How Should You Choose Pet Insurance?

If you have a cat or a dog, paying for the veterinary bills can be a real nightmare. Even simple, routine vaccinations and medications can cost three figure sums, and this is part of the reason why so many people decide not to go to the vet. It’s this lack of affordability that ensures that around one in 10 vet visits result in a euthanised pet.

Why Should You Invest in Pet Insurance?

Given that our pets so often become an important part of our human families, it makes intuitive sense to look after their health. Just as we’d happily pay for health insurance for our own children, investing in pet insurance makes good sense.

So, why should you invest in pet insurance in the first place? Consider the following:

  • Future proofing: Your pet might be young and healthy right now, but as they get older, they’ll develop health problems, and this is where pet insurance provides peace of mind.
  • Cost minimisation: Vet bills are expensive and this forces many people to make a tough decision. Do you really want to have to make a call between putting food on your table and paying for life-saving surgery for your beloved furry friend? A pet insurance policy provides peace of mind when it comes to the cost of vet bills and means that you can look after their health long into the future.
  • Amortised costs: When you invest in pet insurance, you are amortising the costs of your pets health over a longer period of time. So often, large vet bills hit when we can least afford them, but by amortising their costs through an insurance policy, this makes it much more affordable and practical for most people.

How to Choose the Right Insurer

If you’re looking for the best pet insurance, there are certainly a number of options from which to choose. The good news is that many more insurance companies are getting on board when it comes to pet insurance and this is welcome news for consumers. So, what should you look for before committing to a policy?

Consider the following:

  • If you want peace of mind, choose to insure with a well-known insurer instead of a smaller one with less of a track record.
  • Make sure that you read the fine print on the insurance policies carefully so that you’re aware of the details.
  • Ideally, you should choose an insurer that offers a cooling off period should you decide that another policy is a better fit for your circumstances instead.

If you have a pet, you should seriously think about investing in pet insurance. It helps minimise costs, ensures that you have peace of mind, and allows you to look after your pet.

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