Pet Health Insurance - Which One?
Just got a new dog and want to get her Pet health insurance. Which One?? We are looking at Nationwide, Trupanion and Petplan. Does anyone have any experiences with any of these.
Forum Discussion
I have looked at pet insurance over the years, and with my last two Golden Retrievers, I calculated the total costs including end of life care that went into the thousands with each, and then calculated what I would have spent on the insurance. The math always works out that I am better off self-insuring.
Of course that is exactly what insurance is- collect many from many people and pay it out to few people. The goal is to collect more than they pay. The odds with insurance is never in your favor.
Another rule with insurance is to never insure what you can afford to replace on your own. That is why you insure your house but not your toaster. IF you could not come up with several hundred or thousand dollars for vet care, then the insurance is money well spent.
I was in a vet office once and my heart was breaking for a family who could not afford the $2000 it was going to take to save their beloved pet. But, if you cannot afford the care, you should not have a pet (well maybe a goldfish).
Of course that is exactly what insurance is- collect many from many people and pay it out to few people. The goal is to collect more than they pay. The odds with insurance is never in your favor.
Another rule with insurance is to never insure what you can afford to replace on your own. That is why you insure your house but not your toaster. IF you could not come up with several hundred or thousand dollars for vet care, then the insurance is money well spent.
I was in a vet office once and my heart was breaking for a family who could not afford the $2000 it was going to take to save their beloved pet. But, if you cannot afford the care, you should not have a pet (well maybe a goldfish).
