What is Pet Insurance?
If you decide to become a pet owner, the main part of the job is looking after your pet’s health and making sure they are kept well fed and happy. Keeping your pet healthy means regular trips to a veterinarian for all of their vaccinations and also if they have an illness, accident or medication condition. The problem for many pet owners is that trips to a veterinarian can be very expensive and sometimes those bills come in at a bad time.
Luckily there is pet insurance available which provides assistance in paying for those surprise expenses associated with owning a pet. The following article will examine pet insurance, explaining what it is, why you should have it and the various types of pet insurance.
There are many ways to find out about the types of pet insurance and the costs associated with it via the Internet now. Most large insurance companies offer calculators where you can estimate how much coverage will cost and they have a list of exactly what is covered by the insurance and what is not covered. For some insurers, the age of the pet, and it’s breed also come into play, as some breeds are more susceptible to certain illnesses. Usually you can also select between budget coverage and a more premium type of coverage which is more extensive.
It is essential to find pet insurance that not only offers good value for money, but provides the full range of services you think your pet will require and is provided by a reputable insurance company. There are some poor quality providers offering pet insurance so it often helps to use a provider that has been recommended to you, or has a good reputation for providing good service.
The kinds of things that are covered by pet insurance include the cost of surgery, hospitalisation, prescriptions and laboratory tests. You have to be careful to read the fine print of the insurance however, to make sure that it covers pre-existing conditions if your pet already has a few health problems.
When shopping for pet insurance you should also look at the list of exclusions on the insurance policy. Exclusions are things which are not covered by insurance and depending on your pet and your pets lifestyle, you may not need the exclusions and can save money. For example if your pet lives indoors most of the time you might not need coverage for snake bites. Additionally some hereditary conditions are on the exclusion list and depending on your breed of pet you may not need them.
Your location plays a role in the cost of the insurance, as pets living in the country or the city seem to be affected by different kinds of ailments. So when you get your insurance, not only will your pet’s age and breed be considered, but also their location. Some insurers will not insure older dogs at all, but if you pay a higher premium you can find an insurer who will do it. With older animals, when applying for pet insurance, sometimes it may be necessary to provide the medial records of the animal so the insurer knows about any pre-existing conditions. Additionally a medical exam may be required for your older pet. With younger animals usually a medical examination is not required.It is advisable to get your pet insured as early as possible, as most insurers will continue coverage of a young pet all through their life. An older pet is often difficult to find insurance for.
The most important factor when selecting your insurance provider is to read the policy detail and understand what is covered and the exclusions. Additionally hidden costs are sometimes added for certain kinds of procedures ad pet problems, so be aware of those. It will all be laid out in the fine print of the insurance document and if you have any questions the insurance providers usually provide clear and easy to understand answers when contacted.
Sometimes only certain veterinary clinics are available under certain types of insurance. You should enquire if there are any restrictions on the clinics and ensure that the clinics are of high quality. Ideally the coverage will extend to treatment at your regular veterinarian.
Pet insurance can save you many thousands of dollars in bills and ensure that if your pet has a health problem you can get the best care immediately and not worry about where to find the money. Pet’s do face a lot of dangers even around the home and in the world, so you never know when they might be injured. A comprehensive pet insurance policy will handle these unexpected accidents and more!