Pet Health Insurance: Worth It?
The Wall Street Journal recently published results of their tests of several pet health insurance companies. Their findings in brief:
Buying pet insurance, we learned, is a crapshoot -- just like any other policy. The occasional benefits checks we received seemed to take the edge off veterinary expenses. But we soon realized that our premiums could ultimately cost more than veterinary care over our pets' lives. For example, one of our policies would cost about $4,200 over 10 years. Pre-existing conditions are generally excluded in policies. So insuring our pets in their infancy, before those ailments developed, could have helped offset bigger bills as our pets grew. We'd consider buying a policy for breeds prone to specific health problems -- such as pugs, who often suffer eye conditions.
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