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I'm sure there are a million threads asking this same question but I couldn't find any. My 16 week old has been on VPI since I got her (their best plan), I just read the reviews about it and it seems like I made a bad decision.. Any suggestions from anyone whose experienced VPI or another good pet insurance


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I went with Petplan based on research mostly from here.
 

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Based on all of the research I've done and the research of others here, Petplan seems to be the lesser of the evils :) And if you pay for the year in full, you get a okay discount, which helps. Stay with the 80%, as they don't pay more than that for specialist visits.
 

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I wouldn't insure an animal. Insurance companies tend to look for any excuse not to 'pay out'. Any animal to an insurance company is probably a liability.

I personally have no first hand experience with dogs, but I know with car insurance, they tend to try to pay out as little as possible.
 

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There was a story on the news I don't remember all the details I was busy doing stuff so my husband yelled out to me that its usually a waste of money and your better off setting up a bank account and put something in it every week. I was concidering getting insurance for my youngest dog but now I'm going to do a weekly deposit for vet bills in a separate account.
 

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There was a story on the news I don't remember all the details I was busy doing stuff so my husband yelled out to me that its usually a waste of money and your better off setting up a bank account and put something in it every week. I was concidering getting insurance for my youngest dog but now I'm going to do a weekly deposit for vet bills in a separate account.
Exactly. Setting funds where they have the ability to grow and mature for the life of the dog is a better idea. Or for use when there is emergency.

This is what people should do with kids as well.
 

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So, how much money would you guys suggest someone puts aside when the pup comes down with parvo @ nine weeks, followed by demodex mites, food & environmental allergies.

At one year of age she became very ill and her vet suggested an intestinal biopsy that went wrong (septic abdomen) and required emergency surgery and a four day stay at the hospital - total cost around $6,000 to save her life.

It turned out that she has EPI that requires two bottles of Viokase per month for a total of $420 per month.

B12 deficiency that require weekly shots - $42 a week

Allergy injections - serum costs $380 and lasts about four months.

Total cost for Nikki in the first year alone was around $10,000 and treatment is required for life.

Michaela
 

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So, how much money would you guys suggest someone puts aside....
From all the financial advice books I have read. This depends on what your income is like, what you can afford to do.

I love my dog. But he's still a dog. I'm not going to put a 2nd mortgage on the house to keep him alive.

Emotions and money can be a scary thing.

I highly suggest reading Kevin O'leary's book "men, women and money", Robert Kiyosaki's, "Rich Dad Poor Dad", "cashflow quadrent", David Bach's, "the automatic millionaire". Just to name a few.

In all of the situations where it talks about setting aside money for kids. You set up a 'college fund' for your puppy. but instead of college, its emergency fund.

The worst that happens, the dog dies and you are left with some money to get a new dog, or pay down the mortgage or something.
 

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Pet Policies

I'm an independent insurance agent and work mostly in health insurance for small-busineses. I further restrict my practice to Texas.

So, what I say should be taken with a grain of salt if you live outside of Texas as the laws, although often similar, may differ from state to state.

As I do 20 times a day with human health insurance, I read the coverage details of several policies from several insurance companies. I was not impressed, as follows:

1) Many of them had annual and lifetime caps on benefits. Those sorts of caps are outlawed by Health Reform for human policies which is a very good thing. That helps people avoid medical bankruptcy.

2) Pet insurance is not regulated in Texas by the Dept. of Insurance. Given that the depredations of the insurance industry are often only resolved at that level buying pet insurance in Texas leaves you at the mercy of the insurer unless you call 1-800-4lawyer.

3) There were substantial restrictions on the amount of benefits for some common pet ailments.

4) I found the premium payments to be large relative to the amount of risk the insurer was taking with the policies I read.

Now, this may not be true of all policies. Again, I just looked at a few who advertised to me after we registered Zues with the AKC. But please be wary about the above negatives.

LF
 

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From all the financial advice books I have read. This depends on what your income is like, what you can afford to do.

I love my dog. But he's still a dog. I'm not going to put a 2nd mortgage on the house to keep him alive.

