Pet Insurance: Rip-Off Or Life-Saver?

Pet Insurance: Rip-Off Or Life-Saver?

Pet insurance is a hotly debated topic for dog owners, vets, and others alike. As an informed owner, it is something you’ll want to understand.

So what is it?

Pet insurance is an insurance policy that pays for your vet bills should your dog get injured or sick. Most policies limit what they cover, and many reimburse you for money spent vs. paying the vet directly.

Why does this even matter? According to the ASPCA, the average yearly cost of a dog is $1,000 – $2,000. This does not include an emergency vet visit. Those can run $500 – $5000 depending on the care needed. Alternatively, the yearly cost of pet insurance can range from $300 – $500.

A survey by the Associated Press found that a significant number of pet owners (41 percent) are extremely or somewhat worried they cannot afford the medical bills for a sick dog.

So, is pet insurance the answer? It depends.

Buying pet insurance is both an economic and emotional decision that needs to be based on your personal financial situation and what you’re willing to pay for peace of mind. If you can afford to set aside an emergency fund of $3,000-$5,000 for your pup’s care then you are probably good to go. If you can’t, then pet insurance could work for you. The right policy can be a big asset to your dog’s health.

Let’s be frank – it’s all about our dogs. No one in the moment of some unforeseen issue wants to have to worry about the costs. We all want to focus on our fur babies and give them the best care possible.

Odie offers flexible, customizable pet insurance plans at affordable rates, plus:

• Up to 90% reimbursement
• Free 24/7 vet chat
• 30-day money-back guarantee*

Find out if pet insurance is right for you with a free quote from Odie!