How to Cover Expensive Veterinary Bills -- Trupanion Pet Insurance
Veterinary technology is advancing and becoming more expensive to the point where the cost of quality veterinary care often exceeds a pet owner's budget. Many pet owners are forced to choose between burdensome debt or medically neglecting their pet.
According to the American Pet Products Association, only 2% of all United States pet owners currently carry pet insurance and up to 6% of pet owners will by 2010. Pet insurance tends to cost between $2,000 and $6,000 over the lifespan of the average pet.
Christine Merle, an Indianapolis-based veterinary consultant quoted in this Chicago Tribune article on pet insurance, suggests pet insurance policies be thought of, in a financial sense only,
as more akin to car insurance than human health insurance. You're hedging your bets against paying out of pocket should catastrophe strike.
"It's like indemnity insurance," Merle said. "For individuals looking at how to reduce the cost of vet care, especially the accident and illness side, and who don't want to have to make a financial decision, it can be useful. Is it for everyone? No."
One affordable and practical type of coverage we have found is a high-deductible plan, such as the Trupanion Veterinarian-Approved Pet Insurance, recommended by PETCO.
This American Animal Hospital Association guide will help you to prepare yourself for potentially expensive urgent pet care.
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Posted by Molly & Jessie at July 27, 2009 8:24 AM
Suggesting pet insurance policies "be thought of as more akin to car insurance than human health insurance" only continues to create the perception than animals are property.
Pet insurance should be about the care of a loved family member and I believe the animal welfare community should support only companies that really believe this.