Pet Insurance

There are many pet insurance providers available and they all offer multiple tiers of coverage. Try to select the plan with the best value that suits your financial needs. The whole point of pet insurance is to ensure your pet receives the care he needs when accidents happen. If you can’t afford to pay the regular veterinary bills, you should not be a dog owner in the first place. That’s something that more people should consider before buying a dog. Insurance companies work because they make money off uneducated people paying for inflated plans that are filled with loopholes. Here are some comparisons for the least expensive plans offered by the top 3 pet insurance providers in Canada:

PetCare - Overpriced, too many exclusions, poor value, insurance has many loop holes to deny you coverage. Take a look at this:

Their least expensive plan is mainly for accident insurance. If you read carefully, you’ll realize that this QuickCare First Aid plan for dogs only covers $1000 for 7 types of accidents. If your accident is not one of the 7 types, they can deny you coverage. Their QuickCare Optimum plan is $38.15 per month but it only covers $1500 first-time illnesses per year.

SPCA Pet Insurance’s Intro Plan - hardly any coverage ($1000 per year) for $35+tax per month?! Ridiculous!

PC Financial’s Value Plan - only covers $2000 for SELECTED illness over the pet’s LIFETIME. How is this good value? Saving $40 a month for 5 years will give me over $2400.

PC Financial’s Accident Plan - $1500 per accident, $100 deductible, no annual limit for $10 a month. For half the price of PetCare’s plan, you get $500 more per accident. Doing the math, $10/month for 10 years is $1200. Just one accident during the lifetime of your pet and this plan is more than paid for. This is the clear winner. This plan works for me in combination with saving for rainy days. Instead of signing on for a $50/month plan, I can save $40/month for illnesses and have accident coverage.

Finally, a pet insurance policy I can live with!