(NC)

Pets are great. Not only do they provide companionship, but they can also improve our health and well-being. It’s well documented that they keep us active and can help improve mood, reduce stress and even lower our blood pressure. No wonder people treat them like family. Should we invest in the same sort of insurance coverage for them as well? Is pet insurance worth it? As risk assessment professionals who often advise on insurance, many actuaries have strong knowledge on the subject. Here’s what their analysis suggests. Most Canadians have some form of insurance through public, group or individual health plans to help cover their own medical costs. Pet insurance generally offers the same basic coverage for the cost of accidents or sudden illness. For some, this sort of coverage can be really valuable. If you have had a pet for any length of time, there’s a good chance you have received a large and unexpected vet bill at some point.