This post was written by Claudia Gale
Growing up in a family that always included our furry friends, yet that never forked over the pricey premiums for pet insurance, has left me skeptical and conflicted. I want to provide the best care possible for my two senior kitties (with health issues), but find myself paying an arm and a leg for each visit to the vet or each case of prescription food. Is pet insurance the solution?
Sitting down to weigh the costs (I’m both in denial and bad at math), most plans have an upper limit on benefits, restrict coverage for certain conditions, and have increasing premiums and deductible as your pet ages. As my cats move into their golden ages, the expense of having pet insurance would outweigh the benefit. For some, however, pet insurance may be worthwhile.
Shop around to find the best solution for your pets as there is no one-size-fits-all plan. Do your research and ask for recommendations from friends, family and your vet. Read the fine print! Some features you will want to consider are: enrollment period, benefit limit, deductible, coverage for pre-existing conditions, coverage for preventative care and monthly cost.
Pet insurance for our four-legged friends is not for everyone, but many Canadians feel that it’s worth every penny.