Part of living responsibly means protecting your finances. And while getting a pet insurance plan may seem like one of those tedious financial tasks you need to check off your To-Do list, quality healthcare for your furry ones is so much more important than that. More than just saving money, you’re making life better for your family, your cat, and the veterinary team who cares for your kitty! Simply said, having pet insurance brings you peace of mind while keeping your cat healthy and benefitting those who spend their lives helping animals.
The Benefits For All of Having Pet Insurance for Your Cat
Reduces the Stress Related to Your Finances
Did you know that less than 50% of American adults have enough money saved to cover a $1,000 emergency? And when that emergency involves your feline, you can easily expect bills of that much, if not more. Having a pet insurance plan for your cat can ease the financial blow of the unexpected, leaving you to focus on recovery rather than bills.
Knowing that no matter what happens to your pet, you have the funds to fix it can improve your well-being as you’ve just taken control of a significant source of financial stress.
Learn more about the fluff-free approach to covering Canada’s cats and dogs.
Improves Pet Health and Rates of Care
Everything is more expensive today, including vet care. Because the cost of living is continually rising, almost twenty-eight percent of families with pets report financial restraints as a barrier to care. But purchasing a no-fluff plan with affordable rates can soothe worry over big bills, making you more likely to take your kitty to the vet at the slightest signs of something amiss.
Lowers Rates of Economic Euthanasia for Pets
When your cat gets hurt or sick, you’re ready to do everything to get them back on their paws. But for many families, the cost of treatment stands in the way. This sad truth means too many pets are lost to economic euthanasia because their families can’t afford treatment. Pet insurance offers a solution to the worry by covering the high costs of unexpected urgent care or helping with the bills of a continuing condition. In fact, veterinarians report a pet is four times more likely to survive an emergency if their family has pet insurance.
Gain peace of mind and put away worries over huge vet bills with a fluff-free PHI Direct plan that offers affordable pricing and enough coverage for most situations.
Improves Quality of Life for Veterinarians and Vet Techs
Veterinarians and vet techs care deeply for animals, investing their entire lives to helping sick and injured dogs and cats. And what these medical professionals see daily can grow very overwhelming. From illness and injury of the well-cared-for to the cruelty and abuse this world can deal animals, those working with our beloved pets are mired in hardship.
This amount of emotional pain can exacerbate mental health issues in those with deep compassion and empathy for animals. Sadly, the suicide rate in the veterinary profession is the highest among all the medical professions. But pet parents can help ease the burdens vet-medicine professionals carry in one simple way.
The more families that purchase pet insurance for their dogs and cats, the better we can make the lives of the dedicated veterinarians and techs that give their everything to heal our darlings. When we’ve got the cash covered, the medical team can go to work and save more pets, giving them back the joy of keeping families together and helping animals to thrive.
Make Life Brighter with Fluff-Free Pet Insurance from PHI Direct
Many pet owners realize the value of having pet health insurance but can’t afford the premiums. But direct low-cost accident and illness coverage for pets gives more families a chance to get ahead financially and further protect their furry loved ones. And this makes life brighter for everyone, your kitty and their vet care team included.
And coverage by one of Canada’s most affordable insurance companies won’t break the bank! With PHI Direct’s ‘Time-Limited Coverage’ plans, you can be sure your cat has enough coverage for most situations at a reasonable rate. Plus, you don’t have to wade through endless and confusing options as you only have to choose from one of two ways to go direct with their Direct 5 and Direct 10 plans.
FAQs
It can reimburse you for expenses like cancer treatment, emergency care, prescription medications and surgery. In some dire scenarios, pet insurance could save the life of an animal that would otherwise be euthanized if its owner couldn't afford treatment.
Is pet insurance worth it for an older cat? ›
Is pet insurance worth it for older cats? Absolutely. From chronic conditions like diabetes to hereditary conditions like kidney disease, there are plenty of illnesses that your cat can develop as they age, and treatments can be costly.
Why is dog insurance more expensive than cat insurance? ›
First and foremost, there is typically a cost difference between what insurance will cost for a cat versus a dog. Cats typically see the veterinarian less than dogs and are also less likely to incur an injury. There are also fewer genetic issues that impact cat premiums.
Does pet insurance cover most things? ›
Most will cover common injuries and illnesses, like cancer, diabetes, and broken bones; however, coverage for certain treatments and services, like microchipping, behavior therapy, and dental care, can vary. Pet insurance works differently from human health insurance.
What do vets think of pet insurance? ›
Many pet owners may not feel prepared to pay for an unexpected pet emergency, which can cost up to $5,000 or more for a major surgery or hospitalization. Pet insurance can help cover these costs, making it a worthwhile investment for your furry pal's health and your peace of mind.
Is lifetime pet insurance worth it? ›
Lifetime pet insurance cover is ideal if your pet develops a long-term illness, such as diabetes or arthritis. Because Lifetime pet insurance policies are so comprehensive, they can cost more than Time limited policies, which offer cover for short-term illnesses and injuries.
Should I insure my 10 year old cat? ›
As our feline friends enter their golden years, they become more susceptible to health issues and accidents that can lead to unexpected vet bills. Pet insurance for older cats can offer a financial safety net and peace of mind for pet owners as long as you have the right level of cover in place.
Do indoor cats need pet insurance? ›
Indoor cats can be just as prone to some of the same health risks as outdoor cats — which can make enrolling in a policy worth it. Here are some reasons why having pet insurance for indoor cats can help ensure they get the care they need while helping you save money.
Do most cat owners have pet insurance? ›
Today, dogs make up the majority of the 5.36 million insured pets in the U.S. About 80% of insured pets are dogs compared to 20% cats. The average annual cost of owning a dog is about $1,400, and cat ownership costs about $1,150.
Is pet insurance tax deductible? ›
A: Typically, pet insurance premiums are not deductible. However, if your pet is a certified service animal, the insurance costs directly related to their health care may qualify.
The three main types of pet insurance are accident-only plans, accident and illness plans and preventive care add-ons. Each type of plan offers different coverage levels, catering to various needs and budgets.
What is the highest level of pet insurance? ›
Lifetime policies
These policies cover your pet for their entire life, taking care of expenses for both illnesses and injuries. Although they are the most expensive option, they offer the highest level of protection, with coverage limits that reset annually upon policy renewal.
What voids pet insurance? ›
Pre-existing illness or injury - In general, insurers will not cover illness or injury that your pet had or showed signs of having before the policy started. This usually includes illnesses and injuries that can happen again or may appear in different parts of your pet's body.
How much should I be spending on pet insurance? ›
Average Pet Insurance Cost
According to our research, pet insurance costs $720 a year for dogs and $384 for cats, with an overall average monthly cost of around $46 per month.
Does pet insurance cover MRI scans? ›
A comprehensive pet insurance plan would usually include all the diagnostic tests such as MRIs and CT Scans for detection of neurological or musculoskeletal conditions. Included in the policy documentation, you will find all the details about what things and tests are covered in the insurance plan.
Why do some people buy insurance for their pets? ›
Having pet insurance allows you to choose treatments for your ailing or injured pet based on the best medical option available and not restricted based on family finances. Most pet insurance policies reimburse up to 80% of costs after deductibles. Provides an easy way to budget pet care costs.
Why do people take out pet insurance? ›
Long-term savings. If your pet gets ill suddenly or sustains an injury, you can claim on your pet insurance to help cover their care costs. You'll still likely need to pay an excess, especially if you have older pets, but your final bill should be considerably less than what you would pay without appropriate cover.
