Pet insurance is a health plan for your pet to insure against large and small unexpected veterinary bills over the life of your pet.
Potential treatments for your pet now rival human treatments both in sophistication and cost. Pet insurance is common in many European countries.
There are about 130 million pet cats and dogs in the United States, but only a handful of pet owners (fewer than 300,000) take advantage of these policies.
There have been tremendous technological advances in the care that is available for our pets. Procedures such as kidney transplants and cancer treatment are becoming more commonplace. Did you know that many pets do not receive potentially life-saving treatments because the cost is too great for the owners to bear? Pet insurance, like medical insurance for humans, can help reduce that risk of caring for a pet and lessen the frequency of “financial euthanasia,” the decision to put a pet to sleep because there is no money to pay for the pet’s necessary medical care.
A bad candidate for pet insurance is a pet owner who wants cat or dog, but will put him or her to sleep instead of spending large amounts of money to save their pet if he or she gets sick or injured. You want your pet to have proper nutrition, a comfortable environment, exercise, and the health care he or she needs.