Are you one of the millions of Americans that absolutely loves their pets? Would you do almost anything for them? If so, do you have pet insurance coverage? If not, you may well want to continue reading. This article may save yourself thousands of dollars … Let’s take a look at two, not unusual, instances that may happen to an animal owner in the United States:

Example 1:

The mail delivery person arrives at the house to deliver the mail. In the course of making that delivery, your pet dog bites the postman.

Example 2:

You own a horse. The horse is grazing in the field. The horse is startled, jumps the hedge and crashes into an oncoming car.

Do you understand exactly what would occur in both of these scenarios? Well, if you do not currently know, I hope you are paying attention to the news, as we hear about dogs attacking innocent people. In Scenario 1, you could be liable to make restitution under the Dangerous Dogs Act.

Less popular, in Scenario 2 you might be responsible to pay damages because of the horse. In either case, you’re paying.

How can you minimize the liability you’ll suffer if either of these unfortunate events where to take place? Without some type of pet insurance plan you might not. If you have a family pet, i am sure you will want to save yourself from the prospect of having to pay out a large amount of money in settlement damages. You will need to purchase pet insurance.

Although animal insurance is not likely to cover the total costs of a claim or pay compensation if you lose.  If you have pet insurance, there will be a minimum excess payment and maximum cap payment.  This will give you peace of mind if an unfortunate situation arises.

At the end of the day, however, having pet insurance is like having any other type if insurance coverage. Do you want to take the chance that you could be sued for tens of thousands, or even millions of dollars in individual injury compensation claims without having pet insurance?

Without some form of pet insurance policy you could not. If you have an animal and want to save yourself from the possibility of having to pay out a potentially large amount of money in payment damages to a third party, you should be thinking about buying family pet insurance.

If you are purchasing a home, the homeowner’s insurance company will ask you specifically if you have a pet.  They will ask you if you have a dog.  If you do, they will automatically add on the pet insurance.  Some insurance companies will not insure you if you do not purchase the coverage.

It is better to be safe than sorry.