3 ms·

I agree that people shouldn't adopt a pet unless they have stable finances which are enough to pay for pet insurance and/or unexpected vet bills. Sometimes peo

I agree that people shouldn't adopt a pet unless they have stable finances which are enough to pay for pet insurance and/or unexpected vet bills. Sometimes people's finances change though, and then (assuming it wasn't serious money mismanagement) I think it's cruel to say they should give up their pet. Pet insurance should be front-loaded, so you have to pay a lot the first few months, but if you stop paying you get to keep the insurance at least for a while.

throw__away7391 3y ago
I had insurance for years and it did me no good, they refused to cover a single dollar of expenses even though I had the best most comprehensive policy I could find. This has been my experience with insurance in general. Even in cases where you read the fine print and have all your paperwork in order, they just deny all claims period. Collecting on insurance requires being ready to go to court.
ssharp 3y ago
Pet insurance is basically the opposite. Most people get it when their pet is young and the premiums for young pets are reasonable and low. Then, as the pet ages, the premiums go up and up. And once you have any vet record of anything other than a routine wellness check, you're basically locked into your policy because if you try and switch providers, you'll run into pre-existing condition limitations, which are quite difficult to understand or predict. This is also difficult because not only will your insurance go up simply for your pet getting older, the pet insurance companies are constantly going through rate changes, as they adjust risk profiles for breeds or adjust to vet care inflation. Depending on what state you live in, these rate adjustments could be completely uncapped. Even if you don't switch, many insurance providers won't write new policies for pets over certain age thresholds.

3 ms·

I agree that people shouldn't adopt a pet unless they have stable finances which are enough to pay for pet insurance and/or unexpected vet bills. Sometimes peo

by armchairhacker 3y ago

throw__away7391 3y ago
I had insurance for years and it did me no good, they refused to cover a single dollar of expenses even though I had the best most comprehensive policy I could find. This has been my experience with insurance in general. Even in cases where you read the fine print and have all your paperwork in order, they just deny all claims period. Collecting on insurance requires being ready to go to court.
ssharp 3y ago
Pet insurance is basically the opposite. Most people get it when their pet is young and the premiums for young pets are reasonable and low. Then, as the pet ages, the premiums go up and up. And once you have any vet record of anything other than a routine wellness check, you're basically locked into your policy because if you try and switch providers, you'll run into pre-existing condition limitations, which are quite difficult to understand or predict. This is also difficult because not only will your insurance go up simply for your pet getting older, the pet insurance companies are constantly going through rate changes, as they adjust risk profiles for breeds or adjust to vet care inflation. Depending on what state you live in, these rate adjustments could be completely uncapped. Even if you don't switch, many insurance providers won't write new policies for pets over certain age thresholds.