It completely depends on the plan premiums vs. the benefits provided, coupled with whether you have to use it.
The point of any insurance is to insure against a financial loss that otherwise could cripple you financially (e.g. death of a loved one, serious medical issues that can result in huge medical bills, etc.). These days, they can do pretty much anything on animals that they can do on humans, and while it is generally less expensive with pets, it can still be expensive. So there is that aspect of it.
The other aspect of pet insurance that may not exist with other insurances is that if there is a major issue with your pet, perhaps the pet insurance will help lower the cost enough so you don't find yourself in the unenviable position of potentially having to put your dog to sleep because you cannot afford a needed treatment, or something along those lines.
Ultimately, pet insurance is like any other insurance where you hope that you never have to use it even though you are paying premiums on it, but you are generally pretty glad you had it should the need arise to make a claim. Just like people, dogs can appear healthy, but there can always be unknown health issues or accidents, so having pet insurance can be a benefit in some cases, but it might not always pay off.
So, my best suggestion would be to assess the available policies out there and decide whether it is worth the premiums to insure against a potential issue that could arise with your pet.
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