Pet insurance is difficult to evaluate just as any other type of insurance would be. We get it, making this decision can be difficult. The difficulty comes from thinking about the multiple coverage options (what health conditions are and are not covered), the difference in the cost of treatments and comparing the cost of one emergency vet visit versus paying a fee every month.
 
Just like our insurance, pet insurance helps alleviate some of the costs of keeping your pet healthy. You can choose from different levels of coverage, with each plan costing a monthly or annual premium based on how much coverage you choose.
 
Pet Insurance Needs are Personal
 
Pet insurance needs are more so for peace of mind and being prepared in case of an emergency. Like property insurance (car, home, etc.), you won’t necessarily “save” or “make” money in an average scenario, but in the event of a catastrophe, you may find it’s worth the investment. At the end of the day, when it comes to purchasing pet insurance you have to think about how important it is to you.
 
Evaluating benefits of Pet Insurance
 
It is difficult to evaluate if something is worth it when it is not exactly clear what it is that you are buying. Some experts evaluate cost vs benefit of pet insurance based on average vet care cost vs average pet insurance premiums. That gives you some idea of the costs but doesn’t cover all the different scenarios that might be in your pet’s future. It is not the average scenario that you’re concerned about when you’re buying insurance. It’s more about dealing with your worst fear when it comes to the wellbeing of your dog or cat. What you may seem is many websites that evaluate the quality of pet insurance based on the customer feedback. However, feedback is often subjective and doesn’t always reflect the real quality of the something. And since insurance is a financial product, there should be a way to assess its actual value through quantitative approach.
 
Our Solution:
 
We are hoping to build an analytical tool that will essentially find the best insurance for each pet parent based on all the relevant factors. It’s a lot of information to take in, and you want to make sure you are not only giving your pet the best care but also make sure you aren’t over paying too much for that care.
 
In the meantime, I am going to share my journey of choosing pet insurance for my dog, Golden Retriever named Brenda. Click here to learn about my journey of searching for pet insurance for Golden Retriever in California.