Hi guys...Max is almost 5 months old now...I was wondering if anyone has pet insurance for their loved ones? I was considering getting it for Max...mainly because I am seeing how much they cost once they get older (with my almost 14 year old).YIKES...Anyways, if anyone uses it I could use some feedback and specifics...coverage, cost, name, etc..Thanks
I bought VPI Pet Insurance for Mason (2 yr old maltese/toy poodle) in October 2007. My annual premium is $390. I have the maximum coverage. I'm kind of torn. Recently, Mason was diagnosed with giardia. I spent around $350 for the diagnosis and treatment. VPI does not cover any internal parasites. I was only reimbursed $35 for the fecal test.
Like you, I bought it for any problems that he might have in the future (i.e. cancer). At this point I am debating whether or not I will renew coverage. I figure I could set up some kind of account for him and each year deposit the annual premium and at least earn some kind of interest.
I have until October 2008 to decide what I'm going to do.
$390 sounds like a lot for VPI. But I cancelled my dog's policy a while back and all I have is the cats at $165 each per year. If you do get the insurance, I would not advise adding the Preventive coverage. It's like and extra $100 and for the scheduled amounts it covers for each service, I was not getting back enough to justify the extra cost for the policy. My cats have the Superior plan without Preventive Care. You can run a quote on their website and see how much it would cost and what it would cover. I did check the other companies and they seemed way too expensive. Bailey had an accident (or rather, I had an accident with some scissors and her tail) that cost me $450 and if I had the policy then, they would have reimbursed me at least half. I insured all the kitties later that week before anything else could go wrong. But you are better off to get it sooner than later because they charge more and/or do not accept older pets.
can I ask...Are you guys from Canada or US? I am pretty sure there might be a difference in policies. I am just trying to gather data before he gets too old. I am just not sure in what direction to go.
I would never purchase pet insurance. I have looked over several, and most are very expensive, and don't cover much. I give my own shots, so I save a bundle there. My dogs see the vet once a year for a check up and then Rabies is ever three years. If I take them all at once, my vet give me a discount on the office visit. My puppy broke her leg playing, and I paid for it out of pocket. When I looked up what I would have saved, it was not worth what I would have paid for monthly fee. If you are really that worried about what a dog would cost if something major happens to your baby. Here is my opinion, and what I do
Look at all the different insurances, and find an average price per month per pet. I figured about $40-60. Take that money and open a savings account at a bank. Put that money in every month and never touch it. Use a different bank if you are like me (it burns a hole in my pocket if I want something). I never look at the statements, and try my best to forget. In the long run, you will have a nice savings that will cover just about any emergency. Most vets understand if you have to go to the bank and get funds, and if it is that big, they would have to keep the dog anyway.
This is just what I do. I see no reason to pay someone else the money I could save myself and use on my dog. It seem crazy to me.
That is a good idea...some people also get another credit card and use it just for pet emergencies. I have insurance for my dog because when I got her, my friend had gotten a puppy as well and he ended up with parvo and spent a ton of money for fees. So that freaked me out plus his puppy had spent the weekend at my house so I was afraid my puppy would get it. The insurance I have covers everything from vaccines and her spay. i do pay a lot but I am planning to go to the standard level of coverage. The deductible I paid last year was ridiculous and this year, it's been reduced by half. Also keep in mind that some companies also charge a higher deductible as your dog ages. I live in Canada and there's a company called Vet Insurance which doesn't charge a deductible and pays 90% of claims - there's a lifetime limit of $20,000. the premium is about $6 higher than my company but if there's no deductible and limits as to what is covered, then it may be the way to go.
However, putting money aside or having an extra credit card is a good idea if you are disciplined enough. If you can set it up where it comes out of your account into the savings account every time you get paid, then you wouldn't even notice it.
In order to really enjoy a dog, one doesn't merely try to train him to be semi human. The point of it is to open oneself to the possibility of becoming partly a dog. ~Edward Hoagland
A yorkie breeder I know recommends keeping a savings account for vet costs. She says it's much more practical especially if you have more than one dog. That way you don't have to deal with paper work or worry about what is covered and for how much. It's an option to consider and you would be in complete control of your money. Plus you would be earning interest.
Thanks for the input everyone. I am going to start a separate savings account. Just like I do for my human children. I just want to make sure as Max grows we have all the funding we need should an emergent situation occurs. After all, he is one of my kids! Thanks again!