Is pet insurance worth it?

"If you've ever taken a sick pet to the vet's office, you know the pain of seeing your four-footed family member hurting. Then, of course, comes the secondary anguish of figuring how to pay for their veterinary care, which may have you wishing you'd ponied up for pet insurance. While Insurify reports that the average cost of a routine vet visit is about $138 for a cat and $214 for a dog, emergency veterinary care can run the gamut from $300 to $10,000,"

"Typically, there are three types of coverage options for pet insurance: accident-only, accident and illness, and wellness coverage, according to the North American Pet Health Insurance Association (NAPHIA). Just like it sounds, accident-only will pay for veterinary care when your pet needs treatment because of an accident. This is the least expensive type of pet insurance coverage. Accident and illness coverage will cover treatment for accidents and also any other injuries, disease, or changes to your pet's normal health."

"This might include some kind of embedded wellness coverage, but that is usually a rider or add-on to an accident and illness policy. Finally, wellness coverage-which most insurers will not sell as a standalone plan-is a preventative or routine care plan. It generally includes coverage for things like vaccinations, tests, and dental work. This is the most expensive type of pet insurance available, in part because it's usually purchased alongsid"

Pet insurance functions like human health insurance: owners pay monthly premiums to help cover veterinary bills for dogs, cats, and some exotic pets when claims are made. Routine vet visits average about $138 for cats and $214 for dogs, while emergency care can range from $300 to $10,000. Typical coverage types include accident-only (least expensive), accident and illness (covers injuries, disease, and health changes), and wellness (preventive and routine care, often sold as an add-on). Wellness plans generally include vaccinations, tests, and dental work and are typically the most expensive option.

Read at Fast Company