Suze Orman vs. Pet Insurance, which one will you choose?

Do you ever wonder what would happen if your pet became seriously ill or hurt, and you didn’t have the extra cash to help them? This happens to pet owners everywhere, and it’s a scary situation when you’re the one in that position.  You could purchase one of many different options of pet insurance, or you could listen to the wise words of the financial guru Suze Orman – who has her own opinion when it comes to being financially ready if something happens to your pet.

Pet insurance can help you out in worst case scenarios, and even though it doesn’t happen often, it’s a good thing to consider if your pet is prone to being severely hurt. Below, I have listed the top three pet insurance companies according to, the top three are:

  1. First on the list is PetPlan, which can roughly cost between $20 and $60 per month and is considered the “best overall pet insurance”. According to the Consumer Search website, one benefit of this insurance plan is that it covers prescriptions and alternative therapies; but the downside is that there is no routine care coverage.
  2. Healthy Paws is the second on the list, and its average cost is anywhere from $25 to $40 per month. Consumer Search states that Healthy Paws is the “best customizable pet insurance…”  Important benefits listed on their website are that there are no annual or lifetime caps on claims, and also prescription coverage is standard. However, like PetPlan, there is no routine care coverage.
  3. Pet Assure is last on the list, but it is considered by Consumer Search to be the “best pet health discount plan” and costs roughly $10 to $15 a month, the cheapest of the three. A notable difference is that Pet Assure offers a 25% discount with participating veterinarians rather than “coverage”. An advantage of this insurance is that the discount is automatic, and there are no exclusions or limitations.  On the other hand, it can be difficult to find providers that accept this insurance discount.

As an alternative to pet insurance, you could consider the recommendation of Suze Orman.  Orman, according to USA Today, is “a force in the world of personal finance and a one-woman financial advice powerhouse”; her job is to give expert advice on how to manage your finances when it comes to saving money, owning a home, buying a car, and even taking care of your pet. Suze Orman’s advice when it comes to unexpected medical expenses for your pets is that you should not go with traditional pet insurance companies; her opinion is that instead, you should put some money into a savings account each month, and let the account build for those emergencies. This is because you are usually not taking your pet to the doctors to be seen every month, unless she has chronic health issues, and so it’s better to save your money.  Putting your money into a savings account allows you to use it for any type of medical pet expense, while insurance only covers specific things.

The staff and I at ZoeDoggy endorse Suze Orman’s advice because it has a logical reasoning behind it. Paying for medical insurance as a human makes sense because accidents happen, and being sick is common.  What’s more, being sick or injured can drastically affect your ability to make a living or take care of your loved ones.  When it comes to your pet though, those things don’t happen as often, so why give your money to a company every year when you may never file a claim, or find that your expenses are not covered. Putting money into a savings account for these emergencies, like Suze Orman says, seems to us to be the best case scenario.

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