It doesn’t take long to assess the pros and cons of accident-only pet insurance. The cons are endless. The biggest pro is that you might pay somewhat lower premiums.
But even with the best accident-only pet insurance, those savings can be extremely deceptive. If you have to pay for 100% of illness treatments out of pocket throughout your pet’s life, there’s a very strong chance your bank account will be worse off in the long run.
It is true that some pets (particularly senior dogs or cats) already suffer from a number of pre-existing conditions that aren’t eligible for coverage. But those pets might still sprain a paw while chasing a frisbee in the park. In these specific cases, an accident-only plan might make sense. But for a dog who’s likely to be eligible for significant illness coverage, the risks badly outweigh any potential savings.