What Is Pet Insurance?
Pet insurance pays, partly or in total, for veterinary treatment of the insured person’s ill or injured pet. Some policies will pay out when the pet dies, or if the pet is lost or stolen.
As veterinary medicine is increasingly employing expensive medical techniques and drugs, and owners have higher expectations for their pets’ health care and standard of living than previously, the market for pet insurance has increased.
Why Do I Need Pet Insurance?
You might consider a policy that pays out throughout your pet’s lifetime. Vet bills are the main reason people buy pet insurance and, while lifetime cover is not the cheapest option (and premiums can rise), it covers conditions that require treatment year after year.
What Is The Cost Of Pet Insurance?
How much you pay for pet insurance varies widely: the monthly premium can range from as low as $10 to higher than $100, though most pet owners can expect to pay between $30 and $50 per month for a plan with decent coverage.