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Apache is functioning normally

Apache is functioning normally

The rest of the country is catching on to what Montanans have always known — it’s a beautiful and affordable place to live, and not as wild as it seems on the show, “Yellowstone.”

Montana is known as The Treasure State for its literal on-site treasures, like silver, gold, sapphire and so on. But it’s a hidden gem for many more reasons than that. First, it’s home to some of the most stunning and unspoiled landscapes in the country. For the more practical renter, however, much of the state falls well below the national average in cost of living.

Affordable beauty? Yes, please! Here are some of the best places to live in Montana, and they’re about as wide and varied for a state that sports so much land.

  • Population: 54,539
  • 1-BR median rent: $2,257
  • 2-BR median rent: $2,532
  • Median home price: $693,000
  • Median household income: $67,354

Life in the southern Montana city of Bozeman splits the difference between big-city and rural living. As the fourth-largest city in the state, apartments in Bozeman can be found at a range of price points and styles.

Termed the “most livable place” in Montana, Bozeman has plenty to offer people of diverse interests. Obviously, its proximity to the legendary Yellowstone National Park begets its people access to all kinds of outdoor activities. That said, Bozeman has also cultivated impressive nightlife opportunities for a city its size, not to mention a booming cultural scene complete with art galleries, museums and a symphony.

Bozeman boasts a great selection of housing options, especially when it comes to luxury rentals like Icon Apartment Homes at Ferguson Farm, 19th and Graf and Madison Park, all of which feature up-to-date rentals with plenty of upgrades.

  • Population: 117,445
  • 1-BR median rent: $1,341
  • 2-BR median rent: $1,513
  • Median home price: $360,000
  • Median household income: $63,608

Billings is far and away the most populated city in Montana by tens of thousands of people. Living in Billings is obviously more affordable than in Bozeman, a welcome revelation for the renter looking for a good value. Also found on the southern end of the state, Billings keeps its local population entertained via a spate of events, such as the Yellowstone International Air Shot, MontanaFair and the Magic City Blues Festival, among others. There are also plenty of spas and such to help a local relax following a tough day hiking the trails or climbing rock faces.

There are plenty of apartment options in Billings, from a furnished studio at Billings-West End to one of the more spacious options at Interurban Apartment Homes or Farmstead Apartments.

  • Population: 34,786
  • 1-BR median rent: $900
  • 2-BR median rent: $950
  • Median home price: $250,000
  • Median household income: $50,661

Life in Butte is a picturesque one, as the smaller city is found right between Glacier National Park and Yellowstone National Park. It features some of the best fishing and boating opportunities in the world, not to mention more than a dozen scenic trailheads for hiking, jogging and biking.

Butte’s restaurant scene is larger and more diverse than one would expect from a city its size, including a variety of chain spots mixed in with locally owned and operated eateries. The film industry is also alive and well in Butte as more and more television shows and movies are choosing to set up shop there.

Butte’s apartment scene is a bit more limited than some of the larger Montana cities, but there are still plenty of places to lay your head. This three-bedroom unit has clearly been renovated recently, and this spacious two-bedroom apartment rents for far less per month than the same type of unit would in another city.

  • Population: 33,120
  • 1-BR median rent: $999
  • 2-BR median rent: $1,175
  • Median home price: $430,000
  • Median household income: $59,712

The capital city of Montana is small but mighty. It’s similar in both population and price point to Butte, making it ideal for people who want some neighbors, but not too many.

It’s one of the historic centerpieces of the state and has a lot of attractions to prove it. The lovingly maintained downtown area has a colorful history, best told by any of the walking tour experts available for hire. Then there’s the stunning Mansion District, which is an experience all on its own. Just north of the city are the significant “Gates of the Mountains,” a stop on Lewis and Clark’s historic exploration route, which can be viewed via boat tour. That’s all in addition to the locally owned shopping, dining and other establishments that have become the norm for quaint towns like this one.

Apartments in Helena are available at all price points, including the ideally located Element 79 Apartments, which is close to so many coffee shops and restaurants. Or, there are plenty of units within larger houses to look at. Inventory is lower given the size of the city, but the patient renter can find something to suit and prove the wait worthwhile.

  • Population: 60,403
  • 1-BR median rent: $1,290
  • 2-BR median rent: $1,595
  • Median home price: $255,000
  • Median household income: $53,126

Living in Great Falls doesn’t require as much in the bank compared with some other Montana cities, as the median home price is lower to match a slightly lower median income. So named for the stunning waterfalls, courtesy of the Missouri River, the area is home to the state’s largest urban Native American population and is also the site of the Little Shell Chippewa tribe’s headquarters.

Indeed, Great Falls, like many other areas of the country, has a sad history related to Native Americans, but today’s citizens do their best to preserve the complicated history and encourage the traditions to continue. Locals appreciate the four distinct seasons that the area enjoys, with cold winters but delightfully mild summertime temps. It’s easy to stay busy year-round with tons of scenic drives, trailheads, outdoor activities and festivals to choose from.

Much like other cities in Montana, there aren’t a ton of huge apartment communities to choose from. One good traditional option is Talus Apartments, which has multiple floor plans and a lot of the standard amenities that renters have come to expect. Or, there are furnished units available at Sunnyside Apartments.

  • Population: 74,822
  • 1-BR median rent: $1,295
  • 2-BR median rent: $1,595
  • Median home price: $542,000
  • Median household income: $54,423

Just east of the Idaho border on Montana’s western edge is Missoula, a mid-sized city with big aspirations. Buying a home in Missoula is a pricier prospect than it is in a lot of other parts of the state, with a median home price of $542,000.

It’s not as pricey as Bozeman, but it’s nipping at its heels. Fortunately, there are lots of other reasons people choose to live in Missoula. First, it’s still pretty affordable to rent an apartment in Missoula. It’s also a generally fun and whimsical place to hang out. Shoppers and fans of local goods love to bundle up and hit Missoula’s Winter Market, held at the Fairgrounds. Then there are plenty of hot springs to soak in, gold and gems to mine and even ghost towns to tour.

812 Toole Ave sometimes has chic units available for rent, and 712 Spruce St also has apartment options at a range of price points. Once again, availability is a bit limited as Missoula is far from what people would refer to as the “big city.”

  • Population: 26,110
  • 1-BR median rent: $1,250
  • 2-BR median rent: $1,650
  • Median home price: $499,000
  • Median household income: $55,411

Unlike many other cities on our list, the city of Kalispell is located in the northwestern corner of the state. Only 32 miles from Glacier National Park, this mountain town is also home to the western U.S.’s largest natural freshwater lake, Lake Flathead. Obviously, between the two there is an abundance of outdoor activities to enjoy in Kalispell and its stunning surrounding areas.

Locals and visitors also love to stroll the quaint area of downtown Kalispell for food, shopping and general ambiance. The area is also ultra-friendly to dogs and families, thanks to an abundance of parks and recreation opportunities.

For a city its size, Kalispell actually has a nice range of apartment homes to consider. The Meridian Apartments is a pet-friendly, smoke-free establishment that features beautiful in-unit flooring. Or there’s Stillwater Crossing, which offers covered carports, video monitoring and lots of design upgrades.

