Pet Insurance for Cats: Is Worth It?

Pet Insurance for Cats

Cat pet insurance is similar to other types of insurance. The owner makes a monthly payment. When the cat needs preventative or emergency care, the insurance covers some to most of the costs of treatments. Yet is cat insurance really worth the cost?

Most monthly payments are relatively low, but many cats don’t need much veterinary care. Kittens especially shouldn’t need much care — unless they have genetic predispositions to certain diseases or chronic conditions.

Luckily, there are plenty of options when it comes to pet insurance. Most owners can find a plan that fits their cats’ needs without breaking the bank.

What Does Pet Insurance for Cats Cover?

A pet’s coverage ultimately depends on the insurance plan. Yet most cat insurance covers incidents such as accidents, illness, alternative therapies, behavioral problems and chronic conditions. It could also protect the cat against hereditary problems.

Most cats don’t get too crazy and don’t need to attend behavioral classes or receive alternative therapies. Yet if a cat is older or gets sick often, the owner may want to consider insurance.

Average Costs of Cat Treatments

Some typical veterinary fees could include checkups, vaccines and spaying or neutering. Emergency veterinary care is obviously more expensive than preventative care, so most cat owners opt for insurance for emergency reasons.

Many veterinary offices charge anywhere between a few hundred dollars to thousands of dollars for emergency services. If you don’t opt for pet insurance for your cat, you may want to set aside some money in case of an emergency.

The decision to purchase pet insurance will also depend on your cat. Is the cat an indoor or outdoor cat? Does the cat tend to get into mischief? Many cat owners opt out of pet insurance because cats are more self-sufficient than dogs and don’t get hurt as often.

Yet if the cat is an outdoor cat or has eaten stray objects before, the owner might want to consider insurance. Should the cat eat something he’s not supposed to (like a hairpin or marble) it can cost up to $3,000 to have the object removed.

If the cat is older, the owner might want to consider insurance, too. Veterinary costs for glaucoma can cost thousands of dollars.

Cost of Pet Insurance for Cats

The cost of insurance always depends on the type of insurance and plan. On average, it costs around $20 per month. The type of plan can also affect the cost of the payout. Many insurance companies will charge a deductible of $500 to $5,000.

According to Consumer Reports, pet insurance could help those worried about unexpected costs. They also recommend opening a savings account dedicated to pet care. Instead of paying $20 per month for the insurance, the owner would invest that into a savings account. The downside is that it’s hard to save much money each year when the owner only contributes $20 per month.

Benefits of Pet Insurance for Cats

One of the main benefits for cat insurance is peace of mind. Those who are worried how they will afford treatment for a cat should consider purchasing insurance. Many people also worry that they might need to choose between the cat’s health and putting the cat down. Most insurance costs are worth the risk if peace of mind is an issue — or if the owner couldn’t possibly afford emergency treatments.

Pros of Pet Insurance for Cats

In addition to peace of mind, pet owners can enjoy several other benefits, including:

– Reimbursement for scheduled visits

– Reimbursement for emergency care

– Preventative services that might otherwise be too costly

– Reimbursement for shots and immunizations

– Owners never know when a cat might need chemo or other expensive treatments

Cons of Pet Insurance for Cats

Yet there are also some downsides to pet insurance. Some of them include:

– Some plans don’t cover preventative care

– Some plans don’t cover spraying and neutering

– Some plans have breed restrictions

– Plans with a fee schedule aren’t always in the owners’ best interest

– Cats are low maintenance pets that don’t need much care

– Some plans have high deductibles

– Cats need separate insurance plans

– Health insurance does not include life insurance — which is a separate cost

How to Find Cat Insurance

Owners should make a list of all the reasons why cat insurance would be beneficial. They should ask themselves the following questions:

– Why were they interested in cat insurance?

– How old is their cat?

– Does their cat suffer from any genetic conditions?

– Did the cat’s parents have conditions, such as arthritis?

– Does the cat get into trouble often?

– Is the cat an indoor or outdoor cat?

– Can they afford emergency medical services without insurance?

– Has the cat ever eaten objects not meant for consumption?

Cat owners should make a list of all plans available in their zip code and a list of the monthly payments. Depending on the cat’s needs, the owner should determine if the pet needs emergency, preventative care or both. When in doubt, emergency insurance is usually a good idea.

Cat owners should make a list of all plans available in their zip code and a list of the monthly payments. Depending on the cat’s needs, the owner should determine if the pet needs emergency, preventative care or both. When in doubt, emergency insurance is usually a good idea.

Cat owners should make a list of all plans available in their zip code and a list of the monthly payments. Depending on the cat’s needs, the owner should determine if the pet needs emergency, preventative care or both. When in doubt, emergency insurance is usually a good idea.

Have a dog? Check out our article on pet insurance for dogs and if it is worth the purchase.

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