Saturday, November 3, 2018

Robert Jain: The Most Commonly Spread Pet Insurance Myths

By Jason McDonald


Insurance matters, as Robert Jain and other names in finance can attest, even beyond what we use to protect ourselves. This is where pet insurance comes into the picture, as it is designed to protect pets in case they experience illness or suffer injuries. Pet owners would be wise to invest in this, but they may have trepidation due to the various myths that exist. The following information will shed much-needed light on the matter.

"I don't need pet insurance if they're young." While younger pets are less likely to experience serious illness compared to elder animals, to say that pet insurance isn't needed would be a lie. In fact, younger dogs, cats, and other such animals can still experience accidents. These can result in injuries that, if left untreated, can become bigger problems. This is just one of the many misconceptions that names like Bob Jain can shed light on.

"Pet insurance won't cover everything I need." One of the reasons why many people don't buy pet insurance is the idea that it won't cover everything they need. Surprisingly, this insurance offers substantial coverage, depending on the specific plan. Not only is it capable of covering for physical injuries and short-term illnesses, but it can also extend to long-term cases like cancer. There's more coverage offered by pet insurance than many give it credit for.

"I'll just save money myself." You may not be comfortable buying pet insurance, which is where this option may spring to mind. The problem with saving money on your own is that you may not have enough saved to cover certain costs later on. More so, injuries and illnesses are difficult to predict, which makes saving money a bigger challenge. Don't rely on your own savings; buy insurance to have as much protection as possible.

"Pet insurance is expensive." This is arguably the most common misconception that people still believe to be true. In actuality, it can be surprisingly affordable if it's invested in early enough. Older animals are more difficult to cover, which is usually where the higher rates come from. For pet owners, it's important to make this investment early into your pet's life. As you look back on your financial statements, you'll be glad that you did.




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