  • Population: 8,492
  • 1-BR median rent: $1,400
  • 2-BR median rent: $1,850
  • Median home price: $913,000
  • Median household income: $64,595

The housing market is booming in the city of Whitefish, which has a median home price of $913,000, up more than 30 percent since last year. Situated around Whitefish Lake, this city is a popular ski destination but sees tourism year-round thanks to its proximity to Glacier National Park.

For all of the athletic endeavors that can be enjoyed here, there’s also an exceptional arts and culture scene. The Whitefish Theatre Company puts on shows regularly ranging from plays to musicals. Boating enthusiasts in particular flock to the area’s Whitefish Woody Weekend, specifically put on to showcase classic boats. So although Whitefish boasts some of the best skiing in the world, it also has a lot of other things going for it.

Fortunately, apartment rents in Whitefish haven’t inflated the same way as local real estate has. The new construction units at Whitefish Apartment Homes are pristine and ideally located. Or there are a number of individual units available for rent, like this one on Cottonwood Ct.

  • Population: 9,491
  • 1-BR median rent: n/a
  • 2-BR median rent: $806
  • Median home price: n/a
  • Median household income: $44,809

Only slightly larger than Whitefish is the southwestern Montana city of Anaconda. Known for its iconic smokestack, the city of Anaconda is one of Montana’s best-kept secrets. Originally, Anaconda grew as a result of copper mining in nearby Butte, as Anaconda became the site of critical copper smelting jobs.

Like most of the rest of the state, Anaconda is firmly ensconced in some serious natural beauty. It’s found in the Deer Lodge National Forest, so there’s obviously plenty of outdoor fun to be had. A bit of modern sport is also available at the Old Works Golf Course, however.

Anaconda’s a pretty small city by most people’s standards, so rental options are somewhat limited. There are single units available if you know where to look, such as this one on 4th Street and this one on Locust Street.

Find an apartment for rent in Montana

Montana is thoroughly its own state, thanks to its unique beauty and culture. Anyone who’s interested in adopting a quieter, but still exciting way of life should consider looking at apartments for rent in Montana.

Methodology

The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com as of April 2023.

Median home prices are from Redfin as of April 2023. Population and median household income are from the U.S. Census Bureau.

The information in this article is for illustrative purposes only. This data herein does not constitute a pricing guarantee or financial advice related to the rental market.

Source: rent.com

Apache is functioning normally

Apache is functioning normally

Most reader questions I share at Get Rich Slowly are meant to solve a problem — somebody has a financial dilemma they’re hoping you folks can help them fix. But Rita sent a different kind of question. She doesn’t want to solve a problem — she wants to stir debate. Rita writes:

I ask myself “How much is enough?” several times daily. My husband and I make good money — over $100,000 in combined income — own a home in an expensive city, have two large dogs, and are able to buy most of what we want. I don’t have a problem with normal spending, but I often feel bad when I purchase something really nice (such as a nice purse, a collectible book, etc).

  • On one hand, I can afford these things.
  • But on the other hand, I still feel that it’s somehow wrong that I continue to buy this stuff while many people in the world cannot afford clean water and food.

Just yesterday, I read an article on an entertainment site about Steven Spielberg’s $200 million personal yacht. I think that this a a crazy, immoral waste of money. He could make a HUGE difference by using that $200 million for charity.

I guess my point is: Am I really any better? No, I’m not buying a yacht anytime soon, but I do buy luxury items. And someday I’d like the satisfaction of being able to buy my husband a Range Rover. (He loves those damn cars.) My husband doesn’t feel guilt for having these things, but (if I’m being completely honest with myself) I do. Oddly enough, I majored in finance in college and am currently studying for the CFA exam, so the topic of “efficiency and equity” is really on my mind.

Four years ago, prompted by this thoughtful essay in the New York Times, I asked: What should a billionaire give, and what should you?

In this essay, philosopher Peter Singer discussed the magnitude of charitable donations from the two richest men in the world: Warren Buffett contributed $37 billion to charitable foundations, and Bill and Melinda Gates gave $30 billion. Singer wrote:

Philanthropy on this scale raises many ethical questions: Why are the people who are giving doing so? Does it do any good? Should we praise them for giving so much or criticize them for not giving still more? Is it troubling that such momentous decisions are made by a few extremely wealthy individuals? And how do our judgments about them reflect on our own way of living?

Singer’s article discusses the ethics of giving, and tries to establish some guidelines. (It’s a fascinating read but it’s long, so budget half an hour or so.)

After years of dithering, I’m finally moving forward with philanthropy in my own life. I’ve been researching (and finding!) causes to support. I’ve been exploring the possibility of volunteer tourism. And one of my goals for Awesome People is to donate all profits to charity. (I’ll share more about my forays into philanthropy in coming months.)

But Rita’s question is about more than just giving. It’s also about consumption. When we buy things, there are ramifications across a vast economic web. This is why some people are willing to pay a premium to buy local or to buy organic. It’s also why some people insist on buying American and others boycott specific items. (Some people refuse to buy diamonds; my high-school social studies teacher refused to buy bananas.)

On a basic level, every time we choose to buy a comfort or a luxury, we’re also making the choice not to use the money to help somebody else — whether in our own community or in the world at large. To what degree is this acceptable? To what degree is this reprehensible?


xkcd tackles the morality of spending…

This goes beyond just the personal level, of course.

  • Today as I drove into downtown Portland, I passed the $37,000,000 Mercy Corps building. I winced when I saw it. Mercy Corps does great work, but how much more great work could it have done with the money it spent for its new headquarters?
  • Or what about the humble country church my family attended when I was in high school? About a decade ago, the congregation spent tens of thousands of dollars to pave the parking lot and to build a new kitchen, gymnasium, and office. Is this what Jesus would have done? Or would he have used the money to help the poor?

I used to think there were clear answers to questions like these. Now I’m not so sure. What is right and what is wrong?

[embedded content]

What are the moral implications of spending, especially on Wants? (I doubt anyone would argue that we shouldn’t spend on our own Needs.) If I spend $1500 for a pair of season tickets to the Portland Timbers, is this immoral? What if I also contribute $15 to a charity to make amends? $150? $1500? And at what point am I just “buying” a mental pardon?

Some of you will argue loud and long that there aren’t any moral implications to spending. Others will argue just as loudly (and just as long) that every economic act carries a moral and ethical component, that our financial decisions have meaning. I can see both sides.

What do you think? What are the moral implications of spending? When is it okay to buy a $200 million yacht? Is such a decision ever justifiable? Always justifiable? If Steven Spielberg also donates $200 million to charity, does that ameliorate this obscene expense? And what about on a more mundane scale? Are there any absolutes? How do you decide?

Note: Although this question is likely to stir more passionate debate than usual, let’s abide by the standard rules. You’re free to disagree with each other (and with me), but please do so respectfully. Keep things civil. As long as everyone’s polite, I think this could be a fine discussion.

Source: getrichslowly.org

Apache is functioning normally

Apache is functioning normally

Cleveland, Ohio, is a city that boasts a remarkable blend of urban sophistication and natural beauty. Located near the shores of Lake Erie, Cleveland offers a wealth of breathtaking destinations that are sure to delight both residents and visitors. From stunning lakefront vistas to lush green spaces and captivating architectural gems, this vibrant city has everything. So whether you’re a recent transplant renting an apartment in Cleveland or you’re looking on Redfin for homes for sale in the area, there are many beautiful places to see. Here are six beautiful places to visit in Cleveland that showcase the unique beauty of this city. 

