Sunday, March 20, 2011

Advantages And Disadvantages Of Purchasing Pet Insurance

When our pets get sick, we want to provide the best health care possible. But how do we know if hospitalization, treatment, and medication would cost about $3000.00, possibly more? Pet insurance allows pet owners to have options on how they could provide better for their pets. After all, our pets are not just animals around the house; they are our companions.

In the United States, only 3% of Americans have insurance for their pets. This is low compared to other countries such as Canada which has 19% of pets insured and with Sweden with an outstanding 49%.

A lot of pet owners are undecided as to whether getting pet insurance would be able to benefit them and their animal companions. Let’s understand the advantages and disadvantages of getting pet insurance so we will be able to guide ourselves in making the best decisions.


The gist of having a pet insurance policy is to make sure in case of medical emergencies and accidents, your pets are well provided for. When unforeseen circumstances happen, it would be difficult for the pet owner to immediately come up with a large amount of money. How many pet owners were forced to touch their personal funds for the sake of their pets?

Depending on the kind of insurance plan, coverage could also include vaccinations, spray, neuter, and even flea medications. Veterinary costs are increasing rapidly. There are already sophisticated medications that could deal with your pet’s sickness. Therefore, having pet insurance could actually save your beloved animal from euthanasia.

Aside from medical reasons, there are also insurance policies that could cover rewards, posters, advertising, and financial assistance for pet owners whose pets have been stolen. In these cases, insurance companies could even provide assistance in acquiring a new pet.

Another kind of insurance will be for kennels and boarding, which will answer the question of when something bad happens to the owner and nobody could take the pets in. This is a pet insurance policy that could help with the costs of kennels and boarding.


Some pet insurance policies tend to be overly expensive. However, there are pet insurance companies offering lower plans. You would just have to know what kind of coverage you would like in your plan so you can choose the appropriate insurance policy for your pet. Prices also tend to be different based on the animal and its breed. There are some animal breeds that would require expensive medical treatments; for example, when a big dog such as a German Shepherd has an injured hip, the treatment tends to be expensive.

Pet insurance policies are also very particular with pre-existing conditions. If your dog is sick and old, then you would probably have problems getting them on an insurance plan. Most insurance companies do not pay the bill upfront. What happens is that the pet owner would have to pay for it and then will get reimbursed after the fact.

There are times when the pet owner is not able to pay the entire costs for treatments. For this, there are vet clinics who would allow the pet owner to pay the bill in installments and the insurance company will fix the balance directly. Before a pet owner could take advantage of or use the insurance, there may need to be a wait period of a few days to two weeks before the coverage would start.

Thinking about it, purchasing a pet insurance policy definitely would have its pros and cons. It would definitely be your call as a pet owner if you would like to get an insurance policy for your pet, but it is important to always keep in mind our responsibility as pet owners as well as our pets’ welfare.

Save on your pet's medications at 1-800-PetMeds. We guarantee the lowest prices on Frontline, Heartgard, Advantage, and all your pet's health care needs. Free shipping on orders over $39.

No comments: