This article highlights several key points when considering the purchase of pet insurance:
1) Buy early before your pet is diagnosed with conditions that will be considered pre-existing.
2) Be diligent doing research on all the companies before you buy so you won't later regret your choice of company and/or policy to insure your pet.
3) Unexpected veterinary bills can sometimes be expensive, but $46,000 is the highest I've heard of to date.
4) Reading reviews is an important part of doing your research, but isn't the only thing you need to do before purchasing a policy. I outline 5 steps to choosing a company and policy in the new redesign of the Pet Insurance Toolkit. On the subject of reviews, be sure and check out the podcast episode where I interview the owner of the review site mentioned in the article as well as the video where Mike explains how to get the most from your time on his site. The Toolkit also has links to each pet insurance company's review page on Mike's site.
5) There isn't one company that is the best one for every pet. Your financial situation, your pet's medical history, breed, age and the types of coverage you desire are different from other pet owners. That's why there are a variety policies offered by about a dozen companies in the U.S. The purpose of this blog, the podcast, and the Toolkit is to help you sort out the variables and eventually narrow your choices down to 2 or 3 companies from which you'll make your final selection.