Do you need insurance for your doodle?
It’s a rather simple, frequently asked, question; a complicated one to answer.
With the numerous advancements in medical technology made in the past several years there are more options for the pet owner to consider. New technology means, new equipment for your vet, more advanced testing, resulting in a more accurate diagnosis. Just as with humans, this also means greater expense to the vet purchasing the equipment and you in paying for the service. In the past, Fido had a limp so you gave him a buffered aspirin and didn’t throw his ball as much. Now Fido can have an MRI and micro surgery to repair the tiny tear in his knee. These advancements are better for Fido, but costly for you.
We haven’t even touched on the increasing expense of cancer detection and treatment. Some consideration needs to be given to the success rate of some of the more expensive treatments. If faced with a decision about your 12 year old Fido, would you pay anything for the possibility of a few more months, or feel that it was time to let him go?
Keeping in mind that most major illnesses are old age occurrences; a savings account for possible medical expenses is probably a better investment for most pet owners. If you’ve deposited the premium amounts during Fido’s life you will have saved a substantial amount. A pet care savings account also allows you the freedom to use the funds for annual treatments. If the money isn’t needed for pet care, it’s a nice savings account for you. On the other hand, if you decide to shop for pet insurance, be an informed consumer. Some pet insurance policies cover treatment of hereditary conditions and chronic illness, most do not. As with human insurance, there are varying amounts of deductibles, and per cent of co-pay. There are policy comparisons available on the internet to make shopping easier.
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