Join Date: Jun 2009
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Photo Submissions 203 Times in 202 Posts
I guess it depends on whether you think your dog is likely to have more than $35 x 12 x 15 years or so ($6300) of covered health problems. That is assuming no increase in premiums, which it looks like isn't likely.
We decided that, just as with our horses, we would rather "self insure". That is, we have enough money in the bank that we will take our chance and pay for medical expenses as they come up.
Certainly, if you are one of the unlucky people who gets a dog who needs major surgery, or has an expensive disease that needs ongoing treatment, and you have insurance, you are very happy with it. OTOH, insurance companies are not charities. They are in the business of making money. That means that, playing the averages, there are many dogs who never use anywhere NEAR the amount of money paid in premiums for every dog whose owner gets more paid in medical expenses than they have paid in premiums.
We'd rather have that money sitting in the bank, (or mutual funds, actually) making US money, rather than making an insurance company money. I know some people feel more comfortable having the insurance, but it's not something that people should think they HAVE to have to be a conscientious dog owner. You really have to decide what works better for your own situation.
Karen, Kodi, Pixel and Panda
(ARCHMX Starborn Kodak Moment BN, PCD, NA, NAJ, CDX-CCH, RE, RL1X3, RL2X4, RL3X3...
plus Starborn's Picture Perfect & Nauti Herd Compact Flash CGC)