Pet Health Insurance. What is it?

by Sean Ryan

 

Pet health insurance is gaining popularity because of the drastic changes it has gone through in the past years. One of those changes is the cost of the policies. Right now pet policies are very affordable and very competitive plus the fact that the coverage of the policies is becoming more and more comprehensive. More pet owners are opting to insure their pets.

Because of the popularity it has been gaining in the last few years some people are asking questions that need to be answered by the industry to quell all doubts of its policyholders. If you are one of those who are planning to get a pet health insurance, ask is there:

– a discounted plan that still offers a comprehensive coverage? This may vary a lot especially on the company that you are getting it from. Some companies offer policies that allow multiple pets to have basic accident coverage while some companies offer a high rate for a premium plan. To learn more about plan types, shop around for different providers.

– a number of accredited veterinarians? Since these plans and policies are pretty much patterned after the ones humans use, the accreditation of vets is highly dependent on the plan and the company.

– a set waiting period? Just like a regular insurance policy there is a waiting period before your policy takes effect, you would have to bear in mind the start and end dates of your coverage.

– a set of exclusions in the policies? Commonly, the exclusions of pet insurance policies are prevailing health disorders, hereditary diseases and long term trauma but there are still those who do not include these conditions. It is better to choose the latter because you will never know what the pet will experience later on.

– coverage on routine wellness? There are policies that include routine checkups, vaccination and testing for heart worm which can be the case for some animals.

– neutering and spaying? Many companies offer policies that include reproductive health and population control for your pets, however, these are the most utilized service of pet owners.

– prescription coverage? This is just as important as all the other pet services that can be covered by a policy since the technology for caring for your pet is also increasing in demand. Of course, like all prescription coverage it can be very costly to the owner.

– deductible to be paid? Since pet health insurance policies are pretty much like a human’s there are deductibles that you would have to pay eventually. Just look into the details of the policy to know exactly how much the deductible is and remember that the smaller the deductible the higher the premium.

– kinds of caps in pet insurance? Usually there are certain “caps” or limits to the kind of illness or incident that your pet may get into that a company will pay for. For example a broken bone may have a slightly higher cap that a non-fatal poisoning or vice versa, it all depends on your policy. Check the details from your company to know the different caps.

– a number of reliable pet health insurance companies? The best thing to do is to research about it and to ask around from different pet owners for recommendations. There is no straightforward answer to the question because no company provides a definitive solution to your pets needs. They all vary in the coverage. The best thing to do is to research on different companies that provide pet health insurance and look into the reputation that they’ve built with their policyholders.

Sean Ryan is an advocate pet owner and lover who believes in protecting and caring for his pets the best way he knows how. For more information visit http://www.petcare-insurance.info