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HomehealthPet insurance: What it is, how it works, different types, if it's...

Pet insurance: What it is, how it works, different types, if it’s worth getting for your furry friend

Many pet owners grapple with the decision of whether to get pet insurance. 

While buying it is not mandatory, it could save you thousands when an unexpected accident or health condition arises.

There are different types of pet insurance, depending on the plan you decide to purchase. 


That being said, it’s possible that you’ll be paying more for insurance every month than you do in medical bills. If you decide that insurance isn’t the best option for you, it’s a good idea to still set aside money on your own that you can use if an unexpected medical bill does arise with a huge price tag. That way, if an emergency does happen, and you don’t have insurance, you are still prepared to cover at least a portion of the costs. 

cat at the vet

There are many different companies that offer pet insurance, like Nationwide, Spot and MetLife. (iStock)

6. What companies offer pet insurance?

There are several companies that offer various types of pet insurance for different animals. Popular pet insurance sellers are Nationwide, Embrace, Spot, Lemonade, MetLife and ASPCA. All of these providers offer different plans, so make sure to go through each one so that you can make the best, most affordable choice for your situation.

7. Should I get pet insurance?

It depends. Whether or not an owner should get pet insurance isn’t a simple yes or no because it is very situational. 

If you are a person that needs the peace of mind that goes with knowing that you’re covered if an emergency arises, then pet insurance may be a good option for you. If you have a breed that is susceptible to certain health conditions that could cost you big-time, then you may want to consider pet insurance.


If you don’t want to pay monthly fees and are prepared to pay for any unexpected medical expenses, then pet insurance probably isn’t a necessity for you. In order to make an informed decision, think about how much you spend on medical bills, how much your insurance policy would cost and if you are prepared to pay for any unexpected expenses, which can quickly snowball into thousands of dollars. 

After weighing all of these factors, you’ll be able to decide if pet insurance is a good option for you.

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Ashlyn Messier is a writer for Fox News Digital. 


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