We all love our pets and want to make sure they have the right and proper care for them. However, it can be tough to take care of them with the high costs of a veterinarian.
That's why pet insurance can help. Like people insurance, pet insurance is a protection plan that allows you to pay a monthly or annual premium in exchange for predetermined benefits that are paid out as a result of insurable incidents such as accident or illness. And while some plans focus on major medical protection or injury coverage, there are others that can provide benefits for preventative care like shots and annual exams.
Here are three reasons why:
When You Wouldn't Be Able to Cover Expenses Otherwise
One of the biggest reasons many people pass on pet health insurance is because it's yet another monthly bill to add the pile of expenses. However, it's important to ask yourself: In the case of a sudden emergency or illness, would I be able to come up with the money to save my pet's life?
For instance, while pet insurance might cost $20 to $50 a month, depending on various determining factors, a case of intervertebral disc disease (which is fairly common) could cost as much as $3,000 to treat.
When Risk Is High, and So Is the Worry
Some cats and dogs spend most of their lives in or around the house, away from risks of disease or injury. Others, like "outdoor cats," put themselves more often in harm's way. When worry is a reality that occupies your mind for good reason, it can understandably tilt you in favor of carrying pet insurance.
When You've Made a Big Investment
Every pet that comes into your home represents both a financial and emotional investment. However, there are certain instances that may better warrant purchasing pet insurance. When you've spent thousands of dollars on the cost of a dog, or are planning on responsibly breeding, you have a lot more at stake financially. If you would consider expensive medicines and cutting-edge procedures to keep your pet in top shape, pet health insurance can limit the risk of hefty out-of-pocket expenditures that might otherwise cripple your financial flexibility.
Now that doesn't mean pet insurance is the option of choice for every pet owner. It's important to look at your own situation and decide if it fits your budget and needs. But pet insurance can be a big help for that very important, four-legged member of your family. Contact Synergy insurance Services today if you'd like to learn more about protecting your pup!