I ran across an article written by Laura Bennett, the CEO of Embrace Pet Insurance Company, that gives interesting insight on her journey from purchasing pet insurance for the first time to actually starting a pet insurance company.
Interestingly, two of the responses to the article were from people who have had pet insurance for a number of years and had negative impressions of the industry. They had purchased a policy from a company that provides limited coverage and/or excluded conditions that many of the newer companies now cover.
You must do your research and know what to look for and what to avoid when deciding if you want to purchase pet insurance, and if so, which company and policy is best for your pet.
The one thing that I keep saying over and over that Laura agrees with is that the pet owner's decision shouldn't be whether to open a pet health savings account or purchase pet insurance, but the wise pet owner will do both. A savings account and a pet insurance policy serve two distinctly different purposes.
I might add that in addition to savings and a pet insurance policy, a major credit card or CareCredit would be helpful in paying your pet's healthcare expenses.