1. Chagrin Falls 

Picture-perfect and full of charm, Chagrin Falls is a hidden gem in the Cleveland area. Located just a short drive from downtown, this idyllic village is known for its iconic waterfall, which gracefully cascades down the Chagrin River. As you stroll through the town, you’ll be greeted by quaint shops, cozy cafes, and historic buildings. Take a moment to savor the breathtaking views from the observation deck overlooking the falls, or venture down to the riverbank for a closer look.

Igor Oliyarnik Photography©

“I love visiting Chagrin Falls during every season of the year,” states local photographer Igor Oliyarnik. “It has a wonderful small-town charm with a beautiful waterfall in the center. The town has a vibrant restaurant scene, unique shops and an award-winning Cleveland Metropark nearby.” 

2. Huntington Beach 

Huntington Beach is a captivating destination that offers a tranquil escape and a chance to embrace the beauty of nature. The expansive sandy beach stretches as far as the eye can see, inviting visitors to unwind and revel in the serenity of the surroundings. 

Cowtownchad©

According to Cleveland local Chad Cochran of cowtownchad “in 2021, the Cleveland metroparks were recognized as the best in the nation. One beautiful example is Huntington Beach in Bay Village, where you will find the beach and park filled with visitors throughout the summer. Another gem is Rocky River Reservation, an ideal place for a walk, fishing, birding or taking in a game of golf.  Additionally, some folks don’t know that Northeast Ohio is also home to the only National Park in Ohio. The Cuyahoga Valley National Park has ample trails, Brandywine Falls and you can take in the phenomenal views on the scenic train ride.” 

3. Edgewater Park 

Along Lake Erie, Edgewater Park is a true beauty within Cleveland’s cityscape. With sandy beaches, green spaces, walking trails, and breathtaking lake views, this urban oasis offers a serene escape from the city.

Jessica Kae Photography©

According to Cleveland local Jessica Kate, “Edgewater Park is a family-friendly and scenic location close to downtown Cleveland. It’s great for hanging out with friends on the beach (and grabbing drinks or snacks at the Edgewater Beach House), walking your dog, playing volleyball, capturing special moments, or catching the sunset along Lake Erie. It’s one of our favorite spots.”

“Edgewater Park beckons people from far and wide, drawn by the irresistible combination of crystal-clear waters, lush parklands, and a coastline boasting the most mesmerizing sunsets in the world,” shares local photographer, Nathan Migal. Prepare to be enchanted as you join the vibrant tapestry of individuals who come together to revel in the splendor of Lake Erie, forging unforgettable connections amidst the magic of this exceptional urban retreat.” 

4. Everett Road Covered Bridge 

The Everett Road Covered Bridge is an iconic historical landmark in Cleveland, known for its picturesque charm and rustic beauty. The wooden structure, painted in a classic red hue, stands as a testament to the region’s rich history and architectural heritage. Stepping onto the bridge, you’ll feel transported to a bygone era, imagining the days when horse-drawn carriages gracefully crossed its path. Surrounded by lush greenery and spanning the tranquil flow of the Cuyahoga River, the Everett Road Covered Bridge offers a serene and nostalgic experience.

Birch Tree Photography©

“I absolutely love the Everett Road Covered Bridge which is nestled in the Cuyahoga Valley National Park, ” says Alex Denver of Birch Tree Photography. “The historic bridge is gorgeous and only accessible on foot. This allows for the perfect spot for portrait sessions for any family or couple in the Akron/Cleveland Area.” 

5. Hope Memorial Bridge

The Hope Memorial Bridge, a magnificent architectural marvel in Cleveland, Ohio, stands as a testament to the city’s rich history and artistic grandeur. Spanning the Cuyahoga River, this iconic bridge connects the downtown area with the vibrant neighborhoods of Ohio City and Tremont. As you approach the bridge, you’ll be captivated by its imposing presence and intricate detailing. Adorned with stunning Art Deco sculptures and intricate pylons, the bridge showcases the city’s commitment to blending beauty with functionality. The centerpiece of the bridge is the striking Guardians of Traffic, colossal figures that symbolize progress and protection.

Anthony Vence Photography©

“I love spending time in downtown Cleveland. It’s very walkable, the lake views are great, and it’s a great spot to catch a game,” shares local resident Anthony Vence. 

6. South Chagrin Reservation

Spanning over 1,700 acres, South Chagrin Reservation offers a diverse range of landscapes, from dense forests and rolling meadows to scenic waterfalls and tranquil streams. As you explore the winding trails, you’ll encounter an abundance of flora and fauna, providing a haven for wildlife and a sense of serenity for visitors. The highlight of South Chagrin Reservation is the picturesque Squaw Rock, a massive sandstone formation that stands as a testament to the area’s geological wonders. 

Ryn Clarke Photography©

“South Chagrin Reservation has miles and miles of hiking paths and bridle paths, both challenging and easily traveled, following the curve of the scenic Chagrin River,” shares photographer Ryn Clarke. “Dogs are welcome as long as they are on leashes, and the seasonal wildflowers and migrant songbirds will entertain you during your time there.” 

Cleveland, Ohio, is a city that truly captivates with its remarkable blend of urban sophistication and natural beauty. There are countless exquisite places to explore. Whether you’re a local, looking to move to Cleveland, or a visitor, these beautiful destinations offer a chance to immerse yourself in the unique beauty of Cleveland.

Source: redfin.com

Apache is functioning normally

Are you not a suit-and-tie kind of guy? You don’t have to be in order to achieve incredibly impressive real estate sales! Today’s guest, Phillip Salem, quadrupled his business when he stopped trying to be like other Realtors and started being himself. On this podcast, Phillip shares his story, his strategies for staying on top of the market, and his philosophy for helping clients find the perfect place to call home.

Listen to today’s show and learn:

  • About Phillip Salem [3:27]
  • Learning sales in New York City [6:52]
  • Staying authentic in the real estate business [8:43]
  • #NotYourBasicBroker [12:43]
  • Letting the wrong clients go [14:50]
  • Achieving exponential growth by knowing the market [19:33]
  • Doing marketing that you enjoy [21:52]
  • Selling the lifestyle and finding a client’s “why” [24:00]
  • Phillip’s love for animals and volunteering [30:28]
  • Phillip’s advice for new real estate agents [32:59]
  • The best way to learn the real estate business: buyers [36:22]
  • Where to find and follow Phillip Salem [40:12]

Phillip Salem

With his trademark combination of optimism, wit, and perseverance, Phillip Salem is one of the most sought-after agents in New York City. (There’s a reason he’s known as #NotYourBasicBroker, after all.) Though originally from Ohio, Phillip was drawn to the cultural diversity, art scene, and beautiful highrises of the Big Apple, moving to the city 14 years ago.

Shortly after graduating from The Fashion Institute of Technology, Phillip opened a designer clothing boutique in the Meatpacking District called OWEN. It was here he acquired valuable customer service and business skills as well as more deeply developed his natural talent for design and style. After closing the store, Phillip transitioned from selling clothing to selling a lifestyle, diving into real estate.

