Comments on: Is pet insurance worth it? Revisited http://www.livelearninvest.com/is-pet-insurance-worth-it-revisited/ Living life to its fullest by generating passive income through investments Thu, 02 Feb 2012 03:11:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: sue http://www.livelearninvest.com/is-pet-insurance-worth-it-revisited/comment-page-1/#comment-86781 sue Fri, 18 Dec 2009 01:44:50 +0000 http://www.livelearninvest.com/blog/is-pet-insurance-worth-it-revisited/#comment-86781 Hi, I came to the same conclusion about VPI which is that they have a low cap on every condition so their insurance will fail you in times of crisis and emergency which is why you would really need pet insurance anyway. Check out Trupanion insurance (found it on the Petco website but I do not know the extent of the affiliation). They don't bother with paying out teaser amounts for routine care-- they are all about accident and illness coverage. They cover all hereditary and congenital conditions as long as they were not showing symptoms prior to the policy. Definitely don't look at the fake examples on the VPI site that lead you to believe that they cover almost all of the various situations. In these examples, they misrepresent the real and much higher cost of the procedures so that it looks like their capped allowance covers 80 to 90% of the bill. Hi, I came to the same conclusion about VPI which is that they have a low cap on every condition so their insurance will fail you in times of crisis and emergency which is why you would really need pet insurance anyway. Check out Trupanion insurance (found it on the Petco website but I do not know the extent of the affiliation). They don’t bother with paying out teaser amounts for routine care– they are all about accident and illness coverage. They cover all hereditary and congenital conditions as long as they were not showing symptoms prior to the policy. Definitely don’t look at the fake examples on the VPI site that lead you to believe that they cover almost all of the various situations. In these examples, they misrepresent the real and much higher cost of the procedures so that it looks like their capped allowance covers 80 to 90% of the bill.

]]> By: evey-e http://www.livelearninvest.com/is-pet-insurance-worth-it-revisited/comment-page-1/#comment-79625 evey-e Mon, 27 Jul 2009 07:48:34 +0000 http://www.livelearninvest.com/blog/is-pet-insurance-worth-it-revisited/#comment-79625 just adding a little more to my first comment, you are paying the insurance company to pay you back your own money and you still have to pay the hospital fee at the time of care. What if you don't have the high costing Emergency fee? your pet would not receive care and the insurance company get to keep your money, oops,I mean your 90% Reimbursement claim. just adding a little more to my first comment, you are paying the insurance company to pay you back your own money and you still have to pay the hospital fee at the time of care. What if you don’t have the high costing Emergency fee? your pet would not receive care and the insurance company get to keep your money, oops,I mean your 90% Reimbursement claim.

]]> By: evey-e http://www.livelearninvest.com/is-pet-insurance-worth-it-revisited/comment-page-1/#comment-79624 evey-e Mon, 27 Jul 2009 07:35:03 +0000 http://www.livelearninvest.com/blog/is-pet-insurance-worth-it-revisited/#comment-79624 I think overall pet insurance is not worth it. Lets say you get the insurance and your pet goes without illness,injuries or sudden acidents for a whole year and then finally your pet is hurt and is rushed to the hospital, the cost comes up to $600.00 and your premium fee was $36 per month which adds up to $432.00 yearly, your insurance company would have only given you $168.00 toward your pets cost in the end you are basicly paying them to pay you back your own money.The only way your insurance policy is worth it, is if your pet is rushed to the hospital when you firt enroll.My ideal insurance policy is a monthly premium and my insurance company cover the cost up front for me(meaning no up front cost for me,no money out of my pocket upon visit, no claim!) They will pay for me ! if anyone know any insurance company like that, please let me know. I think overall pet insurance is not worth it. Lets say you get the insurance and your pet goes without illness,injuries or sudden acidents for a whole year and then finally your pet is hurt and is rushed to the hospital, the cost comes up to $600.00 and your
premium fee was $36 per month which adds up to $432.00 yearly, your insurance company would have only given you $168.00 toward your pets cost in the end you are basicly paying them to pay you back your own money.The only way your insurance policy is worth it, is if your pet is rushed to the hospital when you firt enroll.My ideal insurance policy is a monthly premium and my insurance company cover the cost up front for me(meaning no up front cost for me,no money out of my pocket upon visit, no claim!) They will pay for me ! if anyone know any insurance company like that, please let me know.

