With the skyrocketing cost of veterinary services, medical care is no longer a matter of finances.
Though most think about health coverage in terms of humans, pet insurance to cover veterinary costs has become a significant focus as well, as the cost of medical care for animals rises as quickly as it is for their owners.
The health care reforms are a hot topic at the moment, but millions of pets also require these services.
Animals are becoming extremely important parts of our families and people want to be able to give them the longest lives with the highest quality possible. This can require extensive veterinary care, and that can come with a high price tag. This explains why the pet insurance industry has been growing by 18 to 25 percent over the last few years.
Though pet insurance isn’t right for everyone, for some animals, it can make a life or death difference.
The millions of pet owners in the country are being advised to put the same effort into purchasing pet insurance for their furry family members as they would for health coverage for their human spouses and children. The reasons is that there are almost as many things to consider in the various policies for dogs and cats as there are for humans.
According to the Ohio Department of Insurance director, Lt. Gov. Mary Taylor, “Just as you would with insurance for yourself, you need to shop around to determine what product you are most comfortable with and that’s the most appropriate for your pet.”
To understand how much coverage is needed, sit down with a calculator and tally up the costs that are expected throughout the life of the animal. Don’t forget to take into account the rate of increase of the veterinary expenses per year, as well as any emergency costs or long term illness costs that would be covered by the pet insurance. Then, obtain a number of quotes for the size and breed of the animal. This will let animal owners know whether or not the premiums will allow them to save money over time and make their animal’s health expenses more affordable.