Declining number of students applying to and being accepted into veterinary colleges, expensive state-of-the-art equipment, liability insurance, expensive prescription drugs, veterinary clinic/office maintenance costs have bloated pets Owner invoices to unprecedented levels of pricing.
When a beloved family pet suddenly becomes ill or is injured in an unforeseen accident, many pet owners are forced to euthanize the family pet in a decision called financial euthanasia. Many families’ pets would have been saved from financial euthanasia if only owners had considered purchasing pet health insurance.
The average dog owner’s veterinary bill is about $211 a year.
The average dog owner visits the local veterinary office about 2.8 times a year. Typical reasons for dog owners to take their family dog to the local veterinarian include basic routines such as checkups, vaccinations, dental care, spaying or neutering, nail trimming, and heartworm checks. for good health care.
A typical cat owner visits her 2.3 times a year to the veterinarian for nail removal, physical examination, vaccinations, dental care, spay surgery, and treatment for ear mites. D. The average annual cost of these 2.3 visits to her local veterinarian is approximately $179. These statistics are based on a 2005 survey by the American Pet Product Manufacturers Association.
Pet Medical Insurance is insurance that helps pay veterinary bills if your pet becomes ill or injured. Depending on the policy purchased, your family may be reimbursed if your pet is stolen, lost, or dies. Pet owners purchase pet health insurance for a variety of reasons. The number one reason people buy pet health insurance is to pay an unexpected and very high veterinary bill. In many cases, purchasing pet health insurance can mean the difference between recovery and financial euthanasia for many pets.
Pet health insurance is not a new concept.
Owners of horses have insured their prized show and leisure horses against expensive medical bills and death for years. Europe has had limited health insurance since the 1940s, and about 25% of all pet owners in the UK have some form of pet health insurance. It is estimated that about 50 family members’ beloved pets have some type of pet health insurance. All developed countries offer some form of health insurance for pets.
Many dog owners in the UK also have insurance called third party liability insurance. This insurance became popular after the enactment of the Animal Act of 1971. The law states that dog owners are held responsible if their dog is directly responsible for an accident, such as a car crash.
Pet health insurance coverage typically does not cover potential genetic diseases, pre-existing conditions, and typically includes caps on surgery and other medical expenses.
Some pet insurance companies will also cover the cost boarding your pet at a local kennel or veterinary hospital.