3 reasons why pet insurance is worth it

With the recession, a lot of pet owners are considering insurance as an option to provide healthcare for their pets. The other option available is to self-insure, which is to put money in a savings account every month. Some argue that pet insurance never covers what they need and therefore it makes more sense to save for a rainy day.

What should you do then: buy pet insurance or self-insure? Is pet insurance really worth it? I’ll show you that pet insurance is your best option in just 3 simple points.

1. With pet insurance you have funds available straightaway

Buy cover for your cat or dog today and you can have thousands of pounds available to treat an illness or an accident straightaway. If you were to put money on the side, how long would it take you to save £3,000?

Let’s say you would save £30 per month (which is more than most monthly insurance premiums), it would take you 100 months, i.e. 8 years and 4 months. And because illnesses and accidents strike unexpectedly you may need a big sum of money available within the next few months.

2. Choose lifetime pet insurance and you could afford ongoing treatment for the life of your pet

What would you do if your pet were to develop an ongoing condition that required treatment on a regular basis for the rest of your pet’s life? Diabetes for instance could end up costing you as much as £3,000 per year. Over a 5 year period, that’s £15,000.

Would you really be able to save that much? Even if you had managed to save £3,000, it might not have been enough. With pet health insurance you can ensure that your pet gets treatment throughout its life.

3. More treatment options to avoid euthanasia

With the appropriate cover, you could have more treatment options available, meaning you could avoid having to put your pet to sleep. Say your pet has leg problems but is too old to undergo surgery for now. With insurance cover your vet could refer your pet to a hydrotherapy specialist instead.

Also, if traditional vet care does not work in the first instance, your pet could enjoy other alternative therapies like acupuncture, physiotherapy or even clinical diet foods. Insurance gives you more options and time to find the appropriate treatment for your pet. If you have already spent £2,000 in vet care and your pet’s condition is not improving you may run out of funds and options. And you may need to consider putting your pet down. Not with pet insurance.

It makes plenty of sense, doesn’t it? So what’s next? You can read more about pet insurance and also compare policies so that you can make the right choice for you and your pet.

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