In case your pet suffers a sudden disease or is involved in an accident, you can expect the vet bills to add up pretty quickly. Surgical costs alone can cost you thousands of dollars. But pet insurance can help you in paying for any unexpected veterinary treatment. A number of pet insurance policies provide coverage for routine care like general checkups as well as daily preventative care like de-worming, vaccinations and teeth cleaning.
The majority of insurance products are available only for cats and dogs. But, some policies are now designed for horses.
Picking the Right Policy
There is a high chance for your pet to visit a vet clinic for routine checkup more than once. Vet bills can be quite expensive as you add up surgeries, consultations, medications, X-rays and other necessities. As you decide if you buy pet insurance, consider the kind of pet you have, its breed and your location. Also, know if your pet or its breed is prone to certain illnesses.
Consider your own situations. Are you financially capable to deal with the unexpected expenses in case your pet is injured or sick? The fact is that a lot of pet owners would struggle to pay a big vet bill and may have to decide to just put their pet down since they cannot afford a costly treatment. Should your pet be involved in an accident or have an illness, pet insurance allows you to consider all treatment options without cost restrictions.
Pet Insurance Coverage
Although pet insurance can be a new product in the insurance world, people have a broad choice of insurance policies and providers who all have varying features, conditions and terms. Such range from basic insurance policies which cover pet for a accidental injury only to more comprehensive cover including illnesses like tick paralysis and cancer as well as routine care for heartworm medication or vaccination. There are some policies that include third-party coverage for injury or damage the pet is likely to cause to other property or people. In fact, coverage can also include those for pets that go into a boarding kennel in case you need hospital treatment. Read reviews online and compare pets best pet insurance reviews to find the best policy for you.
Things to Consider as you Compare Policies
- Maximum yearly benefit
- Claims limit. Claims may have a yearly limit or per condition limit. Know if the policy comes with limitations on items like medications.
- Vet bill percentage to be covered.
- Possibility of a waiting period. Some conditions are unlikely to be covered right away.
- The illnesses and accidents covered
- Possibility of your pet to get lifetime coverage.