When you think of the word “insurance,” what comes to your mind? Most people think of certain policies, such as auto, homeowners, health, or life insurance. Although these types of policies may cover your basic needs in life, they do not account for a major aspect of many people’s lives—their pets.
With the rising cost of veterinary services, the price tag of keeping that extra member of your family healthy is getting more difficult. A visit to a local vet may now cost hundreds of dollars. This increasing trend has led many pet owners to seek pet insurance. Despite the fact that it is a relatively new concept, it is becoming more common across all fifty states.
Coverage Options
A basic policy may have a deductible, but it would cover routine veterinary visits (including vaccines), spaying and neutering, and emergency expenses for illness and injury, up to a certain limit per incident and per year.
However, not all pets may be covered. As this is a growing aspect of the insurance industry, you may find that primarily only common house-pets, such as cats and dogs, may be insurable. If you own an exotic animal, check with your insurance provider to see if coverage is available.
Owning a pet may be a rewarding experience for your whole family. If you want to help decrease the cost of maintaining your pet’s health and increase the level of care you can provide to your pet, you may consider pet insurance the purr-fect option.
If you are considering pet insurance, here is more specific policy information that Allstate Insurance put together. Just click on the link below.
More on Pet Insurance
Important Information
The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.
Aspire Planning Group LLC a d/b/a of HighPoint Advisor Group, LLC (“HPAG”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where HPAG and its representatives are properly licensed or exempt from licensure.
For current HPAG information, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with HPAG’s CRD #163768.