5 Reasons To Buy Pet Insurance | PetFirst
Pet Care & Health

5 Reasons To Buy Pet Insurance

by PetFirst Pet Insurance
2 years ago

Pet parents will pay whatever it takes to keep their beloved fur babies healthy and happy. This is evidenced by reports showing pet parents spent more than $60 billion on their pets in 2016; a figure that has risen annually since then. Pet parents will do what we can for our dogs and cats because they are our family members, are always there for us, love us unconditionally and are always a purr or a tail wag away.

Simply stroking your pet and snuggling him or being greeted by her when you come home from a long day at work or a harrowing commute helps melt away the stressors of the day. Because of that it’s no stretch to say our companion animals have been elevated to the status of “fur kids” or “fur babies” by many. Pet parents will scrutinize food labels for their dog and cat food more than they do for themselves. They also buy treats, clothing, bedding and toys without a second thought, yet the investment in pet health insurance policies has not kept pace with other pet centric spending.

Fewer than 5% of dog owners and fewer than 1% of cat owners carry pet health insurance policies.

When a pet emergency strikes, how financially prepared are you?

No pet parent wants to be in the position of having to pay the mortgage or have a potentially life-saving procedure performed on his pet. Veterinarian bills for an ill or injured pet can easily sky rocket to thousands of dollars, but even unexpected veterinarian visits that run into the hundreds of dollars can be financially problematic. As pet parents, it is our responsibility to do what we can for our pets to assure they live long, happy, healthy lives.

Did you know: 

  • Every six seconds a pet owner faces a vet bill of more than $1,000
  • Every two-and-a-half seconds, in the US, a pet receives emergency medical care
  • One in three pets requires emergency vet treatment annually
  • More than $15 billion will be spent this year, by US pet parents, on veterinary care alone

To alleviate stress and assure your dog or cat can receive the care she needs, investing in pet health insurance policies brings peace-of-mind and that is something you simply cannot put a price tag on. However, many pet health insurance policies are budget-friendly.

Here are 5 reasons to buy pet insurance:

Companies like Pet First Pet Insurance provide myriad benefits for pet parents who want to insure their pets.

Age and breed concerns. We don’t discriminate against specific breeds or the age of your pet. It is more cost effective for a pet parent to buy a pet insurance policy when the pet is young because the premiums will be lower. If you’re adopting an older dog or cat, though, we certainly want to make certain your new family addition can be insured and that’s why we don’t have any age cut-off limits. 

Veterinarian of your choosing. We never want to make a pet parent choose a different veterinarian to care for her pet. We allow you to pick your own veterinarian for your pet and that adds to your peace of mind – having your pet cared for by someone in whom you trust. If your pet suffers a health emergency or illness you go to your veterinarian then provide the bill to the insurance company for reimbursement of qualified expenses under your Pet First policy.

Budget conscious options. It is easier to afford an unexpected expense if you have budgeted for it. When you invest in a pet insurance policy, you pay a monthly, quarterly, semi-annual or annual fee – which ever fits best into your family finances and then you rest assured if a covered expense arises your pet will be cared for and you won’t have to worry about where the money will come from. Being proactive is the best way to care for your pet.

Peace of mind. Priceless – that’s the dollar amount you can put on peace of mind when you have a pet insurance policy. When you have dog insurance or cat insurance you can choose the treatments your injured or ill pet requires based on the best medical options available; you won’t be restricted on the care your pet will receive based solely on family finances. As a general rule, most pet insurance policies reimburse for covered veterinarian expenses up to 80% of costs after you’ve met your deductibles.

Family emergency fund remains untouched. Many families have emergency funds set aside in the event of a job loss, a housing emergency or major housing repair like replacing a furnace or a roof, but not many families set up a pet emergency savings account.  Setting money aside in the family emergency fund requires discipline to deposit into it and to not dip into it when other emergencies arise. When you invest in a pet insurance policy, you budget for the premium just as you would for any household bill and rest assured knowing your investment will protect your beloved fur baby.

Just as families insure themselves and their children in the event of a health crisis, pet health insurance should be looked at in the same manner. Consider this: A pet insurance policy could save, or even extend, the life of your pet. A pet insurance policy gives you the peace of mind to authorize medical treatment your dog or cat needs should he develop cancer or require emergency surgery.

When shopping for a pet insurance policy for your dog or cat, here are some questions to ask:

  1. Does my pet need a physical exam to get coverage?
  2. Is there a waiting period before coverage kicks in?
  3. What percentage of the vet bill is covered, after we’ve met the deductible?
  4. Is there a cap in annual payouts for vet bills?
  5. Will the policy cover a pre-existing condition?
  6. What if my dog or cat has recurring or chronic medical issues? Is that covered?
  7. Can I choose any veterinarian?
  8. Will prescription drugs be covered under the policy?
  9. Am I covered if I travel with my pet and need to use an emergency vet clinic?
  10. Will the policy pay the vet bills if my pet is being treated, but ultimately dies?

If you’re making a resolution to assure your pet’s health this year or if you’ve recently adopted or brought a new puppy, dog, kitten or cat into your home, find out what pet insurance will cost. 

Robbi Hess is a full-time pet blogger and multi-published author. She shares her life with a diva Poodle, a goofy Goldendoodle, two Devon Rex, a senior ginger kitty and three reptiles!

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