Tuesday, October 13, 2015

Is Pet Insurance Worth It?

Two years ago, give or take a few weeks, two things happened:

1. Maisy almost died (twice), accruing a ridiculous amount of vet bills (and THANK YOU to everyone who helped out during that time, I still think of you all with immense gratitude), and

2. I adopted Pyg.

The timing for a second dog was horrible, so pet insurance was at the top of my list for him. Although I did not initially buy insurance for Maisy (pre-existing conditions and all), I did end up purchasing it, almost on a whim, this spring. And thank goodness, because Maisy broke her rib a few months later.

So, is pet insurance worth it?

Financially, I'm not sure. Pyg and Napi are both around $275/year. Maisy and Lola are both just under $500/year. I've filed two claims, one for Lola, for which I received about $50 after deductible and co-insurance, and now one for Maisy's broken ribs, for which I've gotten about $350 back (about half the cost so far).

Emotionally? DEFINITELY. When I knew Maisy needed to go see the rehab vet, I was scared of the costs, but felt pretty confident that it wouldn't wreck me financially. I know that if/when Lola's back goes out, or if Pyg or Napi get sick or hit by a car or in a fight at the dog park or whatever... we'll be okay. The peace of mind is amazing.

Also, our insurance company has been great. We use PetPlan, and I've been consistently happy with the service I've received. With Maisy's claim, all I did was download the PetPlan app, snapped a few photos of the bills, and not even 10 days later, I had cash in hand! Plus, they cover a LOT without needing special riders to the plan, so that's great too.

And no- I'm not being paid to write this. I just love them.

Here's a bonus dog pic:

1 comment:

Barb Sahl said...

I have pet insurance on two dogs; one healthy, the other not so much. The vet bills paid on the unhealthy dog have more than paid the premium for both dogs over the life of the policies. Sure, if future dogs are healthier, I'll pay in more than I get, but that's what insurance does - it spreads risk. Other policy holders have helped to pay my dog's bills. In the future, my premiums will help someone else. It's just a huge relief to be able to make decisions more based on health outcomes and not what is in my checking account this minute.