Phillip prides themselves on being 100% authentic and transparent at all times, and clients— who affectionately refer to him as “Agent P”—consistently note his outgoing, friendly, and trustworthy personality. Phillip believes that buying a home should be a fun and exciting process, which is why he injects warmth and passion into everything he does. He aims to go above and beyond for each one of his clients, making a positive impact on their lives and giving them an unparalleled experience.

Phillip currently lives with his husband and two dogs: Chiquita Banana and Cookie Dough. Some of their favorite pastimes include lounging by the pool, traveling, and sitting front row at Mariah Carey concerts. Phillip is also passionate about animals and giving back to the community, and can often be found volunteering at Animal Haven in SoHo and fostering senior dogs.

Related Links and Resources:

Thank You Rockstars!

It might go without saying, but I’m going to say it anyway: We really value listeners like you. We’re constantly working to improve the show, so why not leave us a review? If you love the content and can’t stand the thought of missing the nuggets our Rockstar guests share every week, please subscribe; it’ll get you instant access to our latest episodes and is the best way to support your favorite real estate podcast. Have questions? Suggestions? Want to say hi? Shoot me a message via Twitter, Instagram, Facebook, or Email.
-Aaron Amuchastegui

Source: hibandigital.com

Apache is functioning normally

As most of you know, we are in the very beginning stages of buying a house and possibly moving to Colorado. However, that’s not planned to happen for at least 1.5 years from now.

Some of you have asked why we’re waiting to buy a house and why we’re not moving right away.

Well, we still have to save for our down payment.

We would like to put around $100,000 on our next home (GAH that is scary to even think about), and that means we really need to buckle down and start saving since we still need to save for retirement as well.

We need to save money so that we can go to Colorado a decent amount and find our dream home. I don’t want to buy a home or live in a brand new town that I haven’t researched or visited at least a few times. 

We’ll also have some big expenses come up and we need to start paying for and saving for those too. I’m assuming that selling our current home will be a disaster, and we will either break even or owe a few thousand dollars. we’ve had some odd disasters happen at our home and we need to replace some things (for example: our garage door needs to be replaced after our truck flung into reverse, all by itself when no one was in it, and slammed into our garage).

So, because of all of the above, we need to save a decent amount of money over the next two years. However, we are not freaking out. We know that we have some time to save and that we have fairly low budgets already.

There are many ways we are currently saving money. These include: lowering our food budget, switching to a more fuel efficient car (we are saving hundreds each month now!), finding frugal entertainment, cutting our cable bill, switching to a cheaper cell phone plan (read here to find out how you can save $2,000 a year on your cell phone), and more. Most of these are lifestyle changes and we have been extremely happy with the changes we’ve made since they’ve allowed us to enjoy life more and save money as well.

Here are some of your responses to my question “What would you NOT cut from your budget (i.e. what do you value) in order to reach a current savings goal?”

Even though we are saving money in many different ways, there are certain things we will not cut out of our budget unless we absolutely need to. The “old” Michelle would have probably freaked out and cut everything in sight (except for number 2 below, of course) just because I used to let money control my life.

1. I won’t downsize my home.

I won’t sell our current home right at this moment (and move into a cheaper place) in order to save money more quickly. Our home is relatively cheap and to me it’s not worth it to move into a cheaper place in order to save a tiny bit of money

Also, moving twice seems like a nightmare. we moved many times before we moved into our current home so I will do anything to limit the amount of times I have to move all the stuff into my future home.

2. I won’t get rid of my dogs.

Some people don’t understand why dogs are so awesome, and that is fine. However, I am an insane dog person. I remember when someone once asked me why I spend money to have dogs. It’s because I LOVE them.

I will not get rid of my dogs to put more money towards my down payment.

3. I won’t stop traveling.

We love to travel, so I don’t see us completely eliminating vacations from our lives in order to save for a home down payment. Our trips are usually fairly cheap, and I just signed up for a new credit card in order to gain some fast rewards points again. I will be talking about this soon.

4. I won’t jeopardize my health.

We recently received a letter stating that our health insurance will be going up a little over 64% each MONTH. Even though this is happening, it does not mean that I’m just going to completely eliminate health insurance from my life.

I’m also still going to go to any and all annual preventative appointments I have as well.

5. I won’t drain my emergency fund.

We have a large emergency fund, and we could put it towards our house down payment fund. It would definitely help us reach our goal more quickly, but this isn’t something I want to do.

My emergency fund is there to help me in case something bad happens. Also, you just never know if something bad will happen with the future move, so keeping my emergency fund intact is very important to us.

6. I won’t stop having fun.

We have relatively cheap fun. We go for bike rides, walk on trails, go hiking, and more. However, even though it is a cheap hobby and all we really have to do is pay for the gas to get places, I won’t cut that out of my budget.

Too many people think that you can’t have fun when you are on a budget. That is just not true!

7. I won’t get rid of internet.

Nope, nope, nope. This is something I could never get rid of. Keep in mind that in order to work, I need internet. Yes, I could go to the library and get it for free, but I’ll pay my very minimal internet costs so that I can work in my home.

What are you currently saving for?  Are you cutting everything out of your lives in order to save for it? Why or why not?

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Source: makingsenseofcents.com

Apache is functioning normally

Pets are like your children, and just as you would ensure your little one’s oral health, you can’t ignore your pet’s dental health either.

Admittedly, dental issues can be costly for pets as they are for humans. That’s one crucial reason for getting a pet insurance plan covering every dental illness or accident.

So, if you’re planning to get the best pet insurance for dogs and cats, welcome to the perfect guide for all pet owners. Below we mention all you must know about pet dental insurance when buying a pet insurance policy.

Though, before we delve deeper, let’s first discuss the vital million-dollar question: whether your pet insurance coverage can include dental care or not.

What’s Ahead:

Can pet insurance plans cover dental care?

Typically, pet insurance companies don’t consider coverage for dental illnesses or a dental disease as a standard clause. Therefore, if you want accident and illness coverage, you have to buy the special pet insurance explicitly designed for dental coverage.

Or, you can do your research and contact a pet insurance company offering dental coverage as a preliminary to all pet owners. Pet insurance providers like Healthy Paws understand the significance of dental cleanings and how painful gum disease can be if not prevented- or treated- at the right time.

Whatever insurance plan you opt for, you need to check the kind of dental coverage. For instance, some pet dental insurance plans may include dental injuries, while some like Health Paws can cover extensive treatments like tooth extractions.

In addition, one pet insurance plan may cover the dental issues of pets under three years of age. In contrast, other pet insurance plans might cover dental treatment only if your pet received its annual dental exam within the previous 13 months. Therefore, you must check all these clauses before getting an insurance plan covering your pet’s dental hygiene.

We’re not exaggerating when we claim that it’s always safer and more rewarding to look for your pet’s dental insurance coverage. If you need more convincing, let’s head on to understand the benefits of buying coverage for pet dental care.

Why get dental insurance for your pet?

One of the top benefits of having pet health insurance with dental coverage is safety. You can have a peaceful state of mind because you can stay ready for dental issues in dogs like gingivitis and periodontal disease. Additionally, you never know when your pet might require a tooth extraction or treatment for periodontal disease.

