Pet Insurance the Jury is Out
This past year my dog needed a great deal of vet care. The bills were actually higher than everything combined from her entire life. Pet insurance was mentioned to me as something that might have saved me some money. The problem with pet insurance is that the companies that are writing the policies have all sorts of limitations. the policies have clauses based on if they treat a animal for a certain problem that might be later considered a pre existing condition if they have the same problem later and not covered under the policy. After doing the research I think that the best thing to do is have your own pet savings fund where you can control your costs. While it may seen to be a benefit the pet health insurance will not work out if you pay yearly premiums but are limited in making any claims. I have been discussing pet insurance with many other pet owners especially dog owners. One couple told me that their dog needed a great deal of vet care wchih according to them was insured by VPI pet insurance company www.petinsurance.com. I was told that their dog ended up with $31,000.00 of specialized care when the dog was young and that the procedures saved the dogs life who ended up living 13 years. I was told they only had $1000.00 out of pocket on the entire ordeal. The other risk is if a company gets hit with too many claims from pet owners that the premiums don’t cover the expenses. Pet owners can do much more in vet care than many years ago. Vet costs, like health costs have increased over the years as well.
