While any pet owner will tell you that they value their furry friends, not everyone will agree that having pet insurance is a must. If you would like to avail of pet insurance but are unsure as to which plan is right for you, the factors that you need to consider are: your current financial status, the number of pets you have, unfavorable risks, plus some personal variables. Taking these elements into account will help you decide which policy suits you and your pet the best.
Basic plans cover accidents and are relatively cheaper. Many owners opt for this type of pet insurance plan to ensure that their pets are taken care of in the event of an emergency. Since unanticipated expenses due to accidents can sometimes go as high as thousands of dollars, basic plans give pet owners peace of mind.
On the other hand, comprehensive plans cover more areas such as spays, neuters, and vaccinations. This type of plan is also popular among pet owners because it is more complete, though obviously more expensive.
If you’re good at handling your finances, a comprehensive pet insurance plan may not be for you. You can schedule your pet’s vaccinations and other checkups yourself, and allocate your budget for them accordingly. In this case, a basic plan will be more appropriate.
Some publications such as Forbes and Reader’s Digest have expressed that pet insurance policies are not worth spending on. Some people treat their pets like their own children and spoil them, while others are mellower.
Ultimately, availing of pet insurance is a decision that varies for each pet owner. Will you be able to get hold of cash quickly in case of an emergency? If your answer is no, then you may want to invest in a pet insurance plan, as it will prove to be helpful should something unfortunate happen. Keep in mind to pick an insurance policy that best meets the needs of you and your four-legged friend.