Is Dog Health Insurance A Good Idea?
Is dog health insurance a good idea? The answer to that question is simple; yes and no! If you are wealthy and money is not a problem then insurance is probably not a good deal. However if you live paycheck to paycheck and coming up with $3,000.00 for a major health problem for your dog would be next to impossible then yes insurance is great.
Quite a bit of research has been done on the value involved in doggie health insurance. It seems that quite a few people do not recoup what they paid into their premiums versus what was actually paid out to keep their dog healthy.
On the other hand a lot of people received 300% and more return on their premium costs. It is very similar to the cost related to your own personal health insurance. If you are healthy and never use your insurance we always feel like it is a waste of money. On the other hand you never know when you will be in an accident or have a major health issue and your insurance just may save your neck financially.
As I mentioned earlier I think so much actually depends on your financial ability to handle a large vet bill and not have to tell the vet to go ahead and put your dog down because you simply can not afford the bill.
There are differences in policies and coverage so make sure you do some research to find the policy that will be best for you and your dog. A good place to start would be to talk to the ladies that run the front desk at your vet’s office. They see these policies in action and can possibly give you some advice on which ones or the best.
There is also a difference in premium payments because of the deductible that you choose. A zero deductible will certainly be more expensive than let’s say what a higher deductible might be.
So the decision is yours. You can pay a small monthly premium and know that your insurance will step in if there is any type of illness or accident. You can also simply choose to pay as you go. Another simple option is to self insure. Simply put the amount you would pay on a premium in a separate saving account so it is there when you need it, if you need it.
Hopefully this article gave you a few things to think about and can help you make the correct decision.