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Is pet insurance worth it?

By Kara Bednarik

Is pet insurance worth it?

Not a gambler? Good! We aren’t either. If you have a pet it’s not a matter of if they will get hurt or sick, it’s when. Roughly 68% of households in the United States have pets, but only about 1% of them have insurance according to the North American Pet Health Insurance Association (NAPHIA).

Every six seconds a pet parent is handed an emergency vet bill of $5,000 or more. If this happened right after tax season you might be okay, but what if it happened before the holidays? Adrienne G. shared how her English Bulldog, June, started having trouble breathing right before Thanksgiving. When they got to the vet, June was diagnosed with Brachycephalic Airway Syndrome (common in short-nosed dogs) and needed surgery to fix it. That surgery was $6,858.32 total, and Embrace reimbursed $5,086.66. “If we didn't have pet insurance, we might not have been able to make the decisions needed to keep June alive,” said Adrienne.

While it’s true that older pets are more likely to have claims filed, that doesn’t mean that puppies and kittens are immune to getting hurt or sick. Maryann W. took her Boxer puppy, Sully, to the vet a few weeks after his first visit because of some recurring vomiting and lethargy only to find that he had parvo. She told us, “All the time my pup was ill, I knew Embrace Pet Insurance would be there for us. The cost of 24-hour hospital care is expensive, but I had faith in Embrace.” Treatment for Sully’s emergency visit was $7,330.50, and Embrace reimbursed $6,147.45.

One of the nastiest illnesses is cancer. And it doesn’t discriminate against breed or age. According to CBS News, the average cost of diagnosing it is between $1,000 and $2,000. This estimate does not include any treatment. Chemotherapy costs can be between $3,000 and $5,000, and the cost of treatment just keeps going up from there. Maurice is a Domestic Shorthair that was diagnosed with a very aggressive vaccine-induced fibrosarcoma. Claude P., Maurice’s pet parent, said, “The bills, so far, have topped $7,000.00, which we could not have afforded without insurance.” At last count, Maurice’s bills were $7,161.40, and Embrace reimbursed $5,509.12.

But what if you never use your pet insurance plan? Is it still worth it? I challenge you to ask yourself that question about your car insurance. Or your homeowner’s insurance. What if your house gets broken into? Or if someone blows through a stop sign and hits your car? I bet you’re thankful that you have those insurance plans then. Pet insurance is here for that same reason: It provides you with peace of mind. Hopefully your pets don’t ever get hurt or sick, but if they do you’d know you’re covered. Your pets are a valuable member of the family. Take the first step in protecting them. Get a quote today.

While you can't predict when your pet is going to get sick or injured, you can protect yourself from expensive veterinary bills. Embrace Pet Insurance gives you the freedom to do what’s best for your pet without stressing over the cost. Easily personalize your coverage to fit your budget and your pet’s needs, then visit any vet for nose-to-tail coverage. Check out what the Embrace plan covers or compare pet insurance providers to learn more.

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Pet health insurance is administered by Embrace Pet Insurance Agency, LLC and underwritten by one of the licensed insurers of American Modern Insurance Group, Inc., including American Modern Home Insurance Company d/b/a in CA as American Modern Insurance Company (Lic. No 2222-8), and American Southern Home Insurance Company. Coverage is subject to policy terms, conditions, limitations, exclusions, underwriting review, and approval, and may not be available for all risks or in all states. Rates and discounts vary, are determined by many factors, and are subject to change. Wellness Rewards is offered as a supplementary, non-insurance benefit administered by Embrace Pet Insurance Agency in the United States. © 2016 American Modern Insurance Group, Inc.