An author from New Zealand claims that “pet insurance [is] not worthwhile for healthy pets.” He notes that “if pets are healthy and do not require any major treatment or operation, then it is not worth going for an insurance plan.”
Hard to argue with that logic. Similarly, if you are never going to get into a car accident, auto insurance is not worth it. Same goes with human health insurance: if you are healthy and won’t be requiring any serious medical treatment during your life, you may want to just skip on insurance altogether.
Not sure why many people don’t grasp that insurance is primarily a hedge against an unexpected occurrence. And pet insurance is best used by owners to avoid economic euthanasia – putting down a beloved pet because they can’t afford the vet costs.
But the author is certainly correct – pet insurance is not worth it if your pet is never going to get sick.