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5 Benefits of Pet Insurance You Haven't Thought of
Most pet owners consider their pets as members of their family; they eat with them, sleep with them, and love them just like they would for their other loved ones.
With that said, it makes sense to also protect your pets, just like you would for your children or spouse. One way you can do this is by purchasing a solid pet insurance plan for them.
Tons of people have health insurance for themselves and their family. Yet, not enough people are insuring their furry friends.
Health insurance can save you thousands of dollars on your medical bills every year. Well, pet insurance does the exact same thing. By paying a monthly premium, your bills are covered.
The specificities behind pet insurance differ from plan to plan, but generally, there are two coverage plans to choose from: accidents-only or accidents and illnesses.
As the name implies, accidents-only plans only offer coverage for physical injuries. On the other hand, accidents and illnesses plans cover both injuries and illnesses.
Whichever you plan you choose, you can expect to save some serious money and headaches on your vet visits. There are a ton of benefits to having pet insurance that you probably haven’t thought of. To learn more about insuring your pet, keep reading below!
We all know that vet bills are expensive. However, few people realize just how expensive they are until they’re hit with a hefty bill.
The reason that vet bills are so pricey is because a lot of the same treatments and tests used for humans are implemented for pets. For instance, if your pet breaks their leg, they may need an x-ray, which would cost similarly to an x-ray for a person.
With pet insurance, you’re able to save on procedures like these, as well as ultrasounds and treatments for illnesses like cancer. You can also save on emergency care and hospitalization, as well as on medications.
Your vet bills can increase exponentially if your pet runs into a serious accident or illness. If your pet needs surgery, it could cost you thousands, if not tens of thousands of dollars.
Another major cost is if your pet suffers from a chronic condition. If your pet regularly needs a particular treatment or mediation, it’s a no-brainer to invest in pet insurance.
Peace of Mind
One of the greatest benefits of having pet insurance is the peace of mind it gives you. With a strong plan behind you, you can focus solely on your pet’s health, instead of the vet bills.
Unfortunately, a lot of pet owners will cheap out on their pet’s quality of care, in order to save a few bucks. Put simply, pet insurance allows you to feel confident when you’re at the vet.
Most importantly, you don’t have to stress out about something happening to your pet. If something does go wrong, you’ll be covered and be able to get them the help they need.
Typically, the bulk of high vet bills come from accidents and illnesses. Consider this scenario: you go to the vet for a routine checkup, expecting to only pay $50 for the exam fee. Then, the vet finds something wrong with your pet. You end up leaving with a bill of thousands of dollars.
As extreme as this situation may sound, it is quite common. That’s why it’s so crucial to invest in pet insurance now, before anything potentially happens.
Choose Your Vet
Another perk of pet insurance is that you can choose your vet. Pet insurance brands typically have a network of vets that you can choose from in your area.
In addition, pet insurance allows you to see a specialist without the referral of a doctor. During after hours and holidays, this benefit is huge, as specialty hospitals are the only ones open.
One of the major drawbacks of pet insurance is paying for services you don’t need. What most fail to realize though, is that a lot of pet insurance brands let you build a customized plan.
If you just want coverage on general wellness checks and accident prevention, you can find a plan that does that. If you’re looking for help paying for your pet’s medication, you can find a plan for that as well.
There are even plans that offer coverage on grooming, behavioral treatments, death costs, and more. Despite the limited labels of “accidents-only” and “accidents and illnesses,” pet insurance actually offers a lot more!
Treating Chronic Conditions
If your pet suffers from a chronic condition, it is practically necessary to buy pet insurance. With a chronic condition, your pet will likely need treatment and medication regularly.
Instead of paying for these things out-of-pocket, you’re better off just paying for coverage. It makes even more sense to buy insurance if your pet is young and you expect to pay for these expenses for the rest of their life.
Keep in mind that some plans require you to purchase a rider to cover additional services. A rider is an add-on that insurance brands use to provide additional coverage outside of their usual plans.
This article does not necessarily reflect the opinions of the editors or the management of EconoTimes