Pet Insurance: Is It Right For You?

If you have pets, pet insurance may be something that you should consider. Pet insurance began in Great Britain for horses and livestock in the late 1800s. Sweden and Great Britain still lead the world in pet insurance policies. Pet insurance became popular in the US in 1982 with one of America’s most famous pets – Lassie.

Pet insurance is exactly what you might expect from the name. It is a form of insurance to cover the costs of healthcare for your pet in the event of certain illnesses and injuries. The premiums are usually paid monthly and pet owners typically file their own medical claims directly with the insurance company.

news-pet-insurancePeople often ask us if pet insurance is worth the expense. Pet insurance can provide a great deal of financial help and comfort in cases of catastrophic accident, illness or injury. We see firsthand how devastating it can be for pet owners to make medical decisions for a beloved family pet based on financial concerns. This is where pet insurance can help. Pet insurance rarely covers treatment for genetic abnormalities or related diseases. If a policy is put in place when the pet is young, there are few, if any, preexisting conditions that would be excluded from coverage.

When considering a pet insurance policy, you should review the conditions covered, the cost of the deductible, and whether the policy offers additional cancer coverage and reimbursement for routine preventive care. Start by asking your pet’s veterinarian for suggestions, since there are multiple companies that offer pet insurance. You can also consult to help find the best coverage options for you and your pet.

Originally published June 2015 in the Weekly Herald

Dr. Donna Warren is a veterinarian with LakeCross Veterinary in Huntersville. The vets in the big yellow house have been treating pets like family for 20 years. For more information, call 704-948-6300.