Waiting times for pet insurance: 3 important facts to understand. Pet insurance is a helpful way to protect your money from unexpected expenses when taking care of your dog or cat at the vet. Right now, the cost of things like food and medical care is going up due to inflation, and this includes vet visits for your pet, whether they are for regular check-ups or emergencies. Waiting times for pet insurance: 3 important facts Getting pet insurance is reasonably priced for most pet owners. With this type of insurance, you can get reimbursed for the money you spend on routine vet visits, such as vaccinations and check-ups. Additionally, many policies will cover certain veterinary expenses related to accidents, injuries, or ongoing health conditions your pet might have.