Buying a pet life insurance policy is a good move if you're the sort of person who hates the idea of losing your pet but hates even more the idea of not being able to pay for your pet's vet bill or medicine.
Why should you insure your pet? Well, why do people get life insurance for themselves? It's simple: to have the peace of mind and assurance (phrases endlessly repeated by salespeople, yet important realities to consider) that emergency medical costs won't break the budget. Just pay the premium and your pet is saved!
Veterinary Pet Insurance (VPI) is probably the first American company to extend life insurance offers to people's pets. In 1980, VPI was founded to provide all pet owners with inexpensive life insurance coverage for their beloved pets - dogs, cats, horses, you name it. With their flexible coverage levels, you can create a personalized plan for your pet bird or dog or cat. Over a million pets have been insured by VPI.
At MSN.com, you’ll find an interesting article about the pros and cons of life insurance for pets. While insuring your pet may be costly (although rates are dropping slowly over time), you should consider getting life insurance for Fido or Felix, especially if you’re the kind of person who would pay any amount of money to ensure your pet’s well-being. Of course, you could also save the money in the hopes that you would have enough on the rainy day that your pet gets hit by a car or gets suddenly sick with food poisoning. Might work, might not. But that's what life insurance is all about, isn't it?
Another good pet insurance company is PetCare, which offers life insurance for dogs and cats in the U.S. and Canada. PetCare offers plans starting at around $10 monthly, but your premium may vary based on the health and age of your pet. You can get a quote online for free to help you choose if PetCare is the right life coverage company for you and your pet.
Another option is not insurance at all, but rather a savings and discount plan: Pet Assure. This plan allows you to save up to 50% on pet products and services and up to 25% on vet services nationwide. There is a string attached, though: only participating businesses will give you the discounts. Just check with your vet to see if he or she allows Pet Assure's plan in the office.