]]> By: Alice http://www.livelearninvest.com/is-pet-insurance-worth-it-revisited/comment-page-1/#comment-67581 Alice Sun, 01 Mar 2009 11:59:03 +0000 http://www.livelearninvest.com/blog/is-pet-insurance-worth-it-revisited/#comment-67581 I have done quite a bit on research on pet insurance and unfortunately, VPI is not the best of the insurers. They do have a lot of publicity, and I am seeing them quoted in real life stories on blog posts. I have a feeling that your would fare better with a company like Pets Best or Embrace Pet Insurance. I have done quite a bit on research on pet insurance and unfortunately, VPI is not the best of the insurers. They do have a lot of publicity, and I am seeing them quoted in real life stories on blog posts.
I have a feeling that your would fare better with a company like Pets Best or Embrace Pet Insurance.

]]> By: Self Directed IRA http://www.livelearninvest.com/is-pet-insurance-worth-it-revisited/comment-page-1/#comment-47078 Self Directed IRA Thu, 14 Aug 2008 19:56:35 +0000 http://www.livelearninvest.com/blog/is-pet-insurance-worth-it-revisited/#comment-47078 I'm also sorry to hear about your dog. I tend to agree with you though, about pet insurance not really being smart financially. It's really important to consider how much you would've paid month to month in comparison to how much they would pay out if your animal did get hurt or become ill. I’m also sorry to hear about your dog. I tend to agree with you though, about pet insurance not really being smart financially. It’s really important to consider how much you would’ve paid month to month in comparison to how much they would pay out if your animal did get hurt or become ill.

]]> By: Kenric http://www.livelearninvest.com/is-pet-insurance-worth-it-revisited/comment-page-1/#comment-11651 Kenric Wed, 19 Sep 2007 17:39:28 +0000 http://www.livelearninvest.com/blog/is-pet-insurance-worth-it-revisited/#comment-11651 Thanks Andres, She's doing better but she's not out of the woods yet. Thanks Andres, She’s doing better but she’s not out of the woods yet.

]]> By: Laura Bennett, Chief Embracer, Embrace Pet Insurance http://www.livelearninvest.com/is-pet-insurance-worth-it-revisited/comment-page-1/#comment-11637 Laura Bennett, Chief Embracer, Embrace Pet Insurance Wed, 19 Sep 2007 13:24:22 +0000 http://www.livelearninvest.com/blog/is-pet-insurance-worth-it-revisited/#comment-11637 Please don't think VPI represents what you would get out of other pet insurance companies. VPI doesn't cover hereditary conditions and pays based on the benefit schedule. Other companies such as Embrace Pet Insurance (I'm the CEO and co-founder), PetCare and PetPlan cover hereditary conditions and pay based on the vet bill so you would have been much better off with their insurance. Would you have paid more in premuium? Sure, you likely would have but you'd be getting way more back, much closer to what you paid. Laura Please don’t think VPI represents what you would get out of other pet insurance companies. VPI doesn’t cover hereditary conditions and pays based on the benefit schedule.

Other companies such as Embrace Pet Insurance (I’m the CEO and co-founder), PetCare and PetPlan cover hereditary conditions and pay based on the vet bill so you would have been much better off with their insurance.

Would you have paid more in premuium? Sure, you likely would have but you’d be getting way more back, much closer to what you paid.

Laura

]]> By: Andres http://www.livelearninvest.com/is-pet-insurance-worth-it-revisited/comment-page-1/#comment-11578 Andres Tue, 18 Sep 2007 20:40:45 +0000 http://www.livelearninvest.com/blog/is-pet-insurance-worth-it-revisited/#comment-11578 sorry to hear about that. I hope she gets well, and soon. Yes, I tend to agree with you, financially speaking the pet insurance does not seem to be a great idea. Problem is, pets are in reality family members so that industry is making great money based on the emotional reaction from pet owners. I know it as we just lost our 11-yrs old Boxer. Had we had insurance, nothing would had been different. Again, I hope she gets well. sorry to hear about that. I hope she gets well, and soon. Yes, I tend to agree with you, financially speaking the pet insurance does not seem to be a great idea. Problem is, pets are in reality family members so that industry is making great money based on the emotional reaction from pet owners. I know it as we just lost our 11-yrs old Boxer. Had we had insurance, nothing would had been different. Again, I hope she gets well.

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