Furthermore, cats’ dental accident and illness coverage include preventive dental care for deciduous teeth and routine teeth cleanings. These covered expenses ensure your adorable pet cat ages healthily.

Thus, having insurance to cover gum disease and your pet’s overall oral health is blissfully assuring and pocket-friendly. That’s vital, considering even preventive care and tooth cleaning can put quite a dent in your bank accounts otherwise.

What does pet dental coverage include?

Dental insurance coverage can vary, primarily depending on what American pet insurance company you get the insurance policy from. Usually, there are two categories for a pet’s dental health insurance: dental accidents and illnesses.

While some insurance firms may offer protection against accidents, others may cover dental illness only. And if you contact to get an insurance policy including both dental services, you can expect reimbursements for dental treatments for:

  • Gum disease
  • Root canals
  • Crowns
  • Damaged teeth
  • Gingivitis
  • Stomatitis
  • Tooth extractions

Dental procedures your pet insurance may not cover

While pet insurance for dental health can be quite comprehensive, insurance providers like Lemonade and other credible firms often don’t cover every dental disease or problem. Some general exclusions include:

  • Pre-existing conditions occurring before your pet insurance plan even started
  • Orthodontic, cosmetic, or endodontic dental treatments like fillings and implants
  • Regular treatments like routine teeth cleanings and routine dental care

Here’s a disclaimer:

Pet owners often consider getting pet oral care insurance to get reimbursements for tasks like routine dental cleanings. Some individuals even aim to get compensated for their pet’s dental illness with pre-existing conditions.

However, you must understand that pet insurance cover primarily includes injury and illness coverage to save you from expensive treatments. But routine dental cleaning is your responsibility as a pet owner.

While periodontal disease is unexpected and can happen for several reasons, cosmetic surgeries are a luxury, and pet teeth cleaning is your job. Ignoring teeth cleaning shows a lack of responsibility.

Poor dental health can lead to painful dental illnesses like gum diseases and eventually any periodontal disease, damaging your pet’s tissues and bones.

Because now, it’s not a matter of regular dental cleaning but gum issues, some pet owners think they can get reimbursed for this dental disease. But it’s not always the case. Insurance providers like Lemonade assess your pet’s dental claims and evaluate past treatments and health conditions before accepting and compensating for your claims.

Tips for managing your pet’s dental problems like a pro

Although having pet dental care insurance means reimbursement for costly dental disease, saving you from piling healthcare debts.

It’s still preferable to keep the costs low by incorporating effective medical care for your pets.

The tips below will help you manage your pet’s dental problems like a pro and keep their smile healthy and shining.

1. Feed them a dental diet

There are specially formulated foods that can help reduce tartar and plaque buildup on your pet’s teeth. These diets usually have ingredients that are abrasive enough to scrub away at the build-up while also containing ingredients that fight bacteria and support overall dental health.

2. Schedule regular checkups and cleanings

Regular checkups with your vet are necessary to keep an eye on your pet’s dental health. Your vet will be able to spot any developing problems, such as tartar buildup or gum inflammation, early on so that they can be treated promptly before they become more severe.

3. Brush their teeth at home

Brushing your pet’s teeth is one of the most effective ways to keep their smile healthy and clean. You can purchase toothpaste specifically formulated for pets, or you can use a small amount of human toothpaste on your finger to gently rub their teeth and gums.

4. Give them dental treats

There are a variety of dental treats available that can help reduce tartar buildup and promote overall dental health. These treats usually have ingredients that fight bacteria and support healthy gums.

5. Use water additives

Water additives are designed to help reduce plaque and tartar buildup on your pet’s teeth. Simply add the recommended amount to their water bowl and let them drink as usual.

Proceeding with your pet’s dental claims against accidents and illnesses

Buying your pet’s oral insurance policy isn’t a smooth sail. Problems arise when you don’t skim through the insurance coverage and face hassles at the time of claim settlement. Therefore, as you sign up for the insurance, be sure to ask the firm about three essential questions:

  • if your policy covers both dental injury and illness or any one of them
  • if you will have to pay more when making a claim
  • if there are additional limits apart from the veterinary fees

That helps you assess when and if applying for a claim is beneficial and when you’re more likely to get reimbursed.

Usually, there aren’t special instructions for filing an oral health insurance claim. But some policies may ask your pet to fulfill minimum age or dental examination requirements. Therefore, it’s better to clarify these potential limitations beforehand.

Pet insurance claims are almost like human health insurance claims. You can pay for the vet bills and submit the claim form with the attached relevant documents. And then receive the reimbursed amount for covered expenses by your insurance provider.

Or, you can check if your insurance provider pays to vets directly once your claim is approved. But for that, you’ll first need to check if the vets accept this form of payment or not.

Summary

Managing your pet’s oral routine is as important as ensuring its physical health. Of course, brushing your pet’s teeth every day doesn’t mean complete protection from dental illnesses or untimely accidents. And if you fear the high vet bills for such treatments, having pet insurance with dental coverage is even more vital for you.

Hopefully, the information mentioned above managed to clarify your concerns regarding pet insurance and dental coverage. What are you waiting for now? Research the dental policies of pet insurance companies and choose the one that offers coverage for both- oral health illnesses and accidents.

Source: moneyunder30.com

Apache is functioning normally

For many travelers, our pets are part of our family. While we might not bring Fido along on a vacation, we don’t want to leave him behind for an extended stay or when we’re moving to a new place.

Checking a pet into the cargo area of a plane can cause anxiety — for both pets and their humans. So, the natural question many pet-owning travelers might have is: Can I buy my dog a seat on an airplane?

That answer depends on which airline you’re flying. Let’s take a look at airline policies on buying a seat for a pet, plus a workaround if the airline won’t let you buy your dog an airplane seat.

Size limitations for carry-on pets

Before we dig into specific airline policies, we need to address the biggest limitation of flying with pets: size requirements. Almost every airline restricts carry-on pets to a carrier that fits under the seat in front of you.

Additionally, airline policies generally require that there’s enough room for your pet to stand and turn around in their carrier. Plus, most airlines restrict which species can be carried on as pets.

Put together, these policies generally limit travelers to carrying on small dogs and cats.

There’s one notable exception, though. JSX lets you carry on medium-to-large dogs up to 79 pounds as long as you purchase an extra seat for them. Even better, JSX allows free travel for small-size cats and dogs that fit in a carrier under the seat in front of the owner.

Airlines that let you buy your dog a seat on an airplane

We could only find two airlines that will sell you an adjacent seat specifically for your pet: JSX and JetBlue Airways.

JSX

JSX passengers can bring up to a 79-pound dog on board with them after purchasing an additional seat.

Even better, the dog isn’t restricted to a carrier if you purchase an additional seat for them. You simply have to keep them leashed.

However, even though you bought the seat for your pet, your pet isn’t actually allowed to sit on the seat. Instead, they must sit in the floor space in front of the seat you purchased for them.

JetBlue

JetBlue also specifically allows travelers to purchase an extra seat for their pets, though the pet must still be small enough to fit in a carrier.

While your pet’s carrier must be stowed under a seat for taxi, takeoff and landing, JetBlue lets you place their carrier on your extra seat during the flight.

