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The Top 5 Reasons Why You Need Pet Insurance
March 13, 2019
If you have a pet at home, you’re well aware of the costs your little loved one entails. Even if their diet, treats and basic care are well within your budget, it can be hard to resist being seduced by the growing pet products market of fancy bedding, cool technology and squeaky new toys.
What many pet owners aren’t aware of until it’s far too late, however, is the major blow an emergency vet visit will have on one’s wallet. No one likes to think about a family member sick and suffering; it feels easier to put off that line item in your budget for “someday.” You may be wondering, how much is pet insurance? And, which is the best pet insurance for my family?
Procrastinate no more. These days, pet health insurance is an affordable solution to a dreaded problem—the very real possibility your pet will need care that exceeds what you have in your savings. Below are the top 5 reasons to sign on to an affordable pet insurance policy, like Bivvy, before you realize just how much you needed it.
According to Petplan the average cost of emergency vet care is $1500. And while there’s good reason for that—overnight stays and costly procedures add up fast—that’s a lot of out-of-pocket change.
If you’re like nearly 40% of Americans, you don’t have enough savings on hand to cover a $400 emergency. Even if you do have the savings, one unexpected illness or accident can quickly eliminate the financial safety net you worked so hard to build.
Each year, 1 in 3 pets will need emergency vet care. The reasons for these visits aren’t always as dramatic or avoidable as accidents, bites or accidental poisoning. Urinary tract infections, irritated eyes and gastrointestinal problems are among the top 10 reasons for a trip to the emergency clinic.
There was a time when pet health insurance was something only socialites and celebrities might have been able to afford. But these days, with more than half of American households having at least one pet, insurers have stepped up to the plate.
Some plans, like Bivvy pet insurance, offer insurance that is affordable for almost any pet owner. Unlike other providers, Bivvy doesn’t turn a pet away due to their age or other health risks specific to your pet. With no deductible, you also won’t find yourself surprised with a hefty fee when you thought your good planning had kept you in the clear.
Okay, so peer pressure is not a great rationale for many behaviors. But when you learn that more than 2 million pets in the U.S. and Canada are now insured—a 23% increase since 2016—this is one time keeping up with the Joneses might just save your hide (and your pet’s).
When it comes down to it, sitting in a vet’s office trying to decide if you can afford to relieve your pet’s suffering is an experience anyone who has been there will tell you to avoid at all costs. More than 60% of pet owners surveyed by the AVMA said they considered their pets to be members of the family as opposed to say, merely “companions,” or “property.” For most, the thought of losing their family member to “economic euthanasia” is unbearable.
When it comes down to it, it isn't just about protecting the health of your pet. Pet insurance gives you peace of mind, knowing you’ll always be able to make the best decisions for your pet, regardless of how much you have in the bank.
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