Should I Buy Dog Insurance?

Remember a few years back when that woman who did the chatty, Hollywood-gossip show had her legs insured? Mary Hart paid for a policy from Lloyd’s of London for one-million bucks. That’s chicken feed compared to Mariah Carey. In 2006 she took out a $1 billion insurance policy on her legs.

People do stupid things with their money. But, if they have it, they can’t be all that dumb. Still, think of all the children starving in China, as gramma used to say when you refused a small bowl of peas.

A Member of the Family

Some of us think of our mutt as a member of the gene pool. God forbid anything would happen to our best friend. But it does. It will. And with technology flashing into the future at a fevered pace; take a serious look at what it could cost you to put your pets on their paws after a brush with something that could sideline your star player: 

Dogs*

Cats*

Condition Average fee Condition Average fee
1. Intervertebral disk disease $2,844 1. Foreign body ingestion (small intestine) $1,629
2. Lung cancer $2,032 2. Urinary tract reconstruction $1,399
3. Gastric torsion (bloat) $1,955 3. Foreign body ingestion (stomach) $1,391
4. Foreign body ingestion (small intestine) $1,629 4. Rectal cancer $1,011
5. Cruciate rupture $1,517 5. Bladder stones $989
6. Foreign body ingestion (stomach) $1,398 6. Intestinal cancer $942
7. Cataract (senior) $1,244 7. Hyperthyroidism (radiation) $920
8. Bone cancer $1,059 8. Fibrosarcoma (skin cancer) $780
9. Pin in broken limb $1,000 9. Acute renal failure $565
10. Brain cancer $916 10. Mast cell tumors $497
* Treatment costs vary on a case-by-case basis. Dollar amounts reflect average initial claim fees submitted to Veterinary Pet Insurance and are not intended to suggest typical reimbursements, reflect average national veterinary fees or account for continuing fees associated with a particular condition. Source: VPI via Bankrate.com.

 

There Goes This Year’s Vacation

Those of us who’d give an arm-or-a-leg for our pups, you might want to entertain the idea of purchasing a policy for your pet.

What the folks used to do was “put an animal to sleep” in lieu of a medical procedure could extend the poor thing’s life. Kidney transplants, orthopedics, chemo and radiation therapy are becoming somewhat commonplace.

Take it back to 2010. Americans doled-out well-over 45-billion bucks on their faithful companions. And it seems that every year, that cost increases anywhere from 7-to-10 percent. While we’re throwing around some numbers, more than 25% of that total sum went to vets. Considering that we’ve got, on average, 80-million dogs and 80-million cats in the U.S., only around 900-thousand policies were sold to protect these loving critters.

Google It

If this type of coverage appeals to you, slip the words “pet insurance” into a search engine. You’ll get quite a few hits.

Or visit the American Kennel Club for even more information on health insurance for your animals. You and the cat are not Mariah Carey. You only want a policy that’s going to protect your investment.

That’s right. If you’ve spent hundreds of dollars on a certain breed of gun dog, hundreds of bucks on training and devices to speed along the learning process and countless hours of time on your four-legged hunter – think about it. Are you going to take a $3,000 investment behind the shed and put a bullet between its sweet eyes?

Don’t be penny-wise and pound foolish if you’ve just purchased a pup. You will be pleasantly surprised how inexpensive a policy can be. And when you take your buddy to the doctor because it just doesn’t seem to have the pep it used to have, by securing a policy, you might still be able to afford that vacation this year. Even if you’re just going to Akron.

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