Quote:
Originally Posted by jam26
I saw an investigative report on the news that showed pet insurance is rarely worth the money. Even in worse-case scenarios, it was rarely worthwhile.
The report showed that putting the amount of the premiums into a savings account for such emergencies will almost always be a better investment. And if your pet remains healthy, you still have the money.
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It's not really news, never mind investigative reporting that insurance is rarely worth the money. And in related news, human insurance of any kind is not worth the money. In the long run, or in a massive sample it is NEVER worth the money. (Anyone who is familiar with 'expected value' will understand that) That's why insurance companies exist in the first place.
However in a sample of one, it can save you from large expenses. Put it this way, if you can affort to pay for $1500 or so of surgury don't get it, but if you picture that day coming and you can't afford it and they have to put the cats down and that is unbearable to you, then get the insurance.