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Is Pet Insurance A Good Idea For A Dog Or Not?

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Is Pet Insurance A Good Idea For A Dog Or Not?

Postby Conlon » Fri Sep 29, 2017 2:13 pm

I have a pug/beagle mix who will be 7 years old in a few months. I am thinking about purchasing pet insurance for him, one that will cover accidents, injuries, and illnesses, continuous care, even hereditary diseases and preventative services/vaccinations and yearly vet visits.

He hasn't had any health problems so far, so there wouldn't be any "pre-existing" conditions to exclude.

There will be a 200 dollar deductible that has to be met yearly, and then after that they will pay 80% of any vet bills he has.

Is this a good idea? Or will it end up being pointless?

The way I see it is, you never know what could happen. He's almost 7 years old, and he could develop some illness or condition as he gets older, I have heard a lot of dogs do. And I would only be paying about 250 a year in insurance premiums.

I have heard people say that instead of getting insurance, you should just save the money in a savings account, but I disagree with that because if I saved 250 a year, which is what I would be paying in insurance premiums, I would only have saved 2,000 dollars by the time he is 15 years old. That would not help if he were to develop a disease or condition. With insurance, he could get 10,000-20,000 a year if he needed it, depending on the plan I chose.

What are your thoughts? Is pet insurance a good idea or a bad one? Has anybody had any experience with pet insurance? Know of any good companies?
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Is Pet Insurance A Good Idea For A Dog Or Not?

Postby laochailan7 » Thu Oct 05, 2017 12:30 pm

I don't think so. We have 14 giant breed dogs and I've never insured. I feel I'd pay more in premiums than the odd problem we may have, and I refuse to vaccinate just for an insurance policy. If you live where you have to vaccinate, then yes, I'd get the insurance, because most illnesses and health issues are caused by vaccines and processed dog foods (kibble). Trauma is just a luck of the draw thing. Our dogs are healthy and don't need the insurance as we don't vaccinate nor feed kibble or any other processed foods. But if you do those two things (plus toxic chemical flea and worm products) yes then health insurance would probably be used a lot. If your dog came from a shelter, it would have been re vaccinated and poisoned all over again, so yes, you will get your money's worth in vet bills.
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Is Pet Insurance A Good Idea For A Dog Or Not?

Postby Keely » Thu Oct 05, 2017 3:24 pm

Teddy Roosevelt?s dog, Pete, ripped a French ambassador?s pants off at the White House

Dogs don't understand pointing. They focus on the tip of your finger, not the item you are pointing at.

The World's most expensive dog sold was an 11 month old red Tibetan for 1.5 million dollars.

The oldest breed of dog is the Saluki.

The world?s smallest dog is the Chihuahua, which means ?tiny dog in the sky?

Dogs were the first animals to be domesticated by man. They were domesticated about 12,000 years ago.

The sweat glands of a dog are located between their paw pads.

Did you know that the body of a dog contains 321 bones?

Barking dogs seldom bite but what about the dog that never barks? The Basenji is one such dog that doesn?t bark.

The St. Bernard is considered to be\ the heaviest of all dogs.

Have you loved the spots that are so distinctive of the Dalmatians? Dalmatian puppies are born without any spots on their body!

An adult dog always has 42 teeth.

Laika was the first dog to become the first space astronaut. Unfortunately, this dog did not survive the stress caused by the trip and died a few hours after launch.

It is a myth that dogs are color blind. They can actually see in color, just not as vividly as humans. It is akin to our vision at dusk.
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Is Pet Insurance A Good Idea For A Dog Or Not?

Postby macaladair33 » Thu Oct 05, 2017 8:23 pm

I have vet insurance on all three of my dogs, and it has saved my bacon more than once.
With insurance, your making a bet that you hope you don't win.
By that, I mean, that you are betting that something will happen and you will have major vet bills that you won't be able to cover, and of course, you don't want that to happen.

Who are thinking of going through? I don't know of any that will cover hereditary illnesses.
For example, most will not cover hip dysplasia in large/giant breeds.
I spend about $125 a month on all three of mine total.
Because I have two with hypothyroidism and on meds, on some months I barely break even or don't get much to anything back.
On other months, they pay me much more then my premium.
For example, my eldest tore both ACLs, 6 weeks apart, 3 summers ago.
Each surgery was over $1,000.
I had a $50 deductible for each one and then they paid 90%.

The key with what ever insurance you go through is to read the fine print.
Most have a schedule of benefits with what they will pay for and what they won't.
They also have a dollar amount that they will pay for for a certain condition.
For example, they may only pay $100 for ear infections per year.
If your dog has ear infections that costs you over that, then they will pay up to $100, but no more.

I have found my dog's insurance to be much more simple and straight forward than mine.
I will not go without it.
I will caution you, though, that if you are going to do it, you need to do it now.
Many have age caps because once dogs reach their senior years, they are more likely to have health issues.
They won't drop your dog because of age, but they will not allow you to enroll your dog because of age.
For example, the company I go through (VPI) just released new plans that are more like human medical plans with a yearly deductible and then 100% benefit (up to their schedule of benefits).
I was able to switch my seven year old to that plan, but could not move my ten year old to that plan because of her age.

Do your research and READ THE FINE PRINT.
But as long as you understand what the terms, then you won't be surprised.
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Is Pet Insurance A Good Idea For A Dog Or Not?

Postby Belden » Sat Oct 07, 2017 12:47 pm

Pet insurance is good for unexpected accidents and illnesses. They can get expensive quickly, so it's nice to have insurance to cover the costs. Pet insurance does not cover pre-existing conditions, so if your pet is already sick or injured, it is unlikely that pet insurance will cover the costs to treat it.

For other costs like regular exams and vaccines, it's best to self-budget since these costs are expected. Some pet insurance companies offer coverage, but it is typically not cost-effective. (Imagine paying an extra $200 per year on your premiums for $200 worth of routine coverage...)

A few good questions to ask when researching pet insurance are:

1. Does the policy cover everything? Hereditary and congenital issues?

2. What are the payout limits? Will it be enough money for my worst case scenario?

3. How much does it cover for each condition?

4. What are the pricing and deductible options?

5. Is it an ongoing policy? If my pet has an illness during my first policy year, will it be covered the next policy year?

Be sure to do thorough research - Some plans don't pay based on your actual bill, but have lists of predetermined dollar amounts that they will pay for each condition which can be shockingly low in many cases. I would recommend getting an actual insurance plan that covers based on your bill so that you are never faced with a difficult and expensive situation when you *thought* you were covered.

We cover 90% of the actual bill for diagnostic testing, treatments, surgeries and medications including emergency and specialist visits. Trupanion is also the only provider to offer a $0 deductible option.

Feel free to give customer service a call and get a no-obligation quote to ask all the necessary questions and find out what's best for you!
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Is Pet Insurance A Good Idea For A Dog Or Not?

Postby Concobhar » Sat Oct 07, 2017 1:48 pm

I would do it, It sounds like a good idea because you never know when your dog could get sick
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