Keeping Your Pets and Pockets Safe

You aren’t the only one who knows the sun is shining and the fresh, warm air has finally arrived, your pets do too! This will most likely mean you will be taking your dog to the dog park and being more active with your fur friends outside.Did you know that Canadians spend about $4 billion on their pets every year! While a portion of that money goes to food and toys, medical care for pets has been growing consistently. This poses the question: have you ever considered pet insurance?Below are five things you should know while looking into different options:1. Enrolment period: Some plans cover your pets from 8 weeks old to death; others cut off coverage at 8 years, just when you’re most likely to need coverage.2. Wait Period: There is often a wait period of up to 21 days from the time you fill out the application until the plan goes into effect. Some plans also require a vet check up before the plan is activated.3. Benefit Limit: What is the maximum the plan will pay out each year or over the life of the plan? Does this make sense for your lifestyle?4. Deductible: How much will you be responsible for paying from your own pocket can depend on your coverage. Some plans let you choose a deductible while other plans increase the deductible as your pet ages.5. Monthly Cost: Costs vary depending on the type of plan you sign up for, with monthly premiums running anywhere from $10 to $100.Do your research and figure out if it’s worth the cost over a long period of time or  you might be better off creating a bank account for your fur friend a bank account and keeping an emergency fund at the ready.