27/08/2020 by Stephanie
Do I Need Pet Insurance?
Many us of think that we have enough cashflow to cover veterinary expenses. But when an emergency arises, is there enough savings to comfortably cover your best friend's vet bill?
We all know that veterinary care is not cheap, but do you know how much your pet costs you annually?
Veterinary care in the first year of your new puppy or kitten's life usually runs around $800-$1000. On top of that, many new pet owners also have other expenses to account for, such as obedience classes, city licensing, toys, beds, crates, and development food.
After the first year, it is estimated that your pup will create an expense of approximately $3000 annually, and your kitty runs slightly lower at $2000 annually. These seem like high amounts, but that is only their routine expenses! If an emergency arises or your pet requires surgery or treatment, you can be looking at thousands of dollars more...
So, how does pet insurance fit in to this scenario? Most companies will offer flexcare plans, where you choose your own coverage levels, deductibles, and premiums. You can also purchase insurance that will cover routine expenses, such as annual vaccinations, examinations, dental cleanings, and bloodwork/fecal analysis. Having a safety net for any unexpected financial expenses gives you peace of mind when determining treatments and diagnostics for your best friend.
What are the top medical claims for cats?
- Urinary infections and blockages
- Dental disease
What are the top medical claims for dogs?
- Cruciate ligament injury
- Ear infections
- Gastrointestinal issues, such as diarrhea
The best time to purchase insurance is right away. Pet insurance will not cover pre-existing conditions so the most ideal time to sign up is before you need it. Fortunately, there are many companies that offer pet insurance, so you can research to find the perfect one.
Let your veterinary team know if you have any questions about pet insurance!