How much pet insurance do I need?
How much pet insurance do I need?
Pet insurance provides owners with a unique opportunity to safeguard their cherished animal and their finances.
For a nominal monthly charge (cheaper if paid annually), pet owners may rest easy knowing that their dog or cat receives medical care and that, should an emergency happen, they have financial help.
However, pet insurance is not comparable to human health insurance. Consequently, the question of how much coverage pet owners should have for their animals is subjective.
If you believe that having your pet’s insurance will be beneficial, obtain a free quotation today.
What level of pet insurance do I require?
Here are three factors to consider when determining the correct amount of pet insurance to purchase.
Your pet’s age: If your pet is young and in good health, you may likely get away with minimal coverage. An accident-only coverage will not break the bank, but it will nonetheless provide protection in the event of an emergency. This coverage is limited to emergencies like broken bones or ingesting something they shouldn’t have. However, if you’re wanting to save money and remain covered, this can accomplish both.
Simply ensure that you read the fine print. What one insurance carrier considers to be covered under accident-only coverage may not be covered by another, and vice versa. And remember: pet insurance frequently doesn’t cover pre-existing conditions, so it’s smart to act early before any bothersome issues occur.
Speak with a pet insurance consultant now who can help you develop a plan that works for your requirements.
Your pet’s breed
Regardless of age, certain pet breeds are simply healthier than others. If you have a pet susceptible to nagging health issues, then you’re probably safer with a more robust plan.
For example, several dog breeds have recognized health concerns. A German Shepherd is more likely to need medical surgery for hip dysplasia than most other breeds. English bulldogs, Frenchies, and many other “flat-faced” dogs are prone to suffering from Brachycephalic Airway Obstruction Syndrome (BAOS).
If you know from the start what health difficulties your pet is likely to have, then you can come up with a plan to help ease the costs in advance before they become more of a financial strain.
Your pet’s type
There’s a reason cats are often cheaper to insure than dogs. That’s because they tend to live longer and have fewer health difficulties. Dogs often have shorter lifespans and more diseases during their lives.
So, if you have a dog (and especially if you have one of the breeds indicated above), then you will likely require substantially more pet insurance cover than you would if you have a cat.
A Money.com story recently claimed that “Dogs cost more to insure than cats, in part due to statistics that suggest they more often require care than cats, and it’s more expensive when it’s needed.” You should get your pet’s insurance accordingly.
The bottom line: pet insurance is typically an inexpensive yet valuable kind of protection. On average, it costs $30 to $70 per month for a dog and $15 to $40 per month for a cat. But how much you spend truly depends on what you require based on the following three elements.
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Speak with a pet insurance professional now who can help you develop a cost-effective and trustworthy plan for your animal.