Dog and cat insurance coverage is rising, but to many individuals, this type of dog and cat care may seem to be a luxury. After all, the chances of you cashing in on an insurance policy for your pet are slim and you may spend your monthly premiums on coverage for nothing. However, many dog and cat owners find themselves loving their pet too much when an accident or disease happens. Some owners will spend thousands of dollars to provide cat care for a disease or surgery for their dog after an accident. Dog and cat pet insurance can help minimize the financial costs of expensive veterinarians.