Consumer Reports Investigates Pet Insurance

by Dr. Chris

September 16, 2010 Consumer Reports is investigating pet insurance. Recently the Consumer Reports Money Adviser newsletter compared nine different plans from four different insurance providers.

They were ASPCA pet insurance, Trupanion, 24petwatch, and VPI. They compared them using a 10-year-old beagle medical case and two cats with rare medical conditions.

According to the newsletter, pet owners would not see any reduction in costs with routine care options. Which led Consumer Reports to question the value of these wellness care riders.

It seems like the advice from Consumer Reports is that it would be best for you to simply put aside a savings account for your pet's health expenses.

The problem with this is that many people simply do not have the discipline to save the money. So pet insurance for these people does make an attractive option.

As always if this comes down to a personal financial decision. The choice is entirely up to you.

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