Is Pet Insurance Worth It?
Guess what's one of the fastest- growing employee benefits?... Insurance for cats and dogs! One third of "fortune 500" companies now offer pet insurance. They include delta airlines... U-p-s... And microsoft. But what if your workplace doesn't offer pet insurance? Consumer reports looks at the pros and cons of buying it on your own.When samantha boege's 4- year-old newfoundland needed surgery to repair a torn ligament, she ended up with more than 5- thousand dollars in medical bills. Samantha boege, dog owner says, "we are going to spend the money on surgery because she's a part of our family and we love her. But knowing what we know now, we are probably going to consider pet insurance." "dinner." had she bought a policy when she got the dog, it probably would have paid for itself.
But consumer reports found deciding whether or not to buy pet insurance, can be a tough call. Mandy walker, consumer reports says, "if you have a young animal that ends up with a serious illness or injury, it can really pay off. But if your pet is older, it can cost more and the coverage can be less comprehensive, so it may not be worth it." premiums vary widely and depend on the coverage you choose, the age of your pet and the breed.
The average premiums start at 16 dollars per month for a cat and 22 dollars per month for a dog. Mandy walker, consumer reports says, "dogs cost more to insure than cats because their medical treatment tends to be more purebreds cost more because they're susceptible to some hereditary conditions." there are a wide variety of providers. Most cover cats and dogs, but a few also insure birds and other animals. If you're considering a policy for your pet, start by reviewing plans online.
You should be able to get a free quote, which will allow you to compare cost versus coverage. And check how premiums might increase as your pet ages. If the idea of paying for pet insurance doesn't appeal to you -- consumer reports suggests you consider setting up a "dedicated savings account" -- and putting aside a "fixed amount of money" every month, so you have a reserve for unanticipated health care costs.
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