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What is pet insurance—and do you need it?
– moneysense.ca
As pet insurance becomes more common and available, you’ll have better opportunities to select the coverage your pet needs at a price you can afford. Before we get into the costs, let’s step back and see just what pet insurance is and what it covers so you can decide if your pet needs a policy in the first place.
What is pet insurance?
Pet insurance is a type of insurance policy that you purchase from an insurer that offers this specialized form of coverage.
You’ll pay a monthly fee, called a premium, to keep your policy active (and your pet covered). If you need to take your pet to the vet for a covered issue (like an accident or illness), you pay the deductible and the insurance company kicks in to reimburse you for the remainder of the bill…
Is pet insurance worth it in Canada?
– moneysense.ca
When your budget is tight, it’s only natural to wonder if adding a pet insurance premium to your list of expenses is worth it. While it might make sense for some pet owners, others might do better by focusing on saving for pet expenses with a high-interest yield account.
We’ll walk you through the current landscape of pet insurance and discuss current premium costs to help you decide if purchasing a policy makes sense for your pet and your wallet.
Watch: Is pet insurance worth it?
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