Dr. Stacey Wallach, a veterinarian at Town and Country Animal Hospital in St. Louis, MO, was interviewed by KSDK TV recently on the topic of pet insurance.
Wallach discussed how pet insurance has been on the rise as veterinary advances have caused costs to increase. Treatments that used to be seen as ‘for humans only’ such as kidney transplants and hip replacements are now available for furry family members as well.. but they come at a cost.
The host of the show then asks Wallach if pet insurance is a good idea.
It’s a good idea if you are not well off, says Wallach. If you can throw $10,000 toward a medical procedure, pet insurane may not be for you. Of course, she also reminds us that even those who can afford a $10,000 veterinary bill now could see hard times in the future if they lose their job or suffer a medical issue themselves. You don’t want to ever be put in a position where you once were able to care for your dog or cat and now are not able to.
The main things Wallach suggests looking at when researching pet insurance are monthly costs, deductible options, payout limits, co-pays, and coverage of hereditary diseases. She also suggests visiting petinsurancereview.com to find unbaised opinions on pet insurance providers.
To watch the full video segment, visit KSDK here.