JMHO
I will never again have an uninsured dog. My one year old is already a thousand dollar dog. So even with a savings account just for him we would be tapped out already and have to pull from the family savings. Now we will go to a specialist and spend anywhere from four hundred to thousands and thousands because his bladder was put together wrong. This is our low maintenance dog. We thought he would be healthy.
anyway, I used to be of the opinion that a savings account was the better way. Not anymore... We are very thankful that petplan has to pay us back for this.
I don't think people realize just how much specialists cost. Leg and hip repairs are two to five grand. Back surgery is three to seven grand. Liver shunt is two to four grand. etc. etc.
If you are in a financial situation that allows you to not get the money back after you charge it and payments arent a problem..great. If you can't afford to charge without getting reimbursted then insurance is probably a good idea.