Emotions and money can be a scary thing.

I highly suggest reading Kevin O'leary's book "men, women and money", Robert Kiyosaki's, "Rich Dad Poor Dad", "cashflow quadrent", David Bach's, "the automatic millionaire". Just to name a few.

In all of the situations where it talks about setting aside money for kids. You set up a 'college fund' for your puppy. but instead of college, its emergency fund.

The worst that happens, the dog dies and you are left with some money to get a new dog, or pay down the mortgage or something.
I wasn't actually asking for advise but maybe you should read "The Total Money Makeover" by Dave Ramsey.

After spending about $40,000 on my first GSD I would never own another one without insurance...period. My dogs are part of the family and instead of letting Nikki die so I can get a new one, I did what was necessary to save her life :rolleyes:

One time emergencies as well as chronic health issues can run into the thousands of dollars very quickly.
 

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Rachell2313: Lots of research on this topic has been done by another member on this board who is also in the insurance business. You can read some of it in the threads I posted or do an advanced search, his username is "kr16". If you have additional questions I am sure he wouldn't mind if you asked him.

I was trying to make a point in my previous post that putting up $100 a month or so isn't going to help much if you have a real emergency or lifelong issues with your dog(s). In our case Nikki's diet is also very expensive and the total for her care per month would be around $1,000 a month. I don't know many people who wouldn't have a hard time with this amount unless you're rich.

Insurance isn't meant to be a savings account, in my case I wish I didn't need it at all and would gladly pay the premiums in exchange for a healthy dog :(
 

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$40,000. As long as everyone is happy, and you can recover from the debt.

I do have a question: Did you read the fine print on the insurance you have now? Did you disclose the issues you had with your dog to the insurance company? How did they determine her, as a liability? Do you pay some kind of higher fee for the insurance, or are they totally going to decline you if you have another issue.

I'd be very skeptical of insurance companies. They don't make money by paying out to everyone.
 

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$40,000. As long as everyone is happy, and you can recover from the debt.

I do have a question: Did you read the fine print on the insurance you have now? Did you disclose the issues you had with your dog to the insurance company? How did they determine her, as a liability? Do you pay some kind of higher fee for the insurance, or are they totally going to decline you if you have another issue.

I'd be very skeptical of insurance companies. They don't make money by paying out to everyone.
I don't believe in debt...I pay cash ;)

I did lots of research before I decided on Petplan and been very happy with them.

My first GSD "Heidi" wasn't insured.

Nikki, my current GSD, was signed up at six weeks old while still at the breeders, she doesn't have any pre-existing conditions.

I don't know what everyone else pays for premiums but mine has gone up about $4 per month each year, last year it was a little more but currently I pay $50 per month.

Petplan has never declined to pay what is covered under her policy and Nikki is three years old.
 

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I second petplan. Also had one dog without insurance, never again. But again, if dog is just a dog that is not worth much if sick then $100 a months fund will do.
 

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I wasn't actually asking for advise but maybe you should read "The Total Money Makeover" by Dave Ramsey.

After spending about $40,000 on my first GSD I would never own another one without insurance...period. My dogs are part of the family and instead of letting Nikki die so I can get a new one, I did what was necessary to save her life :rolleyes:

One time emergencies as well as chronic health issues can run into the thousands of dollars very quickly.
Wow, I'm a Dave Ramsey ELP, great advice
 

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Again, Petplan seems to be the lesser of the evils. I would recommend keeping your pup covered with insurance at least until he is a physically and mentally matured adult. Right now, he's a baby and you know how much mischief babies can get into...
 

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That is my take as well. [at least get through puppy hood when the genetic issues may pop up] Petplan covers genetic issues and allows carry over year to year. I imagine the plan will get to be prohibitively expensive after awhile but for now they have a good reputation for doing what they say they will do.

I would rather go two years and loose my money than use the plan but a few multi thousand dollar vet bills have taught me how quickly things rack up. Of course, they are not as good (higher copay) for ER vet as for chronic conditions but a lot better than nothing.
 
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