Is pet insurance worth the cost?

Is pet insurance worth it?

As a pet owner, you’ve got a couple financial options to plan for the worst. Setting aside an emergency fund is one, but it’s inconsistent and you won’t know if you have enough until you’re faced with the reality that you don’t.

Let’s say you start a savings account with $100 and put $50 aside every month — you’ll have just over $6,000 by the time your pet turns 10. That’s pretty good if your dog stays healthy until their older years. But what happens if your 6-month-old puppy gets parvo and you’ve only saved $400?

The thing is, you never know when an accident or illness will occur, or what it will cost, says Dr. Sarah Wallace, VP Telehealth at Galaxy Vets. Your emergency fund could be cleared out in the blink of an eye, and you’ll be back to square one.

Pet insurance provides a guarantee that you have what you need to cover your pet’s bills, and you can manage your own finances with the confidence that you won’t have to dip into your savings to save Fluffy.

Stop overpaying for home insurance

Home insurance is an essential expense – one that can often be pricey. You can lower your monthly recurring expenses by finding a more economical alternative for home insurance.

Officialhomeinsurance can help you do just that. Their online marketplace of vetted home insurance providers allows you to quickly shop around for rates from the country’s top insurance companies, and ensure you’re paying the lowest price possible for your home insurance.

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Who needs pet insurance?

While pet insurance provides security for all pet owners, some need more backup than others.

If you live in a high-traffic area or your dog is known to get into the garbage, you could be hit with emergency vet bills at any time. Take into account your pet’s breed and habits as well: Purebred animals are more likely to have genetic diseases and outdoor cats can get into a lot of trouble.

Having pet insurance means you’ll never have to make a heartbreaking decision when the vet asks for your credit card.

What does pet insurance cover?

Fetch Pet Insurance offers coverage for treatment of injuries, illnesses, emergency vet visits and more, but the cost of these offerings is flexible and based on your needs.

With Fetch, you’ll get a monthly quote, deductible and reimbursement rate, then you customize the price and coverage as you see fit.

That means that if your tabby chases a mouse into the street and gets hit by a car, insurance will cover as much of your emergency trip to the vet as you’ve set out in your personalized plan, plus your add-ons like physical therapy for his broken leg.

Kiss your credit card debt goodbye

Millions of Americans are struggling to crawl out of debt in the face of record-high interest rates. A personal loan offers lower interest rates and fixed payments, making it a smart choice to consolidate high-interest credit card debt. It helps save money, simplifies payments, and accelerates debt payoff. Credible is a free online service that shows you the best lending options to pay off your credit card debt fast — and save a ton in interest.

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Bottom line

If you had to pay a $5,000 vet bill today, could you cover it?

If that question makes you frantic, please consider protecting yourself and your pet.