Companies differ slightly when it comes to protecting pets, however pet insurance works on the same basic principles as most other forms of insurance. But, unlike insurance for people, where one has to deal with co-pays and different coverage amounts for different procedures, pet insurance is different. The veterinarian is paid vet directly, and then one submits for reimbursement through the pet insurance provider. The pet insurance company will then review the itemized receipt and pay the agreed upon percentage of the bill for items that are covered by the policy. Also, there is not a list of veterinarians to choose from; any vet one decides upon with is fine by most pet insurance providers. Did you know that less than 5% of dogs and 1% of cats are covered by pet insurance? As pets age, pet insurance becomes more and more expensive. The good news is that there are plenty of plans that cover most pets regardless of age or pre-existing conditions.
Pet Insurance is Worthwhile!
- You Never Have to Decide Between Your Wallet and Your Pet
This usually comes up in older pets, but sometimes deciding whether or not to have a surgery is one of the hardest things you will have to do as a pet owner. By having pet insurance, you can take the financial aspect out of the equation and base your costly medical decisions purely on what’s best for your pet.
- Veterinary Costs Are Rising
More and more treatments are becoming available for pets every day and costs are rising. The peace of mind that comes with knowing that any accident will be covered outweighs the month-to-month costs of pet insurance for most owners.
- You Can Pick a Plan That Fits Your Needs
Pet insurances can be tailored to fit your budget and needs. If you sign up when your pet is young, you have more options to choose from. These options range from major accidents only to vaccinations and general checkups.
- It’s Easy
One of the big benefits of having pet insurance is how easy it is to be reimbursed. Most plans ask that you send in a receipt from your vet, and within a few weeks you’ll receive a check for part or all of the costs from that visit. Knowing your plan is important, so you know what’s covered. But most pet insurance companies make it easy to receive your payment in a quick and painless manner.
Remember that all breeds are not created equal- just like humans, every dog and cat is different. Each breed is unique and comes with its own unique set of health conditions and abnormalities that might threaten it during its lifetime. Consider the health risks associated with your particular pet and you might find that the benefits outweigh the monthly costs of having insurance.
Check out these pet insurance providers, choose one you like and rest assured that your pet is in good hands!