Cat Insurance: Do You Need It?

Many people question whether or not they need pet insurance and if it will be beneficial to them. Cat insurance falls under this category. It isn’t uncommon for people to say they would rather open a savings account for their pet than pay insurance premiums; however, that can be wasting money. People pay for insurance to help cover their unexpected expenses instead of needing to pay out-of-pocket, so why not do the same for your beloved kitty.

There are many reasons why you would need cat insurance, all of which help your cat and your bank account. Cat insurance may seem unnecessary and a waste of money when you don’t need it, but in moments where your cat is in the hospital for a few days or needs sudden surgery it is a lifesaver.

Indoor and outdoor cats are both prone to injuries and illness no different than any other animal. In fact, 4 out of 5 pets will have a medical emergency throughout their lifetime, so to cover large costs pet insurance is necessary. Cat insurance is helpful in the end to pay for those unplanned costs. Instead of worrying about paying out-of-pocket and saying bye-bye to all that money, depending on your insurance plan, you may only need to pay 10% for your cat once you are reimbursed by your insurance company.

Because cats are more sedentary in nature it can be more difficult to know when a cat is displaying symptoms. If you feel that something is wrong call your vet or take your cat in to be sure everything is okay. Although cats tend to have fewer veterinary visits than other animals when they do have an illness or injury costs can be in the hundreds to thousands.

Many people fear filing claims will increase their pet insurance premiums, but not to fear it will not increase premium. Depending on your insurance plan you may be able to receive up to a 90% reimbursement. This means that you will originally have to pay your vet and wait for the money to come to you from the insurance company. Some insurance companies now directly pay vets’ but some do not, so ask what your company does to see which is most beneficial to you.

If you’re someone who has already handled a situation where your cat is ill or injured in hindsight you probably wish you had insurance for your kitty. Many pet owners are willing to spend any amount of money on their cat to be sure he/she is taken good care of, so why not purchase cat insurance? At times your vet may wish to send your furry friend to a specialty hospital or clinic where bills will probably be even higher.

Many insurance companies now allow you to customize your policy for your cat by selecting multiple deductibles and copay options. In the end, cat insurance allows you to budget for your cat’s health care expenses and provides peace of mind in case of unexpected emergencies. You and your beloved kitty will both be much happier to know that he/she is healthy, happy, and safe with insurance. Contact us with any questions you have about your kitty!


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