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Well Americans are shelling out the big bucks for their pets is vet bills continue to soar.
Dog owners dropped over nineteen billion dollars on health care.
Can't owner spent over seven billion that's unbelievable.
Just a tiny percentage of these owners insured their pets but is buying insurance for your daughter your cat has had a good idea and you do that joining me now pet lifestyle expert -- not Tebow -- welcome to the show it's great to have you here.
Let's I -- they hadn't hi eight -- first talk about the options obvious clean paid out of pocket break.
Pay for your -- happy I'm definitely paper or you can -- for your pets medical cat's pocket but now -- days.
We've got pet insurance we also have wellness packages that you can -- on for your -- care.
And inside the idea of just having a general savings account for any type of medical emergency I guess is also -- nothing at all about negotiating.
-- -- -- -- Well on that makes a lot of sense I like that idea there's also something called -- credit.
Where you get a two year interest free payment plan which doesn't sound like -- -- bad idea.
This show folks what people are paying for some of the stuff because Italian.
This can be a lot of money so if you're dog has lung cancer you could pay a couple of grand.
-- -- Easy is 3000.
Gastric -- -- 2000.
I mean this really can add up over time right.
It definitely adds up if you think about the idea of getting insurance -- when you first either rescue her daughter from when you get your daughters a puppy.
Over the course of your -- lifetime you have no idea what type of injury accidents disease like cancer certain things may come up that you don't foresee.
And their medical bills I've seen 20000 dollar bills for dogs and cats at all except -- something -- think about you know unless you have a lot of can't spare cash I don't know that between 20000 dollars.
I'm gonna get the worst hate mail -- is the right and that's the well I think is -- -- we look at our dogs and cats in -- any animal as you know our our children there's that whole new generation of people who look at their pets.
As a part of the family and we don't often have.
An extra 20000 dollars in the event that's something catastrophic happen so.
With pet insurance you can be protected.
In a worst case scenario that Laura let's look at it from the financial perspective for just a second and let's say you're paying maybe 300 dollars a year for pet insurance which would seem like not a lot of money.
But over the -- a lifetime on average you'll be paying about 5000 dollars.
You be paying more in insurance premiums.
Than you might out of pocket.
Doesn't seem like a good financial equation to me what do you say.
It's -- something for you to consider depending on how many pets even having your family -- -- multiple.
Had households where it does make more sense possibly.
To invest -- -- a savings plan like you said you really have to think about.
Worst case scenario what would you do what links would you go to protect your -- And you have the resource says or do you want to instead.
Invest into an insurance package for -- pat we we're just showing information on the screen about a survey that consumer reports in this study and they took like that ten year old Beagle.
And trying to decide.
Be worth it to -- the pet insurance and they found in almost every case financially.
At least it didn't make sense I think people have to make these types.
With their pets because it got so many other bills they're facing.
At the end of the day.
You're a buyer right.
I am -- but I think you have to decide it based on your pets.
Situation if you get your dog when it's a puppy and make sense.
But like you said with a ten year old -- certain insurance carriers.
Aren't even going to provide insurance based on the dog's age.
If they have any preexisting condition so there's a lot of factors that you have to really be proud make a decision my gosh that sounds like people no preexisting conditions like.
They didn't tell everybody it's not we're not we're in -- you.
That's because hysterical Laura thanks for coming -- -- -- -- --
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