Is pet insurance worth the money?

Question

I am going to be getting a pure bred Ragdoll cat, who will be strictly an indoor cat. Should I get pet insurance? I know some insurance's start at less than 10 dollars a month, but at that cheap will they be worth it if I need them?

Answer 1

Hi Dara

Disclaimer: I work for Embrace Pet Insurance in Cleveland, Ohio.

First off, let me address your question about whether pet insurance is worth the money.

Any kind of insurance, whether it be home, auto, or some other type, is designed to protect you from an expensive, unexpected event that you do not want to happen. Some people look at pet insurance though as a form of plan where they pay premiums and expect to get some benefit from it.

But that's not what insurance is about - you get pet insurance because you love your pet and, heaven forbid, if something were to happen you don't want to be up all night with a sick pet worrying about how to pay for it all. Pet insurance buys you peace of mind.

All pet insurance plans let you visit any vet you like. You pay the vet's bill, you send in your receipts to the pet insurance company, and you'll get a reimbursement check back in a week or two most of the time.

Most pet insurance plans are roughly $15 - 30 per month. Cats are usually a little cheaper to insure than dogs. Watch out for plans that don't cover chronic illnesses, genetic conditions, or that have per-incident limits. Also be wary of pet insurance plans with benefit schedules, these can leave you with a big hole in your pocket because they don't reimburse as much as other types of plan.

To your question about whether it's worth getting pet insurance for indoor cats. Well, even indoor cats can benefit from pet insurance for a couple of reasons.

Indoor cats are at risk of becoming overweight or obese due to lack of regular exercise. They are also not as "street smart" as an outdoor cat if they do occasionally venture outdoors. Indoor cats can also ingest plants, poisons, and cleaning products that are often stored indoors - sometimes boredom breeds this, other times just plain old curiosity!

I hope this helps, enjoy your Ragdoll!

Alex
Embrace Pet Insurance

Answer 2

I used to sell Pet Insurance, until I saw it only actually benefits the big guys, the professional breeders and the folks with like ten animals. The rest of the guys occasionally use the insurance, but don't actually gain from it, if they had save the money up in a savings account, they would have spent less money.
Do soms maths, work out the costs of several kinds of things your pet might need, then add up the amt spent on insurance, as well as checking carefully what is covered and what isn't. Work it out from there.

Answer 3

lots of the main ones cover approximately as properly as a well-being plan for a man or woman. frequently around 80% for the utmost insurance. you ought to pay the fees up front, and that they reimburse you. I regarded into it for our cats, yet what i could spend in rates via the years does no longer pay off interior the top. The top type is around $20 consistent with month consistent with cat. we've 6, so i could be observing $one hundred twenty/mth or $1440 ideal away. It particularly relies upon on your disposable earnings and what you would be waiting to handle to pay for in an emergency. we've money set aside for emergencies, plus I even have 2 credit enjoying cards that I save little or no on, so we does no longer be based on insurance if we had an emergency with one among ours.

Answer 4

Dara, my precious lamb, you are asking the wrong people. Immediately call the Vet, that you plan on using and see if they even accept this plan. Will they make you pay and get reimbursed later or is it just like your insurance 80/20, perhaps. Some times these little babies come in this world with some real issues, allergies, skin issues, renal issues, all kinds of things, you may want to be prepared for the worse. that means your wallet for sure.

Answer 5

I personally don't believe it is. I considered getting it for my two because it came free for a month when I got them.

But when I sat down to compute how much I would be paying per month, and then how much I'd get back if they got ill, it just wasn't worth it.

You'd be better off taking that $10 per month and putting it away in savings. Not only will you earn interest, but it'll be there for other emergencies and you don't lose it when your cat eventually dies.

You know what? You could perhaps even set up a separate savings account from your regular one - that way you'll perhaps be less tempted to use it for other emergencies.

Answer 6

Pet vet bills can be very expensive, and you are getting a valuable feline. So yes, get the insurance. But make sure to read the fine print too.

Good luck!

Answer 7

Any insurance is better than no insurance, especially if it's less than $10 a month, especially when you're insuring an expensive purebred.

Answer 8

Yes! get it