Your pet is a part of your family, and you'd do anything to keep your fluffy friend happy and healthy.
Sure any trip to the vet is expensive, but if your pet is usually healthy, you've probably just paid for their occasional medical care out of pocket. If you've never even considered pet insurance, you're not alone. While around 68% of U.S. households own pets, only 1% of those pets are insured, according to the North American Pet Health Insurance Association (NAPHIA). But what would you do if your pet had a sudden medical emergency, racking up medical bills into the thousands?
A recent survey by the Associated Press found that 41% of pet owners are worried they could not afford the medical bills for a sick pet. Petfinder estimates the annual cost of routine vet visits is $45-$200 for dogs and $50-$400 for cats, but emergency vet visits can cost up to $2,000, sometimes more. If you couldn't bare to leave your pet untreated in the case of an unexpected health issue, but a $2,000 vet bill isn't in your budget, maybe pet insurance is something you should consider.
Pet insurance is actually not dissimilar from human health insurance. According to Penny Hoarder, like health insurance, when buying pet insurance, "You can choose from different levels of coverage, with each plan costing a monthly or annual premium based on how much coverage you choose."
Plans differ pretty dramatically in what they cover, and while some cover basic scenarios like accidents and injuries, others only cover accidents. Some of the most comprehensive (and most expensive) plans include accidents, injuries and genetic/hereditary conditions. But is an extra monthly fee worth the peace of mind?
Pet Life Today
Veterinarian Jean Maixner, co-owner of Animal Critical Care & Emergency Services in Seattle, thinks it is. "If you get the right policy, it can be an asset to the health care of that pet and have a significant impact on the bill that results from a visit in an emergency situation." She goes on to say that, "Some people can't afford the treatment so they ask us to euthanize their pet. It's absolutely horrible,If people had acquired pet insurance before the emergency occurred, they might have been able to move forward with some reasonable treatment to help their pet."
But while pet insurance may serve as emotional comfort, evidence suggests it just doesn't make financial sense. In an attempt to find a definitive answer about whether pet insurance is worth the cost, Consumer Reports compared the cost vs. payout of nine pet policies for a healthy 10-year-old beagle named Roxy. The vet bills over Roxy's life time came out to a grand total of $7,026. In every case, the total premiums that would have been paid to each of the ten insurance companies were higher than Roxy's medical bills.
But, you may still be wondering, what if Roxy had faced a major medical event, would the insurance have been worth it then? Even in that case, the magazine found, probably not.
Instead, to prepare for the event of a catastrophic medical bill for your pet, we recommend putting aside the money you would have used to pay an insurance company each month and creating a savings account. That way, if your pet lives a healthy life and never needs major medical intervention, you haven't wasted your money on an unnecessary policy, but you're still prepared should something happen to your furry best friend.
- 5 Smart Reasons to Buy Pet Insurance | NEA Member Benefits ›
- Is pet insurance worth it? - The Washington Post ›
- Is Pet Insurance Worth It? Here's How to Decide ›
- Is Pet Insurance Worth It? ›
- Pet Insurance for Dogs — Should You Have It? ›
- Should You Buy Pet Insurance? | HuffPost ›
- Do You Need Pet Insurance? ›
- When's the best time to buy pet insurance? | Policygenius ›
- Is Pet Insurance Worth the Cost? - Consumer Reports ›
- Is Pet Insurance Worth It? A Veterinarian's Perspective. ›
- Is Pet Insurance Worth It? Here's How to Decide ›
- Should you buy pet insurance? | The Bark ›
- ConsumerMan: Is pet insurance worth it? - Business - Consumer ... ›
Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.