Best Pet Insurance Plans of 2020
A study by the UK-based People’s Dispensary for Sick Animals found that pet parents significantly underestimate the the lifetime costs of owning a pet. The majority of pet owners surveyed said they believe lifetime expenses will not exceed $ 6,445, a fraction of the actual costs. According to the study, the approximate lifetime cost of owning a dog ranges from $ 27,074 to $ 42,545, and from $ 21,917 to $ 30,942 for cats. The study took into account everything from food and grooming to health and vet spending.
Pet insurance, however, can offer owners some protection when it comes to vet bills for illnesses and accidents – and it can also come in handy in times of uncertainty.
MONEY recently evaluated pet insurance plans in the United States to find the best available. In its assessment, MONEY took into account prices, coverage options and additional benefits and spoke with veterinarians to understand how insurance affects pets and owners.
âMost of the major pet insurance companies offer pet owners comprehensive coverage at an affordable monthly premium. The differences are in the details and the fine print, âwrites Noel DÃ¡vila for MONEY. âShop around, do your research, then make an informed decision on the best insurance policy to take care of your pet and your pocket. “
Browse the slideshow above for MONEY’s picks for the best pet insurance of 2020, as well as why each shot stands out.
Preparation of pets
June is Pet Readiness Month and highlights why pet parents should view insurance as an extra layer of security in times of crisis.
Ready.gov shares some tips on how pet parents can create an emergency kit to keep pets happy, safe, and comfortable during a natural disaster. Kits should include essential items such as:
- At least three days of food and water supply
- Medical records, proof of vaccination, registration and adoption documents, and insurance information
- First Aid Kit (Cotton Bandage Rolls, Bandage Tape and Scissors, Antibiotic Ointment, Flea and Tick Prevention, Latex Gloves, Isopropyl Alcohol, Saline, and Pet First Aid Reference Book)
- Collar or harness with ID tag, rabies tag and leash
- Animal crate or carrier
- Sanitation needs (litter box and litter box, newspapers, paper towels, plastic garbage bags and household bleach)
- A photo of the animal and the animal’s parent together to prove ownership
- Familiar items, such as treats, toys, and bedding