should i cancel Arnolds pet insurance n start saving money myself or is that too risky?
Topics: pet insurance plan | 6 Comments »By admin | March 11, 2010
does anyone not have their pet insured? becuz imagine how much the insurance will be by the time hes 10yrs+!
Posted by GPS on 03.11.10 11:16 am
I dont have pet insurance,
never have never will
Posted by animefreakalot on 03.11.10 12:10 pm
I have thought about this before and I came even close to purchasing a policy. After researching, doing the math, it came down to: its not worth it. For example: it would cost 80-100 dollars to insure my dog for 1 month. There are certain restrictions and a yearly “allowance” that is taken out of the money saved and sent back to you. If I saved the money in a bank, I could collect interest and I won’t lose any money and if I don’t ever need to use it, I have a lot of money left over.
Posted by Jamie on 03.11.10 12:40 pm
All my pets are insured. What happens in a trafiic accident? What about eating something and the vets bills. I never want to be in a position where it’s cheaper to put an animal down. The insurance stops this. Also insured for damage to other people’s property
Posted by *** sweetheart *** on 03.11.10 12:45 pm
i dont have pet insurance, generally because they dont cover major surgeries and most operations/procedures.
i have a seperate bank account where i put a certain amount of money in every pay….your better off just doing that.
Posted by Becky on 03.11.10 1:20 pm
Actually by the time he’s 10 yrs, he will no longer be covered by insurance. I tried insurance for a while on one of my dogs and found it to be very ‘not’ worth it, especially because it doesn’t cover older dogs. The vets I dealt with didn’t accept the insurance co’s. allowable rates for treatment. Those amounts were about half of what the vet charged, ..and then they’d only pay about half of that allowable amount. Unless you can find a vet that accepts those amounts, I don’t recommend it. If your dog is young, you’re better off putting the $30/mo or more in an interest bearing account. Also get a credit card that you save just for veterinary emergencies.
Posted by Pet Insurance on 03.11.10 1:53 pm
It really depends on what kind of coverage you’re getting. Take a look at the various pet insurance websites and check:
* what % of vet fees they reimburse
* if this changes with age
Don’t hesitate to call the call centres to get more detailed information as you don’t always find everything online.
You can put money on the side for when your pet gets ill or has an accident. That may be OK for a one-off (from a few hundred dollars to £1000) but what if your pet needs ongoing treatment for months/years?
You have to think in the long term because as your pet ages, you will start claiming – for sure.