When you bring a new puppy into your home, you may wonder if you should purchase pet insurance. There are many reasons to do so. First of all, it is a good way to avoid paying out-of-pocket for a covered incident or accident. Secondly, pet insurance offers flexible payment options. Some companies offer monthly, quarterly, or annual premiums. Also, it is important to research the company’s customer service and payment methods to make sure you’ll be happy with your insurance policy.
There are three types of pet insurance: accident only, accident and illness, and wellness plans. Accident only plans only cover unexpected physical injuries and illnesses. However, these plans are less expensive than accident and illness policies. Accident only plans are beneficial for dogs with pre-existing illnesses, as you can plan for unexpected medical expenses before they occur. Accident-only plans may also be more affordable than comprehensive policies.
Besides being cheaper than paying out-of-pocket for an emergency, pet insurance also helps with routine care and dental costs. The deductibles vary between plans, and different insurance companies may require a pre-existing condition. Always check with the insurer before purchasing a policy to make sure it covers routine care. Make sure to choose a plan that offers the best network of veterinarians.
While many people consider pet insurance a necessity, the truth is that it may cost more than you’ll get back. However, if your pet develops an illness or injury, you’ll be glad you’re covered. If you have the money, you can pay for the medical bills without obtaining pet insurance. Consider contributing to a high-yield savings account for future vet bills.