Many pet owners wonder if they should insure their pet. They want to keep their dogs happy and healthy, but they’re not sure if the price is worth it. You might be one of those pet owners. Well, if you have one of those dogs that never eat strange things or never go outside, then you do not need insurance for your pet. Unfortunately, no such dog exists. The answer is, yes, you need to insure your pet. Dogs and cats can become hurt or ill in many different ways, and they need insurance just as badly as any human being. They’re prone to many different diseases and injuries that can be treated, but rarely is that inexpensive.

human being

You should pick your pet insurance based on the needs of your pet, your financial means, and the company itself.

The Insurer

The insurer is the one who will be providing the insurance for your pet. Insurance for pets is not quite like health insurance for humans. It works more like automobile insurance. With human health insurance, you pay your premium every month, and the insurer pays part of the costs of treatment up front. With insurance for your pets, you pay your premium every month and you are likely going to pay for the cost of treatment as well. You are then reimbursed a pre-approved amount by your insurer. At the very best insurers, that amount is usually about 75 or 80% of the total cost.

The Insurer

Your Financial Means

Which insurance option is right for your pet will depend partially on how much money you want to spend. The amount of money you spend on your premium is directly proportional to the size of your reimbursement. For example, if you have a very low premium, you’ll also have a low reimbursement. People who have very small dogs that don’t go outside much, or who don’t have a large amount of extra money, typically opt for low premiums and low reimbursements. These keep your monthly costs down for a service you won’t use very often. However, those who have big, active dogs or very old pets tend to opt for the high premiums and the high reimbursement. If you are going to be visiting the veterinary hospital frequently, you’ll save money by paying higher premiums for a higher reimbursement.

Your Financial Means

The Needs of Your Pet

These are tied somewhat to your financial means as well. Some pets are prone to injury, and some are more prone to illness. That can be a result of your climate, your house, or the pet itself. For example, purebred dogs are more prone to illness, and large breed dogs are more susceptible to health issues. So, if you have a large purebred dog, you definitely need to make sure you are providing the best possible care to your pet.

Needs of Your Pet

Every animal is different; they’re going to all have different needs. You need to make sure that you’re thinking of your pet’s needs when you decide on insurance. Some of the best companies offer many different plans that can be customised to best fit your animal.