When you welcome a four-legged friend into your life, you want to ensure they are well cared for. From visits to the veterinarian to regular walks, you will make many important decisions when caring for your companion. One of these may be whether or not to purchase pet insurance. The professionals at Animal Medical Center in Foley, AL, understand that pet owners have concerns about high vet bills and expensive treatments. To help you decide if pet insurance is right for your furry friend, weigh the following pros and cons.
Pros of Pet Insurance
More Affordable Treatments
Depending on the package you select, most pet insurance policies will cover a significant portion of treatment costs after the deductible is met. If you select a coverage policy with a higher deductible, your monthly premium will be slightly lower. However, if you select a plan with a lower deductible, you will usually pay a higher monthly premium.
Today’s pet insurance marketplace is expansive and offers pet owners a number of options. Because so many different providers now offer pet insurance, you can customize and tailor your policy to match your specific needs. Plans range from basic, accident-only insurance to more elaborate policies that include dental care.
Cons of Pet Insurance
Paying More Than You’ll Get Back
With monthly premiums for the duration of your companion’s life, many believe they won’t get their money’s worth when it comes to pet insurance. Unless your four-legged friend requires emergency treatment or surgery, you may end up paying more for insurance than you save with coverage. As an alternative, many veterinarians recommend setting up a separate savings account for your pet. That way, you have a small stash saved for an emergency treatment that won’t go to waste if your pet remains healthy.
Difficulty Securing Coverage for Every Pet
Many insurance policies do not allow you to pick up extensive coverage on a senior or elderly dog. Additionally, some of these policies will not cover treatment for your furry companion if they already have a preexisting condition. If you want to get the most out of your insurance policy, you must sign up when your pet is still young.
Determining whether or not to invest in pet insurance can be a stressful decision. If you are looking for a veterinarian or want to discuss your pet insurance options in more detail, schedule an appointment at Animal Medical Center by calling (251) 955-5900. This medical center offers everything from basic pet care to surgeries and treatments. Visit the website to learn more about how Dr. John Heilmeier and Dr. Kasey Singley will take care of your pet.