Pet Blog / What Value Does Pet Insurance Offer to You?

What Value Does Pet Insurance Offer to You?

Pet insurance is essential to keeping yourself financially safe, and for your pet to receive the treatment they need. But it can be a difficult decision. Do I really need pet insurance? If you’re asking this question, you’re not alone. Many people struggle with the answer, and a lot of times, an accident to your pet brings the question front and center. 

Pet insurance costs are based on various factors, such as your pet’s species, breed, age, and gender, as well as where you’re located. Pet insurance delivers peace of mind and gives you some ability to control the unknown. Many options are available for pet insurance to ensure you choose the best plan that works for you. 

Peace of mind for you and your fur baby

Pets offer a lifetime of fond memories. They’re your best buddy when you’re sad, a great travel partner to visit new places with, and they open the door for social interactions with friends. If an accident occurs and your pet needs a trip to the vet, pet insurance offers the peace of mind that your pet will be taken care of, and your vet bill will be manageable.

What are the top reasons pets go to the vet

  • Vomiting and diarrhea
  • Toxin ingestions
  • Lacerations and bite wounds
  • Hit by a car
  • Worsening of underlying illness (disease)

One example of costs related to disease would be if your cat is diagnosed with diabetes: the diagnosis runs around $300 and treatment typically continues for the remainder of the cat’s life which runs from $240 to $360 per year. And if your dog gets into an accident, an emergency room visit could cost $1,000 or more. Pet insurance ensures your pet receives the care they need without hesitation. 

Controlling the unknown

Insurance works to protect people with costs when accidents happen. When you let Fido outside, he may immediately bolt for a squirrel and come back hobbling. If this is a torn cruciate ligament, Fido will need ACL surgery—the most common orthopedic procedure for dogs.

Costs for this procedure can range from $650 (for small dogs) up to $6350 depending on the treatment you and your vet decide would be best. The larger cost includes anesthesia, pre and post-operative X-Rays, physical therapy and home visits. Pet insurance helps cover these costs and helps Fido get back to his normal self quicker.

Choose a plan that works for you

Pet insurance offers many options for you to choose from. “Accident only” plans take care of poisoning, swallowing a foreign object, attacked by another animal and being hit by a car. Illness coverage takes care of cancer, allergies and disease. You can also add-on emergency care visits to help protect that cost as well.

As your pet gets older, insurance cost tends to increase. This may push you to seek out insurance that covers illness earlier in your pet’s life to keep the premium cost down. Even if you don’t use the insurance for the specific use you’re paying for, an illness down the road may make up for those earlier years.

Ready to purchase pet insurance?

Pet insurance is a great way to cover yourself for unexpected costs. With the Direct Benefits Marketplace, we make it easy for you to choose the plan that best fits you and your pet’s needs. Our budget-friendly accident-only plans go for as little as $6/mo for cats and $9/mo for dogs, regardless of age! If you’re seeking more robust options for your pet, choose up to four plans and compare side-by-side!

If you have questions regarding pet insurance, our Consumer Advocate Team is here to guide you through your questions. Chat with one of our insurance experts now!