Sunday, October 25, 2009

Cheap Pet Insurance

Does cheap pet insurance exist? Remember insurance companies are in business to make money, not to save you money.

Banfield is a wellness plan and pays for exams. They prefer to think of themselves as a "discount membership" club. Banfield is found in most Pet Smarts locations.

Best Pets has a comparison of several claims located on their site plus they have great pet care articles.

Don't be fooled by the cute pictures and testimonials. Testimonials are the worst way to evaluate if you buy a product. Remember these are usually isolated incidents. Evaluate your past bills and expenses.

Then take into account how much you spent on your Vet bills last year. Most of the plans start at $20 a month. So for $240 a year,  this may be a good deal or too expensive.

Check with your Vet's office, to see if they accept the insurance you are thinking of buying.  Find out the claims process do you submit claims and then wait for payment. How long will this process take?