What is Pet Insurance? 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 designed to alleviate much of the financial risk and insecurity that caring for your pet can bring. Pet insurance is common in many European countries. However, it remains rare in the U.S.

United States, but only a handful of pet owners (fewer than 300,000) take advantage of these policies. Pet insurance has been around for about 20 years, but many pet owners don’t know that it exists, or they think the insurance costs are too high. Should You Get Pet Insurance?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?

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. Unfortunately, many pet owners put a dollar value on their pets’ lives. When the bills start to add up, many pet owners consider euthanasia at around $250. If you are the type of dog owner who would devote an unlimited amount of time and money into healing your dog, then you are a good candidate for pet insurance, because it will probably save you money in a bad situation.

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