Is Pet Insurance Right for You?

Our dogs and cats are like family - we want the very best for them, whether it's nutrition, grooming, boarding or health care. While we do our best to keep our pets safe and healthy, our best friends are still prone to accidents and illnesses. Veterinary care has evolved greatly, and many more advanced and sophisticated treatments are now available for pets. This is great news, though along with this progress can come greater cost. Because of this, more pet parents are looking into pet insurance.

Like the health insurance we have for ourselves, pet insurance is designed to help pet parents better afford veterinary care when their pets are hurt or sick. The North American Pet Health Association estimates that a serious pet illness, while rare, could cost a family about the same amount of money as a mid-size luxury car. Much more common accidents and illnesses can still add up to vet bills in the hundreds or even thousands of dollars.

Who Buys Pet Insurance?

Less than 5% of U.S. pet parents currently have pet insurance*, but in other countries pet insurance rates are significantly higher. Why? In the U.S., pet insurance is relatively newer, having been available for only about 20 years. However, it’s growing quickly as more consumers learn about it. Is pet insurance right for you? The decision is just as personal to a family as is the dog they have chosen to bring into their lives.

What Does Pet Insurance Cover?

When you’re looking to buy pet health insurance, the right policy choice depends largely on your coverage and budget needs. Typically, pet insurance plans cover injuries and illnesses. Some plans also have coverage available for wellness care, like annual exams, vaccines, flea control and dental cleanings. With most pet insurance plans, customers pay their veterinarian for services, and then file a claim to be reimbursed. Most plans have a deductible and co-insurance that apply to reimbursements.

How Do I Learn More?

Ask your veterinarian or friends and family if they have a pet insurance recommendation. Also, get your veterinarian’s advice about what kind of coverage your pet may need. For example, is he prone to certain kinds of hereditary conditions because of his breed? You may want to consider learning about a plan with coverage for these conditions from brands like ASPCA Pet Health Insurance. Pet insurance can help you give your pet the best care possible in times of wellness and unexpected events.

*2011-2012 APPA National Pet Owners Survey Statistics