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Your Thoughts On Pet Insurance?

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Your Thoughts On Pet Insurance?

Postby sheply » Fri Sep 29, 2017 10:09 pm

Its a personal choice all my pets are insured that can be insured i like the security with pet insurance that i will never have to say no to treatment if faced with a life threatening situation whether it be a disease or illness.

But pet insurance can be costly ,it costs me a lot to insure all my pets because of the company i am with but that is only because they offer a better policy and i took out covered for life so your paying more.

You could set up a vet fund and pay into that weekly monthly instead of insurance.

But ask yourself this if your dog or cat or puppy needed an operation costing $1000s could you find that money ?
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Your Thoughts On Pet Insurance?

Postby eairrdsidh » Sat Sep 30, 2017 10:33 am

Its kind of expensive depending on the breed of dog either way its expensive in my option but at the end of the day its worth it as vets bills are alot more expensive
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Your Thoughts On Pet Insurance?

Postby Pippino » Sat Sep 30, 2017 5:16 pm

I looked into it when we got our second dog but for a plan that is actually worth something (eg. PetPlan) IMO it isn't worth it. I think it worked out when I was looking (2 years ago) about £50 a month for my 2 Shih Tzu and obviously that price would increase every year and for every claim it was around £75 you pay and then they cover the rest. I've never had a vet bill over £40 for either of my two (4 years and 2 years) or for my cat (7 years). So the choices were either go for PetPlan to have decent cover for life, go with a cheaper alternative (eg. More Than) but find that some things weren't covered and encounter problems when trying to claim or have a savings account in the event of a large bill - chose to save for them. This way I've got the money there, it's not going to an insurance company, it'll cover me for anything my dogs need.

If my pets had a high vet bill I'd find the money, 110%.

I also do think my opinion would change depending on circumstances, obviously something like..gettng ran over could happen to any breed (though obviously I'd like to say I'm responsible enough for that not to happen!) but things like.. HD, with having Shih Tzu (and well bred ones at that) chances of my dogs getting it is slim, with my cat he's an indoor cat so if he were allowed outdoors I'd be more inclined toward pet insurance.
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Your Thoughts On Pet Insurance?

Postby Lalor » Sat Sep 30, 2017 11:03 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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Your Thoughts On Pet Insurance?

Postby Toru » Wed Oct 04, 2017 5:35 am

Alot of good info in previous posts as to alternatives and what to look for in an insurance company.
All 3 of our dogs are covered by Healthy Paws Pet Insurance (www.healthypawspetinsurance.com).
As someone else stated, I need the peace of mind that if something happens to one of our pets, I can provide them the best possible care for their benefit without putting a financial strain on our household.
It's worth it to us to do without dinner out at a decent restaurant once a month to provide our pets with coverage.
Check out www.petinsurancereview.com for reviews by actual policy holders who have filed claims. Good luck!!
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Your Thoughts On Pet Insurance?

Postby Bazyl » Thu Oct 05, 2017 7:26 pm

That's a very tough question to answer really.
Yes and no.
For one thing it will depend heavily on the premium and deductible and on the benefits you receive.
I heard that PetSmart has a program to subscribe and receive reduced vet visit charges which sounded good but that's not the same thing.

For insurance, it can be worth it but I would probably weigh that cost.
Puppies and elderly dogs are the most at risk (as in humans).
Pure breds tend to have more health issues than mutts.
And frankly, you're own willingness to pay is a big deal.
I probably wouldn't put my dog through a $10,000 recovery process but some people will do whatever it takes.
That's a personal pet parent question.

The market for pet insurance is underdeveloped right now so expect that some places will rip you off because they can.
Read carefully and ask a lot of other pet parents.
I can tell you I take my dog to the vet probably 4 or 5 times a year at $30 per visit (my fiance is an animal nut).
Medication averages say $30 each time to I'm at $240 in vet bills.
For me, that's worth it in lieu of pet insurance.
Hope that helps!
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