With the cost of veterinary bills rising there has been a recent surge in the number of people taking out health insurance for their pets. When you consider that most pets are probably going to suffer from an illness or accident at some point in their lifetime it is a good idea to have coverage. After all your pet is worth looking after because they are one of the family too!
Without coverage an accident or illness can be very costly and you could be faced with a difficult decision (especially if you have children). In an emergency timely decisions must be made and cost should not have to be a factor. The following are examples of the cost of some pet treatments;
- Cancer $5000+
- Heart Conditions $4000+
- Surgery to repair accident damage $3500+
- Kidney Failure $3000+
- Surgical removal of foreign body (pet swallows something inedible) $2000+
While these might be extreme examples there are no guarantees in life. Most pet health insurance policies will cover the above events (and many more), but it is always a good idea to do some research and compare the different policies. It is also a good idea to read customer testimonials and ask questions of friends and family with pet insurance. There are also some great online sites that will help you compare pet insurance policies by price and features.
Just like regular health insurance there is a waiting period for pet insurance (including pre existing conditions). This will vary between insurers and is also something worth researching. Most insurers also have tiered plans to suit any budget so it might be more affordable to have pet insurance than you think!