Today’s household pets are full-on members of the family, and taking proper care of them is a major responsibility. They need a clean and comfortable place to rest, a healthy diet and routine medical care. When taken together, these various expenses can add up to quite a sum. That’s why no one takes the decision to bring a pet into the home lightly.
But even those pet owners who carefully budgeted for their pet may still find themselves in an emergency situation where they don’t have enough cash on hand to provide it with the care and attention that it needs. If it falls ill or is involved in an accident, they may find themselves faced with a difficult dilemma. The last thing anyone wants to do is put a pet down when they might have been able to save it – especially if the only thing holding them back is money.
This is why many of today’s pet owners are taking a closer look at the financial benefits of pet insurance. The right policy can provide your household with the financial protection it needs at times when your four-legged family member is in need. And in the event that an emergency does occur, your insurance policy could literally save your pet’s life.
What Sorts of Procedures Does Pet Insurance Cover
In many respects, pet insurance operates in a similar fashion to human medical coverage. You can choose from several different levels of coverage, which range from comprehensive, routine care to strictly catastrophic coverage.
- Vaccines – Many pet insurance policies will assist with annual vaccinations, so that your annual boosters won’t end up costing any more than you were already prepared to pay.
- Accidents – If your pet is involved in an accident or ingests something it shouldn’t, you may find yourself stuck with some steep veterinary bills. Pet medical cover will take effect in this situation – sometimes after an initial deductible is met.
- Illness – Accidents aren’t the only thing threatening the health and safety of your pet. Injuries can also result in surprise (not to mention steep) medical bills, but you won’t have to worry about that if illness is included on your pet’s policy.
Every policy is different, and it’s a good idea to shop around a bit before settling on one. Some pet insurance is quite comprehensive, allowing you to lock in on a monthly or annual fee with the assurance that this is all you will ever have to pay. It’s an excellent way to normalise your budget so that you can plan your finances accordingly.
Meanwhile, other policies are intended more as back-up support. The pet owner covers routine expenses, whilst the insurance company is there to assist in the event of an emergency. There are benefits at both ends of this spectrum, so it’s wise to take time to consider which policy is best for your pet and household finances.