Since adopting my 3rd cat, I'm revisiting the pet insurance question.
My 4 year old cat is insured. It costs me $14.52 for 80% reimbursement, with $300 annual deductible.
My 16ish year old cat is not insured. At this age, he'd only be eligible for an accident only policy with the company anyway, no illnesses covered.
I was looking at adding my new kitten to our policy and it raises the monthly amount to almost $28. With that mentioned, my husband commented that we should just start a pet savings account and forgo insurance.
I'm contemplating raising the deductible, though. A $700 vet bill wouldn't kill us. What I'm worried about is bills in the multi thousands from the cat getting mauled by a raccoon or hit by a car. (My 4 year old cat is an escape artist unfortunately)
If I raised the deductible to $1,000.00, it would be under $10 to cover both cats. If I raised it to $750, it would be about $13ish per month.
What would you do?
My 4 year old cat is insured. It costs me $14.52 for 80% reimbursement, with $300 annual deductible.
My 16ish year old cat is not insured. At this age, he'd only be eligible for an accident only policy with the company anyway, no illnesses covered.
I was looking at adding my new kitten to our policy and it raises the monthly amount to almost $28. With that mentioned, my husband commented that we should just start a pet savings account and forgo insurance.
I'm contemplating raising the deductible, though. A $700 vet bill wouldn't kill us. What I'm worried about is bills in the multi thousands from the cat getting mauled by a raccoon or hit by a car. (My 4 year old cat is an escape artist unfortunately)
If I raised the deductible to $1,000.00, it would be under $10 to cover both cats. If I raised it to $750, it would be about $13ish per month.
What would you do?