Alternative: Buy an extra seat

Although some airlines won’t let you technically buy an extra seat for a pet, you might be able to purchase an extra seat for yourself. These policies are typically intended for passengers looking for some extra space, comfort or privacy.

Here’s a brief list of airlines that let you purchase an extra seat and the terms the airline uses for this seat purchase:

  • Alaska Airlines: Comfort Seat.

  • American Airlines: Extra Seat.

  • Delta Air Lines: Extra Seat.

Even if you buy an extra seat for your pet, most airlines require that your pet stays in its carrier the entire flight. That means your dog won’t be able to sit directly on the airplane seat, even if you purchased that seat for them.

Still, buying an extra seat can let you stretch out a bit. You can place your pet’s carrier under the extra seat, or you can simply use the extra seat as a buffer from other passengers.

Earning miles for pet travel

At NerdWallet, we love earning and redeeming points and miles. So, we naturally need to address the question: Can your pet earn miles from travel?

We aren’t aware of any airline that rewards miles directly to your pet. However, some airlines reward humans for bringing their best friend along. For instance, JetBlue TrueBlue members get rewarded with 300 bonus points for a pet booking.

Overseas airlines are a bit more generous with rewarding pet travel. For example, Japan Airlines offers travelers 500 bonus miles per flight for their pets.

Meanwhile, the Korean Air Skypets program rewards travelers with stamps for purchasing pet travel. Those stamps can be redeemed for discounts on pet travel, up to a completely free flight for your pet.

You might also earn extra miles if you opt to purchase an additional seat for extra space. For example, Alaska Airlines passengers purchasing a Comfort Seat will earn miles for their own seat and the additional seat.

Likewise, Delta SkyMiles members can earn miles from an extra seat, but you’ll need to submit a request for mileage credit after travel. Just note that you won’t earn elite-qualifying miles from the extra seat.

Other considerations when flying with a dog

  • Confirm with the airline that your pet can be carried on your flight. Several types of airline seats don’t have adequate storage space for pets, particularly in premium cabins. Plus, many airlines limit how many pets can be carried onto the same flight. So, contact your airline to make a pet reservation and confirm your seat has appropriate storage for a carry-on pet.

  • Do your research before sedating your pet for travel. The American Veterinary Medical Association recommends against sedating your pet for travel in most cases. And several airlines won’t allow you to carry on a pet that’s been sedated or tranquilized.

  • Don’t show up at the last minute. Flying with a pet can make air travel even more difficult. You’ll potentially need to fill out or show paperwork at check-in, take extra time at security, plus don’t forget to work in one last bathroom break for your pet before boarding. Make sure that you arrive at the airport early enough that you have time for all of these steps.

  • Avoid grooming your pet during travel. Keep in mind that some of your fellow passengers may have pet allergies, and they likely wouldn’t have gotten notice that a pet is on their flight. Be considerate and avoid grooming your pet during travels to reduce the amount of dander put off into the airplane cabin.

More resources for traveling with dogs on planes

Different airlines have different policies with respect to traveling with dogs. Here’s a closer look at how pet policies vary across airlines:

If you’re considering flying with a dog

Most airlines only let travelers carry on small dogs and cats, and you’ll generally have to pay for the privilege of storing them under the seat in front of you.

If you want more space, some airlines let you buy an extra seat that you might be able to use to place your pet’s carrier on during the flight. However, your pet generally needs to stay in its carrier the whole trip.

JSX is the only airline we could find that lets travelers carry on a larger dog (up to 79 pounds) and travel outside a carrier. All you need to do is purchase an extra seat for your pet and keep them leashed at all times.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:

Source: nerdwallet.com

Apache is functioning normally

Last Updated: May 26, 2023 BY Michelle Schroeder-Gardner – 60 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

Hey everyone! I hope you all had a great weekend.

We didn’t do a whole lot, but it was a nice relaxing weekend.

Our good friends (W has been good friends with the guy since first grade) are getting married this Friday and decided to plan a quick wedding so we have a lot to do this week to get ready for that and it’ll be a lot of fun!

I booked our engagement photography last week. She takes great photos and I’ve been stalking her wedding website and Facebook for years now so I’m glad I was able to book with her! We are of course taking our engagement photos with our dogs too and I’m really looking forward to it. W is really not looking forward to taking photos. Anyone else had this problem? I feel like I can’t convince him to do this at all haha. I’ve already paid though and it’s $400 for the engagement photos so he will for sure be coming.

Lately I’ve been talking a lot about how we want a new house. We figured that until we actually find the house and are 100% about to buy, then we really need to be doing little things around our house until then to prepare and not be overwhelmed at one time. Also, why not make our house perfect for while we’re leaving here? So we have a long list of things that we need to do. This past weekend I cleaned out my closet and had 2 large trash bags full of garbage to throw away. And this was pure trash: receipts, plastic bags, tags, paper, etc.

This upcoming weekend I plan on de-cluttering everything and getting rid of clothes in my closet. Hopefully I can actually get rid of some clothes and possibly make some extra money too!

So, quick question for all of you: What thing around your house did you improve before you tried selling it? I’m looking for all tips as we want to sell our house for as much as we can and also as quickly as we can. I have a long post dedicated to this in the future but am wondering if there’s anything that I’m leaving out!

I paid off one of my student loans, and it was my only private student loan! Back in 2007 I took out the loan and it totaled $6,000. I paid off the rest the other day and it looks like I accidentally overpaid by $0.01! It’s a nice feeling and I never honestly thought that eliminating student loans would be this exhilarating haha.

Spending

I don’t think we bought anything in the past week, at least nothing that I can think of. We have been doing really good with this and I’m proud. I guess you could of course count for engagement photography that I paid for, but I did budget for that awhile ago.

Also, we have some major expenses coming up. We are paying for W’s parents to go on a vacation. It’s going to be a present to them for being such great people and we’re really hoping that they enjoy it. We’ve saved up for quite some time and are covering the airfare and all-inclusive hotel. I don’t think they’ve ever been to the Caribbean so I’m super excited for them!

Extra Income (does not include salary from our jobs)

I received $823 in payments in the past week. Still waiting on some more payments so I hope they come through soon.

Affiliate income is still my number 1 goal right now. I’m really working on that and hopefully it’ll be around 50% or more of my total extra income each month. Eventually though, my new side hustle will completely take over and hopefully become a larger part of my income. This side hustle will eventually take up a ton of time.

I wish I could tell you guys more! A couple of you asked me if it’s related to blogging, and it’s not at all. It is not related to writing, blogging, advertising, etc. Something completely new! If anyone wants to guess, I’ll take all guesses and confess if someone actually does come up with the right answer. And, if you already know what the new plan is, please don’t tell! I already told a couple of you. 🙂

Food

We haven’t had a meal plan in forever, but we have been doing great with eating at home. We made dinner 5 days last week. The two days that we did eat out were super cheap. Thankfully our 2 favorite restaurants are right next door to each other and just right down the street. They are both super cheap and we spent a total of $35 on going out to restaurants to eat. That’s pretty cheap to me, less than $20 for each night!

We want to continue to eat in as much as we can. We have really enjoyed it. We have more time to relax and hang out since we aren’t in a busy restaurant.

