Blog: Is Pet Insurance Worth It?

If you just welcomed a new pet into your life, you’re probably planning all of your upcoming adventures together. It’s also a good time to think about your pet’s future health. Pet parents might have heard of pet insurance, but insurance can be confusing. So, our partner Fetch Pet Insurance helped answer the question… Is pet insurance worth it?

Here are some reasons you should sign up for pet insurance and how it works.

What is pet insurance?

Pet insurance can help make vet bills for your dog or cat more affordable. And that peace of mind is priceless. Like a friend who chips in to help cover the bill, your pet insurance provider chips in to help pay a portion of your pet’s bills for covered care — all based on the terms of your agreement, of course. This can include emergency vet visits, medications, surgeries and more. Fetch Pet Insurance pays back up to 90% of your vet bill if your dog or cat gets sick or hurt.

Should I get pet insurance?

1 out of 3 pets will require emergency treatment each year*. Having a pet insurance plan is like having a safety net for the unexpected, and the sooner you enroll, the sooner your pet’s covered. It gives you the freedom to agree to expensive procedures, medications and care, knowing that you can get paid back up to 90% of your unexpected vet bills. Pet insurance can help you save money on vet bills for things like:

• Veterinary exam fees
• Emergency vet visits
• Specialist vet visits
• Comprehensive dental treatment
• Breed-specific conditions
• Complete sick visit
• Injuries and illnesses
• Virtual vet visits
• Diagnostic tests
• Imaging and ultrasounds (like MRIs)
• Veterinary holistic and chiropractic care
• Behavioral therapy
• Cancer treatment
• Surgery and rehabilitation

When should I get pet insurance for my dog or cat?

Since pre-existing conditions aren’t covered by any pet insurance provider, it’s a smart move to sign your pet up early—ideally when they’re still a puppy or kitten. That way, future illnesses or injuries can be eligible for coverage down the line.

How does pet insurance work?

Once you sign up for pet insurance, there’s usually a waiting period before your coverage kicks in . After the waiting period is over, you’re free to begin submitting claims so you can get paid back for vet bills!

Why pet insurance and microchipping make the perfect pair

While pet insurance helps cover the cost of unexpected health issues, microchipping adds an extra layer of protection by helping you reunite with your pet if they ever get lost. Together, they offer peace of mind on all fronts—health and safety. Microchipping ensures your pet can always find their way back home, and pet insurance ensures you’re financially prepared when they need care. It’s a powerful combo that every pet parent should consider.

*1 out of 3 pets need emergency veterinary treatment each year according to Forbes Advisor, Pet Insurance Statistics 2024, January 2024.