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Dog Medical InsuranceDog medical insurance make sense under certain financial situations however you should consider the alternatives before buying a pet policy. Buying a pet insurance policy can add thousands of dollars to the cost of ownership for your pets over their lifetime. If you have a basic pet insurance policy for $20 a month over 10 years that adds $1200 to the cost of ownership. And that is just for one pet that lives 10 years. So it is worthwhile to look into alternatives before buying a policy. There are several alternatives out there and with a little creativity you'll find that many only of these alternatives who will look better than pet insurance. Here are two alternatives for you to consider. Pet Emergency Fund Many financial magazines like Forbes magazine say that pet insurance is not worth the added expense. What they advocate is a pet emergency fund, where you set aside a certain amount of money to pay for your pets expenses. This fund could be kept in a separate account banking account or you could just designated the money in your regular savings account.
Remember with a pet insurance policy, most insurance companies are betting that you will not make your money back. That is how an insurance company operates so the odds are against you.
Care Credit Another alternative would be to use credit cards or something called Care Credit. Care Credit is like a credit card that you can use to pay for medical expenses. Like veterinary bills, dental bills, or your medical bills. And thousands of clinics across the country except Care Credit. Care Credit is great because it offers users O% interest for up to 24-36 months to pay off any bills. So this is essentially like free money. But remember like any credit card if you don't pay off your balance in time youÕll be hit with huge penalties. So use this option with great care.
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