Pet Insurance

Some people often have the wrong attitude about pet insurance. For example, it’s not uncommon for someone to say they would rather just open up a savings account to pay their veterinary expenses rather than “waste” money on pet insurance.

Pet Insurance Tips:

  1.  People buy insurance of any kind to help them pay for large, unexpected or unplanned expenses for which they would have trouble paying for out-of-pocket.
  2. There are a several companies offering policies in Canada and coverage has vastly improved.
  3. If you are willing to spend several thousand but you’re worried about how you would afford it, then you should at least look into purchasing pet insurance.

Pet Health Savings Account

Having a pet health savings account is a good idea but not instead of pet insurance. The reason is obvious. What if two months into your savings plan, your pet becomes seriously sick or injured and requires treatment totaling several thousand dollars? You would not have enough saved. That’s when a pet insurance policy comes in handy. And situations like that happen all the time in veterinary hospitals. Another comment we hear a lot is there are too many exclusions. Pet Insurance companies are constantly changing so do the homework. There are different plants, different premiums etc. There is usually something for everyone. Some companies even allow you to customize your policy by selecting from several deductible and co-pay options to find a premium that fits your budget.

Once bitten…

If you’ve ever had a pet that was seriously injured or ill, where you spent hundreds to perhaps thousands of dollars for your pet to be treated, you are likely more receptive to the idea of buying pet insurance. In fact, in hindsight, you’ve probably thought that pet insurance would have come in handy. You may have even purchased pet insurance just because of such an event.

On the other hand, if your pets have always been relatively healthy and you’ve never been faced with a large, unexpected vet bill, you might be thinking, “Something like that has never happened to me and probably won’t, so buying pet insurance would just be a waste of money.” Perhaps you know some pet owners who don’t spend much money at all on their pets. They have the attitude that if anything were to cost more than $500 they would not treat their pet. Surveys have been done asking pet owners how much they would spend to save their ill or injured pet. A large percentage of pet owners respond that they would be willing to spend “any amount” to save their pet. It has been our experience as a Veterinary Hospital that in reality they aren’t so sure when it actually happens to them.

What’s that you say?

Often, your veterinarian will want to refer serious emergencies or complicated surgeries or medical cases to a specialty or emergency hospital. Specialty and emergency hospitals (when needed) play an important role in providing quality healthcare for your pet, and can often be the difference between the successful or unsuccessful treatment of your pet. But because these hospitals often deal with life-threatening problems that need intensive care, the fees are usually higher than what you would pay at your regular veterinarian’s hospital.

We believe specialization in veterinary medicine will only increase in the future. Therefore, odds are that your veterinarian will refer your pet to an emergency or specialty hospital one or more times during your pet’s lifetime. This will usually involve a large and often unexpected veterinary bill.
So, if your pet were seriously sick or injured and required major surgery and/or an extended hospital stay, would you be willing to spend $5,000 or $10,000 if required?
We believe that more and more pet owners will purchase pet insurance in the future because technology and the costs of delivering quality healthcare to pets has grown significantly and the real winner in the end is our beloved pets.


Central Animal Hospital