Financial advisors and analysts often prescribe ‘saving’ over buying insurance. Sure, setting aside an amount equivalent to a monthly premium makes sense, but what happens if your pet becomes ill during month 2 of your savings plan, and you have $25 in your account?
Let’s face it – few of us in North America are disciplined enough to set money aside each month and never touch it. And even if we do, what if you need a new roof, your car needs to be repaired, your kids need braces or you have a chance to get away with friends on an unexpected trip? Is the money you’ve saved sure to remain untouched when other life challenges come your way?
Likely not. That’s why pet health insurance was created.