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BYE-BYE EXPENSIVE PET INSURANCE? 🐾💸

I'm starting my DIY pet health fund strategy to cleverly manage vet costs myself, I thought it would be much more fun to be my own insurer.

After reviewing and calculating the costs, I came to the conclusion that I would pay €30-40/month for my cat, assuming she has a life expectancy of 13-15 years, into a defensive portfolio instead of a monthly insurance premium.

From the age of 8 - 10, I expect the risk of more frequent treatments and high vet costs to increase enormously as my cat gets older.

Of course, I am aware that high costs can also arise much earlier, but you don't always have that when you build up reserves for a possible event in the future.

📊 I would start with this breakdown:

🛡️60% defensive (money market & short bond ETFs) = capital preservation & liquidity

30%$XEON (+0,01%)
30% $CSBGE3 (-0,01%)

⚔️40% offensive (equity & gold ETFs) = growth & inflation protection

🏦 Payout rules:

Deductible: €250 - €300, anything above that I will take out of the portfolio so as not to put too much strain on the capital stock.
Liquidity buffer: at least €1,500 p.a. should be available in the defensive part of the portfolio.

🚨 The whole thing should give me more control and better returns in the long term - without the profit margin of an insurance company.

💬 Your opinion is not only wanted but also important. What do you think of such a DIY model? Risk or opportunity?

#DIYinsurance

10 Comentários

Metis@Metis

Can work - if your pet doesn't think it needs to be torpedoed early on. 🤓

I had considered something similar for our dog, but "her" reserves are currently still too small for no insurance at all. 😅

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Bruce@BruceBullridge

@Metis Let's hope that I'm right with my assumption and that it doesn't blow up in my face when I implement it 😂
Where do you have your reserves then?

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growth_specialist_613@growth_specialist_613

If it's just a matter of vet costs and your cat is basically healthy, this is a great strategy. For major surgery or serious/long-term illnesses, vet or surgery insurance would probably be more suitable.

Example: Hip surgery dog (artificial hip joint) one side: approx. 5,200 euros 😅 plus aftercare costs

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DerDanner@Therapeut

@growth_specialist_613 is then simply drowned

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growth_specialist_613@growth_specialist_613

@Therapeut oh dear, is that your black humor? 😅🙈 Drowning is old school, nowadays you let the vet do the work and have them put to sleep when it gets too expensive and inconvenient.

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DerDanner@Therapeut

@growth_specialist_613 That costs money😂

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growth_specialist_613@growth_specialist_613

@Therapeut after sending it, I also had the thought. 😂 Then the only option is to drown. 😅

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Bruce@BruceBullridge

@growth_specialist_613 I try to think positively and have therefore decided to rule out the risk of an expensive operation at an early stage.
I therefore assume that I will have the reserves filled until the cat reaches retirement age.

Are you also a happy pet owner and dealing with something like this?

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growth_specialist_613@growth_specialist_613

@BruceBullridge I have a dog. 🐕 He has surgery insurance, which we used for the hip surgery and will use again in November for the other side of his hip.

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Scepp@Scepp

I simply put the €50 per month that the insurance would have cost on my daily allowance.
However, my dog had to have two knees done at the age of one... 😅

It's tracked like an account using Excel.

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