Wedding

As I said above, we booked our engagement photography to be done. We’re not taking them until May because we want everything to be blooming and colorful. Our photos will be a start park with lots of great hiking and pretty cliffs. Sounds like a disaster once you mix heels, dresses and 2 dogs but oh well 🙂

Being healthy

Having the treadmill in our basement has been great so far. I’ve run on it three times in the past week and it’s been great. I’m going to try and at least fit in a couple of miles here and there whenever I have 10 or 20 minutes to spare also.

How’s your spending, working out and extra income going?

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Source: makingsenseofcents.com

Apache is functioning normally

The American Pet Products Association reports that a majority of households in the US have at least one pet, but many of them do not have a pet insurance policy that could take care of their medical and grooming needs. As a renter, you may not need to invest in a separate pet insurance policy, though.

Out of all the pet owners in the US, 59.4% own a dog, 34.6% own cats, and the remaining own a range of exotic pets. Thankfully, pet insurance for renters may not only cater to cats and dogs but birds and a range of other exotic animals as well. If you have a pet, you should always consider going through the renter’s insurance policy before choosing a property to understand what your insurance covers and what you may have to pay on your own.

The idea is that the renter’s insurance should ideally cover almost every type of injury and property damage for your pet. In essence, this isn’t just insurance for your pet, but also for the property. In this article, we will take a closer look at what pet insurance is for renters and the potential benefits that you (and perhaps the landlord) can reap from it.

What’s Ahead:

What is Pet Insurance for Renters?

Essentially, renters’ insurance for pets will cover any damage to the property or those around that your pet may cause. This means that if your pet decides to rip up the drywall for some reason or accidentally hurts someone visiting the property, the pet insurance will cover it. But how does it benefit you?

Renters Insurance for pets also covers any health expenses for your pet to make sure that it is in good health and not a threat to the property or those around it. This may include vet checkups or emergency surgery for almost any type of pet. Of course, the more exotic your pet is, the higher your premiums will be.

This means that renters’ insurance not only covers you against any damage to your property but also covers any health implications and injuries that your pet and your stuff may suffer.

Understanding The Difference Between Renters Insurance & Pet Insurance

It is common to mistake pet insurance for renters’ insurance if you are not careful enough. Pet health insurance policy and renters’ insurance policy are two very different policies and therefore offer different types of liability coverage. These policies are both designed to cover different forms of damage. Let’s take a closer look at the two.

What is Pet Insurance?

The concept of pet health insurance policies is quite straightforward; it includes covering a wide range of pet health liabilities, including many elective and emergency procedures. The goal is to reduce the burden of expensive treatments when they become dire, and in turn, you pay a small premium every month.

Coverage options vary with respect to the policy you opt for. For example, many plans may not cover pre-, while others may not cover alternative care (acupuncture, chiropractic procedures, neutering or spaying, and more). There are also some all-inclusive plans that cover almost every type of service and therefore have higher premiums.

Pet insurance plans are much like human healthcare plans and have tiered coverage. Pet owners decide whether they want to invest in pet insurance or not and what the insurance covers.

What is Renters Insurance?

Renters insurance is, in essence, pet liability coverage. It includes pet liability coverage against personal property and damage to others’ property or health because of your pet. Insurance companies deal with your landlord directly and the cost of premiums is usually added up to the rent or maintenance charges pet owners have to pay.

The policy helps deal with the potential liability exposure that your pet introduces as a renter. For example, according to the American Veterinary Medical Association (AVMA), there are over 4.5 million dog bites every year. You may end up having to pay damages as well as for their medical treatment against the dog bites.

As a renter, if there is a dog bit instance, the chances are that, depending on your renter’s insurance policy, the medical payments and damage will be paid directly by the insurance provider. You will only need to continue making insurance premium payments.

What Sort of Pet Liability Coverage Does Renters Insurance Offer?

In most instances, renters’ insurance policies offer protection against property- and injury-related pet liability. If you have a pet, renters’ insurance is a straightforward way to cover your legal risk in case your pet ever causes injuries or property damage to other people.

Apart from dog bites, you may be protected against cat scratches, macaw injuries, snake bites, insect infestations, and a range of exotic pets’ damage as a tenant. Individual renters’ insurance policy can also be acquired directly by the tenant, hence improving the tenant-landlord relationship.

Renter’s Liability Insurance Coverage

You can expect your renters’ insurance policy to offer a wide range of pet liability insurance, depending on the insurance companies you choose to go with. Normally, these include:

Personal Property Insurance

This clause usually covers any home content and personal belonging liability coverage.

General Liability Insurance

Also known as general pet liability insurance clause, this liability coverage includes any damages you or your family members have to pay as a result of your pet’s activities.

Additional Liability Insurance

This pet liability coverage includes any expenses needed to create a livable environment in your home/apartment as a renter. Insurance covers these ‘additional living expenses’, including those associated with your temporary living space or motel. Of course, the deductible varies based on your premiums and between different insurance companies.

Coverage Limits of Your Renters Insurance Pet Liability

Your liability coverage limit will depend entirely on the insurance company you choose. It is important to note that renters’ insurance liability coverage is usually limited by different insurance coverage policies and insurance company rules (which vary from insurance company to company).

Usually, renters’ insurance policies allow you to choose your own limit. Pet liability insurance can range from anywhere between $50,000 to over $100,000. These costs include legal costs and/or damages. Once you have reached your limit, you will need to deal with the remaining liability yourself – perhaps out of your personal property.

Impact of Insurance Premiums

As mentioned above, the premiums, as well as the renter’s insurance coverage, will vary from pet owner to pet owner as well. Take dog breed, for example. Pit bulls and rottweilers are among the most dangerous breeds and may require more coverage. For this, you may have to pay higher renters’ insurance premiums as well.

Renters’ insurance companies usually consider the type of pet you have very carefully. When you purchase renters insurance, you should also consider the chances of a dog bite claim or risk of damage (and aggressiveness) your pet poses. Remember, a $100,000 renters’ insurance amount may seem too much, but it really isn’t for any major damage.

This is particularly true if a pet damages someone else’s property and still remains a threat to others. Normally, the average cost for damages and repair in a bite or minor injury is $35,258.14. However, if the incident is severe, your renters’ policy may not be enough to cover the damage.

Will My Renter’s Insurance Liability Policy Always Help Me?

Note that your liability policy may not always protect you. Your renters’ policy may only offer coverage in cases that relate to unforeseen damage only, i.e., damage that could not have been avoided, even with due care.

For example, assume there is a pre-existing condition that causes something as small as your pet tortoise to become overly aggressive. If you knew about it and yet did nothing to protect others or the property in general, renters’ insurance doesn’t cover the damage.

Exotic Pet Coverage

Furthermore, if your exotic pet has already damaged something and you did not try to reduce the extent of further damage (and your pet injures someone), there is a very good chance not only will there be no financial protection, but your typical premiums will also rise.

Similarly, not all pets are covered by base renters’ insurance plans. In some cases, you may need additional coverage for your rental property. Insurance companies may choose to pay part of the damage, legal fees, or legal expenses incurred without additional coverage or may make no payment at all (based on the policy’s limits).

