Today, there is a growing trend of considering pets as full-fledged family members. We include them in family photos, take them on holidays, ensure they are loved and cared for, fed well, exercised well and given special treatment when unwell. We even go so far as to call them fur babies and ourselves—pet parents. If you take a quick glance around your house, you can probably affirm that every (human) member of the family is covered by health insurance; be it you, your parents, your children or even your grandparents. But have you ever considered buying pet insurance?
Just like regular health insurance, the purpose of pet insurance is to cover veterinary expenses for your pet in case of accidents or health issues. But if these are just probable, one-off occurrences, is there really a need for pet insurance? The answer is yes! Raising and caring for a pet is not light on the pocket. There are plenty of expenses to be made for food, accessories, grooming supplies, vaccines and medications to name a few. Moreover, veterinary costs are constantly escalating due to advances in animal healthcare. So, if you haven’t covered your pet already, here are 5 reasons that will help you consider…
#1 It ensures great healthcare for your pet
Pet insurance gives you a wider option of treatments for dental issues, parasite-borne diseases, cataracts, fractures, pregnancy complications etc., depending on the policy you choose. Pet insurance also proves to be a boon for pets that may need to make use of additional healthcare facilities as they age.
#2 It keeps you from dipping into your savings
No matter how careful you are with your furry buddy, accidents can happen at any time. In the event of an unexpected accident, injury or illness, pet insurance helps with the cost of medical treatment so that you do not have to go through the stress of arranging the funds or wiping your savings clean.
#3 It helps with expensive treatments
Just like us, pets can also go through major illness and the treatments for these extreme illnesses can be very costly. Having pet insurance allows you to give your pooch the best healthcare while saving money on expensive medical treatments and hospitalisation.
#4 It offers flexibility according to your budget
You can choose from various policies depending on your budget and pet’s needs. Some pet insurance policies also give you the flexibility to choose when you want to pay the premium; be it monthly, quarterly, semi-annually or annually.
#5 It also offers additional coverage
Besides accidents and illness, some pet insurance policies also cover theft or loss of the pet, overseas travel and third-party liabilities in case your pet causes injuries to someone else or damages their property.
If you are keen on buying pet insurance, it is advisable to do so when your dog is young. However, it can be done later in life as well. Make sure to compare policies and choose what is right for your pooch based on its needs and your lifestyle.