal factors..  This will let you better weigh the choices in front of you and decide if a pet health policy is right for you.

Choosing The Right Pet Policy

Many pet owners want to have some basic accident coverage at the very least.  As this is the cheapest, and covers you when you need it the most.  When unexpected expenses strike.  Accidents can cost hundreds and even thousands of dollars, so it is nice to have this piece of mind.

Comprehensive pet insurance on the other hand covers everything from vaccinations to spays and neuters. While some people like the fact that most everything is covered, these policies are quite pricey.

Are you the kind of person who is disciplined enough to set up a savings plan and stick to it?  If so, a comprehensive pet policy may not be for you because with vaccinations, spaying, and neutering, you can plan and save for routine things like these.

Several magazines like Forbes and Reader’s Digest still do not think pet insurance is worth the price.  Keep in mind institutions like these are only weighing the dollars and cents of the matter.

What Do Your Pets Mean To You?

If you are the kind of person who thinks of your pets as your furry, feathered or scaly children.  If you’d do anything for your pet then pet health insurance is probably a must for you.

On the other hand, if you’re the kind of pet owner who is happy just owning “A” pet not “This” pet.  If you wonder why anyone would pay for cancer treatments for their dog then a pet health policy may not be a good expense for you.

Pet Health Insurance Bottom Line

Ultimately the choice is yours. If you are capable of coming up with cash quickly in an emergency, have the discipline to save or think of your pets as possessions rather than family members, then pet health insurance might not be worth it for you.

On the other hand, if you like peace of mind and don’t really save all that much money, at the very least a basic accident pet insurance policy might be worth it for you.

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