Are you one of those who consider pets a significant part of your family? If yes, the best way to treat any family member is to ensure you provide them with the utmost care. Pet insurance allows you to deliver that care to your pet.
So, what is the main goal behind getting pet insurance? The insurance will cover unexpected veterinary expenses, such as health problems or accidents. With a reasonable price for pet insurance, you can ensure the protection of your lovely companion. Below we provide a comprehensive overview of pet insurance.
Price of pet insurance
If you decide to get pet insurance, one thing you can always look forward to is the reasonable costs. For instance, at Spokk pet insurance, you can find average annual pet insurance for dogs at $250 based on a $10,000 per incident limit. The cost equates to about $21 a month.
As you can see, the monthly price of pet insurance is relatively affordable. However, costs may differ depending on the following factors:
- Pet’s age;
- The breed of the pet;
- Pet’s size;
- Availability of pre-existing medical conditions;
- Pet’s gender;
Unanticipated veterinary expenses and what they cost
Accidents or unexpected pet illnesses can ensure you suffer significantly in terms of veterinary expenses if you lack pet insurance. Research shows that about 1 in 3 pets will require an unanticipated medical treatment annually.
For any pet owner, any emergency treatment can cost you significantly as the medical bills can quickly pile up. Accidents such as object ingestion, fractures, and dog bites may need to pay thousands of dollars.
Depending on your location, the average cost for unanticipated veterinary expenses may range from $800-$7000. The cost may include things like physical therapy, anesthesia, and x-rays. Not most people can cover emergency treatments. Research by Bankrate shows that only 39% of Americans can afford to cover unanticipated expenses of $1000.
In such a situation, unanticipated veterinary expenses can guarantee you will suffer from a financial burden if you do not have pet insurance. Furthermore, no one can predict the probability of an accident. Thus, getting pet insurance is the safest way to protect your pet. The insurance coverage will help you cover the emergency costs and ensure your pet receives adequate treatment.
Extensive costs caused by unexpected pet emergencies
The availability of limited funds to facilitate effective pet treatment during an emergency may cost you significantly in the end. If you neglect or overlook some issues during treatment, you may need to pay additional costs in the end.
For instance, if your dog has a leg fracture and you ignore immediate treatment because of a lack of funds, you may pay more in the future. You may even use terms such as “let’s see what happens.” The waiting period can ensure you suffer more as your pet may develop recurring medical issues, which are expensive. In other cases, financial constraints may ensure you get partial pet treatment, which may affect your pet’s health and finances.
The financial burden that out-of-pocket payment for emergency pet treatment can ensure you fall into debt. The best way to avoid financial crises due to unexpected pet emergencies is to consider coverage such as life insurance coverage.
Why should you get pet insurance in 2023?
Is it vital to get pet insurance? The answer is definitely yes. Caring for and raising your furry companion may not be easy as many presume. There are plenty of medical expenses that can arise. Furthermore, veterinary costs are always rising. Thus, the best solution is to get pet insurance coverage. Here are some of the top reasons why you should consider getting insurance:
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It offers protection against out-of-pocket expenses
Accidents for pets, such as object ingestion, may occur at any time. Without an effective plan, you can find yourself dipping into your pocket or savings to cover the treatment. A pet insurance lifetime cover can ensure you will not lose your savings or pay out of pocket.
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It allows you to prioritize your pet’s health
Pet insurance ensures that you prioritize your pet’s health instead of the cost of treatment. You will be able to afford any procedure, such as routine medical check-ups, that your pet needs.
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It comes in handy in cases of expensive treatments
Like humans, pets may have extreme illnesses, such as cancer, whose treatment is costly. In such situations, pet insurance will enable you to afford expensive treatments while allowing you to save some money.
Final thoughts
Does getting pet insurance in 2023 still pay off? Yes, it does. Pet insurance allows pet owners to enjoy a wide range of benefits. The most important is the prioritization of the pet’s health and protection from financial burden and debt. If you get pet insurance, you stand a high chance of providing your pet with the best care possible.