muneebgs
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| Pet Insurance? |
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I've seen ads for this pet insurance in my grocery store. Has anyone had experience with this? Is it worth it?
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Tue Aug 16, 2011 7:27 pm |
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coaster
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I have some experience with pet insurance and in the end decided to self-insure. There are too many gotchas. If you have the resources to pay for a large unexpected vet bill yourself, then I think the financially prudent course of action is to self-insure. The chances you'll actually get more out of one of these policies than you paid in is fairly small.
~Tim~
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Tue Aug 16, 2011 11:04 pm |
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keshavmish
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Pet insurance is the best option for you and does give some peace of mind if your pet needs veterinary treatment and you have to make a claim against your pet insurance whether you live in the UK or elsewhere. This area of insurance is quite tricky and it is very important that you check the exemptions and clauses that apply to your pet insurance. There are various levels of cover and each will attract a different pet insurance quote. It is also worth bearing in mind that many pet insurance policies only cover the first episode of veterinary medical treatment that your pet may experience. For instance, a case was reported to me recently where a couples basset hound dog underwent treatment and surgery for irritable bowel syndrome. The veterinary bill exceeded £1500.00 and is covered by their pet insurance policy for this first episode of irritable bowel syndrome. The couples main concern now is that any further episodes of irritable bowel syndrome will not be covered by their pet insurance premium. This means that they will have to pay for the veterinary treatment themselves and will not be able to make a claim against their pet insurance policy. The pet insurance will still be valid if your pet develops a different condition - for example an injury that is sustained which is unrelated to the irritable bowel syndrome.
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Sat Aug 20, 2011 12:41 pm |
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Gary Barzel
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I don't think pet insurance is always the best option. If you do decide to purchase insurance then it is best bought when your pet is young and before problems occur that might be considered pre-existing. Also be sure to thoroughly research all the companies to see if you can find a company and policy that best fits your situation.
Gary Barzel
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Sun Sep 18, 2011 1:55 pm |
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Kenny Soward
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quote:
Originally posted by LottomagicZ4941
There should be a VERY heavy TAX on pet insurance until all the humans are insured.
But no vat tax for USA unless you want us to go downhill.
In general, I agree humans are the priority. But my cats are worth a lot more to me than some people I know. Sorry to say.
Kenny Soward, author of The Budget of Your Life; Breaking the Chains of Debt
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Tue Sep 27, 2011 6:29 pm |
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Spaandonk
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I asked my vet about pet insurance for my cat a couple of yr ago. Most pet insurances will only accept you if they are no real young and not older than like 7-10. Also they have to be healthy animals. They said if the animal is an indoor cat and not super accident prone then it is not neccessary. They did say however, that it would be more useful for dogs and animals that are outdoors a lot.
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Wed Oct 19, 2011 5:02 am |
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robmejia
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Before you consider purchasing a pet insurance, do you already have an insurance for yourself? I guess no matter how much you love your pet, it's necessary to insure yourself first.
And if you have enough savings, getting your pet to the vet wouldn't be a problem at all.
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Thu Nov 10, 2011 1:36 pm |
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littleroc02us
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I grew up on a farm, so I'm definitely not one to answer this one without offending others.
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
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Thu Nov 10, 2011 2:15 pm |
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oldguy
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quote:
Has anyone had experience with this? Is it worth it?
Depends on your version of 'worth it'. Insurance companies make a profit - so, by definition, the premiums that you pay are more than the AVERAGE pay out. Your premiums are used to pay for your claims, pay for the insurance co employees, pay their overhead, building, utilities, plus a profit.
You buy insurance to protect yourself against events that you cannot pay for as an individual - such as a house fire, a $300,000 bypass operation, $300,000 cancer treatments, and so on. You pay the insurance compnay to accept the risk - they receive premiums from 1000's of customers and use it to pay the disater claims on the unfortunate people who are hit with tragedy.
However, to save money, we should self-insure the trivial costs that we encounter as a part of normal life - don't hire an insurance company to pay them for you. Common examples are extended car warranties, appliance warranties, pet insurance, etc. These are big profit centers, a great deal for insurance companies - and a bad deal for you.
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Thu Nov 10, 2011 4:03 pm |
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debedwards
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I have to agree with this. I think it's plain stupid to purchase insurance for your pet while you have nothing at all. Put your needs above everything else first before you make an investment like this.
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Sat Nov 12, 2011 4:09 am |
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EwaMajowska
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I take some offense to the comment that the vets are taking
money to advertise a particular company. Quite frankly, we have enough to learn
about, and pet insurance is something that the owner of the pet will have
to research for themselves. The displays in the office are the result of
the work that sales reps do, pushing their products to the office managers
and staff. If XXX wants to advertise within veterinary clinics, all they
need to do is send information and reps to the doctors offices and speak with
the office manager regarding displays. Why am I on this site? Because I am
also looking for pet insurance for my pet and I, like each of my clients,
have to wade through the information to pick a company and a plan that
works for me.
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Mon Nov 14, 2011 7:26 pm |
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EwaMajowska
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Vet care is the feature article in the July 2003 issue of Consumer
Reports (pp. 12-17). A sidebar compares pet insurance coverage and
concludes that it's not a bargain for common ailments and preventive
care, but it can save money on major problems. CR notes that major
problems, like hip replacements, don't occur very often or in every
dog, so it recommends keeping a savings account for veterinary
emergencies rather than buying insurance. In lieu of pet insurance,
that's what we've done--put money aside in a special account for
catastrophic veterinary care.
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Mon Nov 14, 2011 7:28 pm |
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robmejia
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What i would like to hear is an account of someone who has a pet insurance and how it was able to help them. Or better yet, one with a pet insurance but with no insurance for himself/herself.
long term care insurance | long term care insurance quotes | caregivers
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Wed Dec 28, 2011 5:19 am |
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saabkemp
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It is necessary to self insure first before worrying about pet insurance. No offense to pet lovers, but pets have a short life span. If you have enough extra money to spend on your pet's medical needs, then there's no need to buy pet insurance.
long term care quotes
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Tue Jan 10, 2012 7:49 am |
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