Here is an interesting take by some “experts” on the topic of pet health insurance and their claims that it is rarely needed and could be a waste of your money. They claim that:

* The average dog owner spends $261.30 per year in vet bills
* Less than 4 percent of American pets are insured, though that number is growing.
* There’s a greater variety of life-extending procedures and higher demand for them.

So the question that was asked at the beginning of the article -

“…should you shell out hundreds of dollars a year for puppy insurance just in case he needs an expensive life-extending operation?”

As is the case with most questions like this, the answer is personal preference. Financially is it responsible? Probably not when you consider you could take the premiums you would have paid out and placed it in a savings account for use in case of a life threatening emergency or operation that will cost you several hundred to thousands of dollars. “WHO does that?” For the majority of dog owners that have a dog that is a family member that they would do anything for, pet insurance gives them the peace of mind that they can pay a little now and over a long period of time just in case something happens to their family member. Isn’t all insurance like that? It is a gamble. It is you betting against the insurance company. The insurance company bets that out of all their policies only a few are going to collect more than what they put in, and you are betting that it just might be you that will need the insurance.