Although pet insurance has been available in the U.S. for a while now, apparently not that many people purchase it. I don’t know anyone who has it, and I have a lot of friends with pets.
Some reasons why they don’t purchase pet insurance:
- It’s too expensive. A decent plan can cost $500 to $1,000 per year, per pet.
- It’s too difficult. You must pay the veterinarian, then file claims and wait for reimbursement. And, you have to deal with exclusions, waiting periods, deductibles, benefit schedules, maximums (per incident, annual and lifetime).
- Too much fine print. The average policy excludes more than 200 conditions/procedures, and pre-existing conditions are excluded.
- It doesn’t pay. Consumer Reports seems to agree. In an August 2011 review, Consumer Reports said pet insurance is rarely worth the cost. Read their findings.
Have you tried pet insurance? If so, I’d be interested to hear your experiences with it. Either leave a comment or email firstname.lastname@example.org
A press release I received today claims one solution might be a Pet Assure Veterinary Discount Plan. It’s not insurance; instead, the veterinary practice provides a discount to Pet Assure cardholders. ,
According to the press release:
- Almost 10 percent of the nation’s veterinary practices participate in the Pet Assure program.
- It’s affordable, costing less than $100 per year.
- The plan is simple: instant savings at the time of service.
- It has no fine print. Any and every medical condition and procedure is covered, even pre-existing conditions.
- It pays itself, saving the average pet family a lot more than the cost of a Pet Assure card.
Have you tried Pet Assure yet? If so, what do you think of it?
For details, visit www.petassure.com.