Owning a healthy cat can be expensive; there’s the ongoing cost of food, treats, and litter; the cost of spaying or neutering; regular checkups, shots, and licensing; leashes, collars, beds, and toys.
If your pet becomes ill, develops a disease, or is involved in an accident, the cost of medical care can be overwhelming. For example, I know of an English Mastiff dog that has hip and knee problems that are very common in a dog that size, and it cost her owner $10,000 per leg (2 legs) for the operations needed to fix them.
For many people, the costs can be too great, and their only option is to put their beloved pet down. But, there is another option, if you prepare ahead of time, and that is to purchase pet insurance.
Here are some things to consider before purchasing pet insurance:
What All Does Pet Insurance Cover?
Just like medical insurance plans for people, pet insurance plans vary according to the policy you choose and the company you purchase it through. Some policies cover only emergency care, while others cover regular care such as checkups and vaccinations. The policy you choose should clearly state which services are covered and which are not.
How Much Does It Cost?
The cost of the monthly premiums varies, according to several different criteria. The amount of coverage you opt for is foremost.
Also, your pet’s breed, size, and age will help determine your costs. For example, if your breed is more likely to develop a certain disease, it may make the premiums higher. Pre-existing conditions may be excluded or, if included, may raise your premiums.
Generally, you can expect to pay somewhere between $12 and $85 per month. You may also have co-pays and deductibles. And there may be a yearly cap on payments. Many policies will reimburse you up to 80% of your costs, once your yearly deductible has been reached.
Is Pet Insurance Right for Me?
Deciding whether or not to buy pet insurance is up to you and your family. If money is not an issue, it makes good sense. If money is an issue, it might not be right for you. Instead, you might want to try saving a certain amount each month towards any possible problems, practice good preventative care, and take your cat in for regular checkups that can catch problems before they become more serious.
It is a relatively new thing to purchase pet insurance, and not everyone can afford it, especially some of us crazy cat people that have many cats! Not having pet insurance doesn’t mean you don’t care for your pet. It’s a personal financial decision that only you and your family can make.