Do you need pet insurance?

Decide if it’s worth the cost to cover your companion

You may think it’s too expensive to insure your pet―after all, plans reportedly can cost $2,000 to $6,000 over the animal’s lifetime. But routine vet visits alone can total $10,000 over your pet’s life span, so insurance may be a smart move. Figure out what plan to buy―accident, illness or wellness care. 

Accident Insurance:
What is it?
It covers a portion of accident-related medical bills
Get it if…You have an outdoor pet. They are more likely to get hit by cars or injured in fights with other animals.
Check to see if the policy…Covers hospitalizations and surgeries because hospital stays and operations following an accident can add up quickly.

Illness Insurance:
What is it?
It covers accident and illness but not checkups
Get it if…Your pet is young. Many diseases that older pets get aren’t covered if they’re considered preexisting conditions. Plus, policies for senior pets can be more expensive.
Check to see if the policy…Covers cancer, especially if you have an outdoor cat (they are more likely to catch the feline leukemia virus, which can cause cancer) or a breed of dog prone to cancer. Also make sure the policy includes prescription medications. These can become pricey, so get a plan that pays.

Wellness/Routine Care Insurance:
What is it? It covers accident and illness, plus checkups and other regular care
Get it if…Your pet is young. It may not be worth the expense if your pet is older, because it will have fewer routine-care visits.
Check to see if the policy…Covers vaccines and boosters. These can prevent diseases like rabies. Also make sure the plan includes dental cleanings, which can be costly.