Reply to A Week In Washington, DC, On A Joint $655,000 Income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Pet insurance - makes sense just like human insurance. You hopefully rarely need it but it is helpful if your pet needs surgery or treatment which can cost thousands. I know 3 people (some who mocked the insurance) who each had to lay out $3-$6k just in past year.

That said sure if that amount is pocket change then who cares but for many it makes sense.

In the past people would put their pets to sleep but now there are advanced treatment for pets so they live longer. Next...Nursing homes for pets?? [/quote]

Over our marriage DH and I have had four dogs, the youngest of whom is 9. Their lives have totaled 52 years so far. At $28/month we would have paid around $17,500 to a pet insurance company. Of all those dogs only one has ever had a serious health problem (cancer) which cost us about ten grand. But that was over six months plus our HHI is usually around $500K. I wouldn’t call it pocket change but it wasn’t a serious dent at our income and wouldn’t be for theirs either. That’s why everyone says pet insurance doesn’t make sense for these people.[/quote]

It doesn’t make financial sense, but it may make sense from an “I love my dog but I’m cheap” sense. It’s a lot easier to commit yourself to $10k worth of treatment for “just a dog” if someone else is footing the bill or there is a pot of money dedicated for exactly that purpose. Most people don’t acquire and maintain inter generational wealth with a spendthrift mindset. The insurance may really be insurance against an overly frugal mindset. [/quote]

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