How Much Does Renter’s Insurance Cost?

According to the Insurance Information Institute (III), renter’s insurance premiums have fallen by 0.6% recently. The cost of a pet insurance plan may vary between different companies and even an insurance agent. Depending on the pet covered, the average cost in the US is between $13 to $17 per month.

Different Plan Coverage

These basic plans may offer $30,000 to $100,000 against the renter’s insurance. Of course, as the amount and circumstances of insurance coverage you need increase, so will the typical insurance premiums. Take an umbrella policy, for instance. An umbrella policy may offer large deductibles against property damage liability, but will also cost between $35 to $100 per month.

While renters’ insurance is not required by law, it can immensely help when you are trying to protect yourself and your pet against liability or those around you.

Learn more about renter’s pet insurance by reading more!

Source: moneyunder30.com

Apache is functioning normally

While a majority (67%) of Americans own a pet, not even half of them own pet insurance. When considering what percentage of pet owners have pet insurance, it is important to note that we aren’t just talking about dogs, but cats, mice, hamsters, chickens, and a wide range of other animals as well.

According to a 2021 industry report by the North American Pet Health Insurance Association (NAPHIA), there were over 3.45 million pets in the US that have pet insurance. This might seem significant, but if you consider that there are somewhere over 144.6 million people with pets, it means that only about 0.26% actually own pet insurance.

What’s Ahead:

Why are there so few pet insurance owners?

This is not because of a lack of pet insurance companies, though. There are countless pet insurance policies that offer accident and illness coverage for dogs, cats, horses, birds, and more. However, what makes most people stop is that people often think that they don’t need pet insurance. While it isn’t an essential service to you, it may actually save your pet’s life when the time comes!

In this article, we will look at how many people in the US have invested in a pet insurance policy for veterinary care and why the issue is so prevalent.

Why go for pet health insurance?

Before understanding the statistics, it is important that we look at why simple pet industry expenditures can end up saving your pet’s life. Whether you are a dog owner or cat owner, these pet industry expenditures may seem wasteful, but if the terrifying situation of money shortage for health coverage arises, it may mark the difference between receiving medical care and the loss of an animal’s life.

Avoiding tough decisions

You may have to make the tough decision of having to put your dearly beloved down when it starts to suffer. To stop your loved one’s suffering, instead of spending thousands of dollars, you may then have to go for economic euthanasia. This is the worst-case scenario that pet owners may have to face without pet health insurance plans.

Keeping your pet safe

This isn’t the only reason why you should go for insurance coverage, though. According to the Insurance Information Institute (III) and American Veterinary Medical Association (AMVA), the primary reason people invest in an insurance policy is to avoid uncertainty about their pet’s medical expenses. You get to keep your pet expenditures in check with insured cats, dogs, and other pets.

Pet ownership & insurance

The concept of a pet health insurance policy is like buying health insurance for yourself. It has several restrictions to keep in mind. In fact, if you choose an insurance provider poorly, there is a very good chance that the average annual premium may be higher for your pet than for yourself or even your homeowner’s insurance (yet another reason I always recommend Lemonade).

Looking at the costs

On average, veterinary care may vary between $140 to well over $2,000 during the first year alone! In severe cases, most pet owners may have to pay over $20,000 during a dog’s lifetime, while horse care can go as high as $500,000, on average. Here is a representation of the estimated medical costs that you may have to bear throughout your pet’s life.

Average Pet Care Costs

Service Estimated Costs
Grooming $50-$700 per year
Flea/tick control $40-$250 per year
Spaying $100-$250
Neutering $50-$100
Dental services $50-$300
Vaccinations $10-$1,000
Allergy tests $200-$450
Heartworm tests $50-$100
Infections $40-$250
Digestive problems $200-$1,200
Skin masses/shedding $100-$2,000

These costs are steadily rising as the number of pet owners increases and inflation in general, pet care costs are rising significantly over the years. In fact, 47% of pet owners report being in some sort of debt because of their pets. In times like these, pet owner’s insurance can play a major role in helping you manage your finances better.

Pets as family & rising percentage of pet insurance

The cost of vet visits is steadily on the rise. Along with the pet ownership increase during COVID-19, this has fueled growth in the pet insurance market. Many people now think of their pets as family members. This is because of the rise in the number of pet adoptions following the coronavirus lockdowns. Furthermore, because of this adoption, 85% of dog-owners and 76% of cat-owners consider their animals to be members of their families.

Increase in insurance plans

As a result, a record-breaking 3.45 million pet owners signed insurance policies for their pets in Q1 of 2021. This is the fifth consecutive year that the insurance rates have grown, but so has the pet insurance industry as a whole. Every year, the average costs against accident and illness coverage rise by ~24%.

Looking at the numbers

NAPHIA reports that almost 99.9% of insurance policies for pets are in North America, with an estimated 3.101 million pets being insured by 2020 and 3.453 million by 2021. Out of these:

  • 5 million include dog insurance policies
  • 53 million include cat insurance
  • The remaining is for birds, horses, exotic animals, and even insects (yes, there are insurance policies for insects as well).

Dog vs. Cat insurance policy

This shows that dog insurance is much more common compared to any other animal insurance. From 2019 to 2022, the average number of people and cost of insurance has increased by 22.5% for dogs and 17.1% for insured cats. Combined, this reflects a 19.8% increase in the number of pet insurance holders.

The monthly insurance premiums for pet insurance vary with respect to the pet type as well. For example, the average premium for a German Shepherd stands at $34.42 per month in the US (lowest premium), while for rarer breeds, the premium may go higher than $100. This is why the adoption of insurance premiums is still not as common.

Pet insurance policy by plan type

According to a report by GM Insights, more than 80% of dog owners go for accident and illness insurance plans, while the remaining go for accident-only plans. The former is a comprehensive coverage plan that  covers almost all of the out-of-pocket expenses that you may have to make for pet care. These may include:

  • Diagnostic tests
  • Major and minor surgeries
  • Emergency care
  • Digestive issues
  • Urinary tract infections
  • Broken bones
  • Fight or bit wounds
  • Burns
  • Fever care
  • Major health issues
  • Euthanasia, and more.

In most cases, insurance plans do not cover grooming or hygiene-related issues.

Accident-only coverage

Accident-only coverage, on the other hand, only includes pet injuries. Of course, these plans are relatively more cost-effective than extensive plans. However, they are more common as well. In 2021, for example, accident-only plans accounted for 92% of all policies purchased (a decrease from 97% in 2020).

Global pet insurance market overview

In 2020, the pet insurance industry was valued at $4.5 billion. The market has grown considerably at a compounded annual growth rate (CAGR) of 14.3%. According to this forecast, the market is expected to reach $16.8 billion by the start of 2030 due to the rapid adoption of newer pet insurance plans for all sorts of animals.

Primary focus

While the primary focus of the industry still remains dogs, by volume, if we look at newer pet insurance policies being bought, you will find that the number of cat policies being issued is picking up pace. For cats, accident-only pet insurance is not as beneficial as accident and illness coverage.

This is because cats get into fewer accidents than dogs but tend to have an equal number, if not more, of health issues. By 2023, the percentage of pet owners having pet insurance is expected to be at least three times the number today.

Source: moneyunder30.com