Pet lovers adore their furry companions. More than 50% of pet owners give their pets a Christmas gift. In 2020, the pet industry was valued at being worth $99 billion!
As much as we love our pets, there’s no way to know what the future will bring. Just like people, pets sometimes get sick with no warning. Unless you have money set aside for emergencies, an emergency vet bill can be crippling.
If a pet medical emergency happened today in your family, could you afford to pay for it? If you can’t afford to pay out-of-pocket for your pet’s medical expenses, having pet insurance can be a lifesaver.
What Is Pet Insurance?
Pet insurance covers the cost of emergency medical bills. It is a coverage plan, usually paid monthly, that can be used if your pet has a medical emergency. You pay a monthly premium to your insurer. If something happens to your pet, the insurer will reimburse what you spend.
Pet insurance accepts all breeds and ages. You should try to get insurance while your pet is young and healthy, but older pets also qualify. You can buy insurance for your pet regardless of age. Premiums are higher for older pets.
Here are three giant benefits of having pet insurance for the fur babies in your family.
Peace of Mind
Pets are such an important part of our families. They are our most trusted companions. We include them in family pictures. We would be devastated if they had an emergency we could afford.
It is easy to forget how expensive pets can be when they are healthy. If your pet gets sick or injured, your vet bills could triple overnight. When you have pet insurance, you know that medical emergencies are covered. You know that your pet will be taken care of.
Easier to Budget for Pet Care
Insurance can be paid in many ways. Some people pay monthly. Others pay quarterly, or twice a year. You are spreading the cost over several months, so budgeting for pet care is much easier.
You also won’t have to dip into your savings for emergency pet care.
Choose Your Veterinarian
Pet insurance allows you to choose the vet you want to treat your pet. No referrals are necessary. The cost of care is covered at all pet hospitals, even emergency clinics. Insurance also covers special hospitals that are open after-hours, on weekends, and on holidays.
Tips for Getting Pet Insurance
If you are considering pet insurance, it’s important that you find a policy that works for your family. Policies have different costs. They also cover different things. These tips can help you choose the best policy for your pet:
- Ask questions about what the policy actually covers.
- Understand the different plans available.
- Look at several providers and compare prices.
- Research the discounts available in your area.
- Research the insurance company.
Consider getting pet insurance for the fur baby in your family. It could one day save your pet’s life. Read this on pet insurance to answer any questions you might have.