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Why Every Pet Owner Should Have Pet Insurance


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The pet insurance business is a billion dollar industry. That is a big change from where it was a few years ago. A big part of that change is due to owners realizing that pet insurance is the responsible thing to have. It is a lifetime of care for a dog or cat that will prevent you from having to take a second mortgage out on the house.

How Pet Insurance Saves Your Money

Pets get sick just like their owners. Simple injuries can total hundreds of dollars. An average person will have to sign up for a typical payment plan to take care of bills that are out of their budget. At that moment, they are in debt. None of this even takes into consideration that pets may need medicine or other materials after a major operation. All of these examples prove the importance of pet insurance and how it works as the middleman to get these costs down. Pets need insurance just as much as humans do- it just so happens than the industry was late in setting up competent options. Getting pet insurance should be treated as a life or death decision. If you’re in doubt, ask yourself how long you would last without having at least a halfway decent insurance plan for yourself.

Sometimes It Is An Add-on

The early forms of pet insurance were add-ons to current insurance. That is still valid for today, depending on the insurance company. If you have home insurance, check to see if their additional coverage offers pet insurance. You may find it is a lot cheaper than traditional pet insurance to bundle it this way. Bundling is a painless way to put all of your important information on one bill. Don’t think of add-on pet insurance as a second rate addition. Some of the features are really in-depth and rival solo plans offered by major pet insurance companies. Owners will also find that specific vets will be covered under the add-on insurance that aren’t available in other plans. Based on your needs, add-on pet insurance is a major hit or a major miss.

Filtering Out The Massive Competition

Now that the awareness level has exploded for pet insurance, multiple companies have put their hat in the ring. There are countless options to ponder when choosing a provider. The best advice when looking for insurance is to not be swayed by brand name alone. Even Geico offers pet insurance, but that doesn’t mean they are the best. Always go over options and prioritize payment amount, coverage and what vets are allowed in your area. Having to skip your closest vet to go to one further out may prove a pain. The insurance provider will give you a detailed list on which practices are covered under your plan, and may even detail which services they cover per practice.

There Are More Pros Than Cons

Paying for veterinarian bills is an easy way to get into debt if you don’t have insurance. When your financial goals don’t include pet insurance, you are doing yourself and your best friend a disservice. Find a provider that meets you needs, and stick with them just like your other insurance companies. As your pet grows and changes you will appreciate having a safety blanket that doesn’t endanger your financial freedom. Pets are not cheap to raise, and can be more expensive than children if you don’t plan ahead. If you are having trouble deciding on a plan, you can always ask a local veterinarian for recommendations. They will steer you in the right direction so that you never have to worry about being unprepared. 

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Erika Bailey

Head Writer

Head Writer for Wavez for 3 years. Currently living in NYC as i'm a huge foodie and have a passion for broadway shows.