How To Ensure That You Can Always Afford Your Pet’s Healthcare
Imagine this scenario – your cat has been feeling poorly for a few days, you take them to the vet and they tell you they have a cancerous tumour. It’s terminal, but the good news is that it’s treatable with a combination of surgery and chemotherapy. The only drawback though is that when you go to check your bank balance, you come up wanting and you are forced to either have your puss put down, or wait for the cancer to take its toll. Alternatively, perhaps you have the money but you know that it’s going to make life incredibly hard – do you spend the savings you have put aside for your children’s future? Or do you let your beloved pet suffer?
This sounds like a nightmare scenario, but for all too many families it’s real situation and a real choice that has to be made. Healthcare for animals can become incredibly expensive and it’s important to bear in mind when you buy a pet for your family that it could end up costing you thousands of dollars down the line if it gets ill.
However while it’s impossible to predict that your animal is going to get a terminal illness or require surgery, you can still plan for those contingencies and if you’re smart and on the ball it’s possible to make preparations that will help you to afford any costs you might need so that you never have to make those difficult decisions or let your smallest member of the family suffer when something could be done to help.
Protecting Your Pet Financially
The first way to do this is of course to take out pet insurance. Pet insurance works just like health insurance, the only difference being that it’s specifically for animals (as the name might suggest). If you take out pet insurance then, you will pay a monthly premium but then be covered against the various costs that looking after your pet may entail.
Like human insurance though there are caveats which you need to be aware of. For one, the policy you agree to will dictate precisely what scenarios you’re protected in, so make sure to read this thoroughly and to get one that is comprehensive enough to cover every likely scenario.
Meanwhile it’s also important to keep in mind that most insurers will require you to pay an ‘excess’ toward the costs, and that there may be limits on how much they are able to pay out. Again, make sure you read the policy carefully so that you know precisely what you are responsible for – and make sure that you get the best deal around by looking into a few different insurers and comparing their terms and their rates.
Of course this also means that you will still need to have some money set aside for this scenario. Coughing that up in one go when the worst happens can be very difficult so don’t wait until it’s a problem to worry about it. Instead, start putting money to one side on a monthly basis as soon as you get your pet and that way you’ll have a separate pot to dip into should you need it. And if you never do? Then great! One day it’ll come in handy to have saved all that money to one side anyway…
- License: Royalty Free or iStock source: http://www.andertoons.com/cat/cartoon/6498/im-not-on-youtube/
Chantille McDonald loves her cat and is a passionate blogger. She recommends that you contact companies like RSPCA Pet Insurance that can help you insure your cat.