Is Pet Insurance Enough To Cover Pet Expenses? What are Other Ways to Get Help

Posted by Daniel Martins on July 6th, 2021

Do you have a furry companion? If yes, chances are you have to spend a lot when it comes to pet healthcare. From upkeep, routine check-ups to treatments, having a pet can be heavy on your pocket.

While pet insurance has provided much-needed relief to pet owners, is it really enough to make sure your pet gets the best care without you worrying about the finances? Keep reading to find out how much pet insurance costs and ways to cover pet expenses.

Just like any other family member, your pet needs healthcare as well. But thanks to the recently introduced pet insurance in India- it has helped pet owners breathe a sigh of relief. Today, insurance companies provide pet insurance at an inexpensive cost.

Most insurance companies provide a cover in the range of Rs 15,000 and Rs 60,000, and the premium cost usually ranges between 3-5% of the sum assured. This means the annual premium would cost about Rs 450 to Rs 3000. The premium is usually decided based on the pet's-

  • Category
  • Age
  • Sex
  • Breed
  • Other factors

While pet insurance is fairly inexpensive and affordable in India, the cover may or may not be enough. For instance, surgery for your pet could cost between Rs 20,000 to Rs 1,00,000. And sometimes, the insurance policy may not cover all the expenses.

While it is good to have a pet insurance policy, you must also know about various other ways to raise money should your furry friend need help. Here are a few other ways to raise money for your pets.

  • Pet Credit Card: While this is not a popularly practised way to fund your pet, it can help you manage your pet funds more efficiently. You can dedicate a credit card entirely to monthly pet expenses to help you keep track of it. You can also consult with your pet clinic to see if they provide credit card membership to cover the vet bills, which you can pay back in the form of EMI.
  • Community Fundraiser: If you and your friends are struggling with the upkeep of your companions, you can run a community fundraising event to raise money for them. Many event ideas, such as pet-wash, car-wash, pet-grooming events, etc., can help you fund your pet's healthcare. You can also organize a pet yoga or pet therapy event in your area. Just remember to include the donation link in the promotion of your event.

  • Financial Assistance Groups: There are many financial assistance groups for animals that fund treatment for pets and other animals. There are also breed-specific smaller groups that rescue dogs and provide free veterinary care to domestic pets. If you own a farm pet, you can also ask for financial aid from the Animal Welfare Board of India. The organization provides grants for rescuing, healthcare and maintenance of animals.

  • Pet Crowdfunding: Pet crowdfunding has emerged as one of the most successful options for funding your pet. You can create a fundraising campaign for your pet by building your pet's story on social media, youtube or Facebook. The campaign should be able to make donors empathize with the cause so that they are inclined to donate. An important thing to keep in mind is the choice of a crowdfunding platform. You can choose a safe platform with no platform fees, such as Ketto.

Besides the activities mentioned above, there are many more ways to fund your pet's expenses through pet crowdfunding, such as pet picnics, farm day out etc. Pet expenses without financial aid can prove to be too much for anyone. Whether it is pet insurance, pet credit card or crowdfunding, you have to be smart about your pet expenses so you can take care of your companion and yourself. Remember, a happy pet needs a happy owner!

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Daniel Martins

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Daniel Martins
Joined: August 31st, 2020
Articles Posted: 13

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