Why Pet Insurance Is Worth It

Did you know only 2% of American pet parents have insurance for their furry friend? That’s because there’s a lot of misinformation floating around about what these policies can provide—and just how much they can protect your cat or dog (not to mention your wallet) if something goes wrong (You don’t need us to tell you that pets cost a lot of money…)

You might think that pet insurance is a luxury, or only something that you’d need for an animal companion who is older, or who has an illness, which is why you might not have considered getting pet insurance before—so we’ll break down a few reasons why you should sign up your cat or dog with pet health insurance.

Pet health insurance covers more than you probably realize

For starters, a base Lemonade pet health insurance policy will cover your dog or cat for the following, in the event your pet has an unexpected accident or illness:

• Diagnostics: Blood tests, x-rays, MRIs, CT scans, and lab work
• Procedures: Outpatient, specialty and emergency care, hospitalization, and surgery
• Medication: Injections or prescription meds

With Lemonade you can also opt for preventative care coverage and add-ons that help cover things you’re probably already paying for, like vaccinations, annual check-ups, and routine tests to make sure your canine or feline stay in tip-top shape.  

This is precisely the reason you should get your cat or dog enrolled as early as possible. If you wait for them to develop a troublesome illness or ailment, it would be considered a pre-existing condition. No policy will cover costs associated with care for a health issue your pet already has. You’d still be eligible for pet insurance, but your policy wouldn’t cover any costs of treatments related to that specific condition.

Vets recommend health insurance

While we can’t speak for every vet, it’s fair to say that many do recommend pet insurance. 

Lemonade’s own Vet Consultant Stephanie Liff puts it this way: “I always tell my clients that I want to remove financial anxiety from their medical decisions.” She says that at the end of the day, “insurance helps [pet owners] know they can afford any medical issues that arise in the future.”

Now we know what you might be thinking: Is it really worth it to pay a premium for years… only to never make a claim?

Depending on which pet plan and add-ons you pick, you’ll find your pet’s insurance actually works a lot like human health insurance, in that you’ll find yourself using it often—not just when there’s a major medical calamity or a huge pet medical bill.

If you’d like a whole lot more information on how pet health insurance works—we’ve got the ultimate guide for you. 

See if pet insurance is right for your furry friend. Applying is free, fast, and fun!