Is Pet Insurance Right For Your Family?
Just like any family member, our pets can get sick or injured. Fortunately, pet insurance can help with the cost of unexpected vet bills. While the price of pet insurance can vary based on breed, age, size, location and duration of coverage, most plans reimburse 80% to 100% of eligible costs after the annual deductible is met. With so many options, it’s important to do your research before purchasing a plan. Many online educational centers provide policy and company reviews, terms and explanations, and questions to ask yourself and the companies you’re considering.
The most common type of pet insurance is accident-illness coverage, which covers both unexpected accidents and illnesses. It’s usually the most expensive but also provides the most comprehensive level of coverage. Some pet insurers include a wellness add-on to cover routine care, which can reduce the overall cost of a policy.
Another type of pet insurance is hereditary disease coverage, which pays for the costs of inherited conditions that can affect dogs or cats at an early age. This type of insurance is typically more expensive than other types but it can be worth the investment if you know your pet has a higher risk of developing hereditary diseases.
When deciding whether or not pet insurance is right for your family, it’s important to consider the size of your dog or cat and their likelihood of needing treatment for an illness or injury. The most important decision, however, is choosing a provider and policy that fits your budget. Many pet owners find that the extra peace of mind of knowing they’re covered in case of an emergency is well worth the monthly premium.
Some people are hesitant to purchase pet insurance because of the potential wait periods, exclusions and high deductibles. Other pet owners are concerned that the claims process may be difficult or complicated. However, most pet insurance providers have made the process easy and convenient for pet parents. Often, you can submit your claim online or by phone, and your veterinarian will complete the necessary forms. Depending on the insurance company, they might request a veterinary exam or medical history before your policy becomes active to ensure there are no pre-existing conditions. Once you’ve purchased a pet insurance policy, it’s important to follow the terms of your coverage and pay your premium on time to avoid cancellation. pet insurance