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Insurance policies can be confusing, even those designed for your four-legged friend. After all, not all pet policies are created equal, and with various caveats to each, it’s easy to sign up for a plan that doesn’t meet your expectations.

But despite the complexity of pet insurance, it may be vital to your budget. In 2013, pet owners spent approximately $ 14.3 billion in veterinary care for their furry friends, according to the American Pet Products Association, and the number is expected to rise to $ 15.2 billion this year. Thus, with the rising cost of vet bills, the right insurance policy can turn a $ 1,000 vet visit into something more manageable.

So, in honor of the Red Cross’s Pet First Aid Awareness Month, we spoke t……….. continues on Fox Business.

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