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| Pet insurance – do you need it? |
| If you are the type of person who would spare
no expense in getting your sick dog or cat the treatment
he/she needs, then pet insurance may be for you.
But what should you look for? And how much will
it cost? The answers vary.
It’s important to shop around for an appropriate
policy. There are many differences in deductibles,
co-pays and caps, so be sure to scrutinize each
policy to get a clear understanding of your benefits
before committing to one plan. The cheapest policy
is not necessarily the way to go, as it may exclude
many treatments or cap expenses at a much lower
level than you expected. In addition, note that
pre-existing problems or hereditary conditions,
such as hip dysplasia in certain breeds, may be
excluded by most insurers - no matter what the
cost. Annual premiums can range, on average, from
$100 to $500, depending on the age of your pet
and the type of coverage you want. Although the
cost for some may seem high, if you want peace
of mind (especially if recommended procedures exceed
your means) then pet insurance may be a good option. |
