Is pet insurance worth the money? Who here has it?

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Bas Pels
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Re: Is pet insurance worth the money? Who here has it?

Post by Bas Pels »

For fish it is not worth the cost, as most vets don't know anything about fish.

Dogs are not catfish, I won't go into that subject
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Viktor Jarikov
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Re: Is pet insurance worth the money? Who here has it?

Post by Viktor Jarikov »

There are two schools of thought, as usual. One school is as old as the world. The other is relatively new, perhaps several decades old, it appeared in the wealthiest western civilization and many people subscribe to it... for seemingly good, humanitarian reasons, which I don't share though.
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Re: Is pet insurance worth the money? Who here has it?

Post by TwoTankAmin »

Pet insurance is still insurance. My experience having insured cars. a home and valuable articles and excess liability is that if you have it, you often never use it. However, if you don't have it, you will regret it sooner or later.

With home insurance we had not used in years until we had a mold issues which was partially covered.
With car insurance I had to use it a few years back. A very slow speed collision. Prior to then I had not filed a claim for decades. I have paid the excess liability for ages and never had cause to use it. I am sure if i cancelled the policy somebody would have a slip and fall here and I would be sued for all I am worth and then some.

So how does this help you? Basically, it depends upon the potential risk v.s. the yearly cost to protect against that risk. However, it is a lot easier for an adult to decide to put a pet down than pay a huge cost for medical care. Children do not understand this. When they become attached to a pet, it becomes a family member and money is no object should it need medical care. So, the issue is not if the insurance is worth it to the pet but rather to the family which "owns" it. That also means it may boil down to the cost of the insurance and if it is affordable. It also depends on one's ability to pay for pet medical care out of pocket should the need arise if insurance is not purchased.
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Viktor Jarikov
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Re: Is pet insurance worth the money? Who here has it?

Post by Viktor Jarikov »

If the said adult caves in, I believe it would teach children a wrong message in the "it's the right thing to do" wrapper, that is, that animals are as valuable as people. You got 2-3 grand to spend on an operation on your dog? That's fine and dandy and humane.

Also, please, remember that $5 can feed a homeless orphan for a whole month in the poorest parts of the world. You can literally save that child with 2-3 grand. Just because you don't see their sad eyes in front of you, as you see your dog's eyes (and surely your heart is breaking), doesn't make them vanish. I believe that since we don't have endless means, like a wise merchant we should buy only the best and choisest things, which are to each their own...

Surely not taking sensible care of one's pet is wrong, no question there. Equating animal and human lives is as wrong. The golden path is in the middle. So much extremism in the world these days...

$0.02.
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Re: Is pet insurance worth the money? Who here has it?

Post by TwoTankAmin »

I would not want to be in a home seeing the reactions when the parents told their young children that their beloved pet was going to die because mom and dad are not willing to pay what it cost to save it.

In the 1950s I watched our dog, which was maybe my best friend in the whole world, get killed when it was run over but a police motorcycle. I never kept another dog and I can still see that episode in my memory some 60+ years later as if it had happened yesterday. Moreover, I still have a somewhat negative view of the police to this day even though the dog was at fault.

What also occurs to me here, since this is a fish site, is that we all spend a decent amount of money keeping fish. How many starving children could each of us feed if we had no fish or tanks and instead donated that money. How about our cars, could we own cheaper ones and donate the difference? How about our homes. could we not live in less expensive smaller homes and less expensive neighborhoods?
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Re: Is pet insurance worth the money? Who here has it?

Post by Viktor Jarikov »

In no way the following is a personal argument with you. Only some general thoughts of mine on the topic that'd be applicable to anyone.

A statement similar to the above I would consider rather emotional and factually wrong because it is only partially right. The dog would be dying first and foremost from its illness, injury, or age and not as much because of the parents financial decisions.

Many human lives too could be saved or prolonged if they were provided more and better and more expensive medical care. That and many other things, such as how many starving children one can feed, and what to do with one's finances are a private matter of everyone and they are assessed by one's conscience. It is also tempting to reason like that to convince oneself that there is nothing one can do at all.
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Re: Is pet insurance worth the money? Who here has it?

Post by JamesFish »

Depends who you ask and the value you place on your pet.

I have 2 dogs and both are insured.

The first one cost £6000 in year one and £4000 in year 2. He has had 3 stable years and is now back in care.

Cost of insurance is lower than the cost of the vets so far. That said he has required 20x the price of the puppy to care for. But he is my pet and I will do everything and spend as much as I can.

I recommend it. As although the cost continues to rise it gives peace of mind.
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Re: Is pet insurance worth the money? Who here has it?

Post by Ethamor »

We have two dogs and one cat. The dogs are very playful, and when I say playful, I mean it! Sometimes they get injuries, and insurance saves us a lot of money. We even had an accident with one of the dogs, he had eaten one piece of his toy, and we had to bring him to the vet. He had to undergo surgery and then remain hospitalized there. A drawback is that it doesn't work for everything. It's almost always meant for accidents or some emergency things. You can read more on petinsurancereview.com. Without insurance, it would be much more complicated in our case.
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