Is pet insurance worth it for older pets?
When it comes to taking care of their dogs and cats, there are few limitations to what a pet owner will do. They want their pets to live long, fruitful and happy lives and will do what they can to ensure that. The cost of accomplishing that goal, however, can often be significant.
Expenses like food, grooming, boarding and basic veterinary care can quickly add up, particularly in today's economic climate. Fortunately, pet insurance can offset these costs by reimbursing owners for a wide variety of visits and treatments.
To get the most out of a policy, owners should time the application as carefully as possible. They don't want to get it too early and pay for coverage they may not need, but they don't want to wait too long, either. To that second point, many owners may be wondering if pet insurance is worth it for older pets.
Despite some popular thinking, pet insurance can be worthwhile for older pets - and it doesn't need to be very expensive. In this article, we will break down three reasons why pet insurance may be worth it for older pets.
If you're considering pet insurance for your pet, start by getting a free price quote to learn more.
Is pet insurance worth it for older pets?
Here are three reasons you may want to insure your older cat or dog.
It can still help reduce costs
Pet insurance is arguably most valuable when your pet is young and coverage options are robust. But that doesn't mean it's not good to have when your pet is older. Having the protection and security a pet insurance policy can provide is invaluable at all stages of your pet's life.
Simply think about the costs you normally incur for items like wellness visits, medications, accidents and emergencies. Pet insurance may not be able to cover all of that, but it can certainly help reduce the costs you'll otherwise pay in full.
Just remember that pet insurance works on a reimbursement model, so you'll have to pay for services rendered the day your pet received them and then submit an invoice to get paid back.
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Your vet visits will increase
There are two times in your pet's life when you can expect to make more trips to the vet than usual: hen they're young and in need of preventative care and vaccinations and when they're old and require more medical interventions and treatments. If you're comfortable having pet insurance for the first stage, it makes sense to secure a policy later in their lives, too. Otherwise, you'll need to foot the full bill for monthly (or even weekly) vet visits.
That said, don't just sign up with any provider. Speak to your vet first about your pet to see what they recommend. Many veterinarians can help owners tailor their prospective pet insurance coverage so they only pay for what they need now or will need in the short term.
It can provide peace of mind
Pet insurance offers financial security but, like other insurances, it offers something money can't buy: peace of mind. By securing a pet insurance policy for an older pet, you'll be able to relax knowing you have the financial assistance you need when the inevitable occurs.
Pet care can be expensive, particularly as your pet ages and options to improve their health become scarcer. Pet insurance can't solve everything, but it can provide some much-needed peace of mind, arguably for when you need it most.
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The bottom line
Pet insurance can be valuable for pets of all ages, even older ones. While not as cost-effective as it would be for younger pets, it can still help reduce costs owners would otherwise be stuck paying in full. It can also be a reliable backup as visits to the doctor increase in your pet's golden years. Finally, it can provide peace of mind and security so you can focus on enjoying valuable time with your furry friend.
