I’ve always said that I view insurance as protection against the catastrophic, not against the routine. It’s why I don’t have collision and comprehensive insurance on my car. So how does this change with pet insurance? Why do we have pet insurance on the little guy instead of self-insuring his health?
I do this because I view Tobey as priceless. By priceless I don’t mean he’s worth a bazillion dollars, I mean I have no way to determine how much I’m willing to spend for his care. I recognize that it’s my responsibility to take care of him as long as he can live comfortably (otherwise we shouldn’t have adopted him), but without insurance I have to be the arbiter of his fate if he comes down with something. (it’s really my lovely wife and me deciding, but you get the idea) How much should I spend on his care? $500? $1,000? $5,000? $10,000?
I have no idea. In fact, I don’t even want to think about it.
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