Our pets are unpredictable creatures. One moment they’re enjoying their time outdoors, and the next they’re chasing shadows and causing chaos. Like us, they also get sick, get injured, and develop unexpected health issues. When a crisis like this arises, not only our emotions are exhausted- our wallets too. This is where this question comes in: which is better for your budget in the long run: pet insurance or paying those vet bills out of pocket? Here at C&H Insurance, we’ll help you decide which one fits your current pet care needs.
Pet Insurance: A Monthly Pledge
First on the list is pet insurance. Think of it as putting money aside each month for your pet’s health. You pay a set amount every month, and in return, your pet gets VIP treatment at the vet without breaking your budget.
There are many different kinds of pet insurance depending on their coverage and riders. Some plans only cover accidents and emergencies, while others cover everything, like regular checkups, shots, and even teeth cleanings. The price of pet policy can change based on your pet’s age, breed, location, and the type of coverage you choose. On average, a good plan will cost you between $30 and $50 per month. That’s about how much it costs each week to buy a couple of fancy coffees.
Vet Costs: Unexpected Roll
When your pet needs medical care, you are responsible for paying the whole bill, no questions asked. And let’s face it, medical care is unpredictable. A regular checkup might not cost too much, but what if you have to go to the emergency room on a Saturday night? Painful, right?
Regular trips to the vet might be easy to handle, but things that come up out of the blue can really throw you for a loop. Surgery, X-rays, and medicines are just some of the things that can cost a lot of money.
The What-Ifs of Pet Care
Now, here’s a scenario that no pet owner would want to experience. Say you’ve been paying $40 a month for pet insurance, or $480 a year. Unknowingly, your beloved furry companion eats a foreign item. Your vet recommends immediate surgery. Your bill skyrockets to $1,500. Without pet policy, that’s a large amount to pay all at once.
But if you have pet insurance, the situation changes. Depending on your plan, you might have a deductible (an amount you pay before your insurance kicks in) and co-insurance (a percentage of the total bill you’re responsible for). Let’s say that your deductible is $100, and your co-insurance is 20%. With an insurance, you’ll only have to pay around $320 instead of the full $1,500. Suddenly, that pet policy fee you’ve been paying all year doesn’t seem so high.
At the end of the day, it’s up to each person to decide whether to get pet insurance or pay for vet bills. Whichever path you choose, remember that your pet’s health and well-being should always come first. Talk to one of your trusted C&H Insurance agents and find a policy that fits your current pet healthcare needs.