Quote:
Originally Posted by jam26
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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I've done this for other things and it works well. For example, everytime I buy some product and they try to sell me an extended warranty, I kick $20 to $40 into a "household maintenance fund". I've been doing this for close to 20 years, and it has always covered basic repairs for household appliances and such.
I'm self-employed and doing the same thing with a personal disability insurance plan.
So I can see where the same tact would work well with pet expenses as well. It would probably never cover a $4000 procudure, but it would probably be more than adequte for $500 to $1000 procedures.