Did you know the idea of insurance is an ancient one? Archaeological evidence suggests that individuals in debt in ancient Babylon did not have to repay a loan if certain calamities occurred. Medieval Europe introduced the guild system in which members contributed to a large pool that covered any losses. The Great Fire of London in 1666 gave way to the first fire insurance policies.

Pet insurance is one of the latest incarnations of this ancient concept. While they may not appeal to every pet owner’s monthly budget, some policies can help off-set the cost of emergency or life-saving veterinary care. In most cases, having pet insurance is totally worth it.