For pet parents about the only thing worse than having a sick pet is worrying about the vet bill for treating a sick pet. Fur babies get sick; that’s just a fact of life. But, how does one protect a furry friend and wallet at the same time?
What exactly is Pet Insurance?
Hopefully, this article will be helpful. Pet insurance plans have been around a lot longer than most people think. The first policies were written in Britain back in the late 1800s and initially covered livestock. In the U.S., it has taken a bit longer for the concept to catch on as currently, only 0.7% of American pets are covered by a policy. That number is expected to rise as Pet insurance popularity increases post-pandemic.
In the U.S., there are a few options regarding the type of policy available. Some policies pay for routine vet care or emergency pet care. Some policies pay the veterinarian directly, and others require that the vet be paid upfront and then reimbursement is sent to the pet parent. Some policies cover pets when they are lost, stolen, or even die. These benefits can come in handy, according to realtimecampaign.com.
How Much Is All of This Going to Cost?
The cost of pet insurance varies according to the age and size of the pet, among other things. The general health of the pet can make a big difference as well. Some companies have a pre-existing condition exclusion that limits the amount paid on a claim for a known illness with the pet. This exclusion can provide an excellent incentive to have the pet covered by insurance when they are very young before any diseases are known.
Since there is such variation in the different policies, it’s essential to understand exactly how the policy works before signing up. Some things to consider are whether there is a pre-existing condition and if there is, how long is that limitation? Another consideration is whether there is a deductible and if there is, how much will it be? Will the pet insurance company pay the doctor directly, or will one be expected to pay the entire bill and wait for reimbursement?
Some companies also have limits on the amount they will pay for specific illnesses. In some cases, the limit may be annual, but sometimes a company will place a lifetime limit on certain conditions. For these reasons, a thorough Pet Insurance Review is always a great idea.
What If I Still Have Questions?
It’s always a good idea to check the insurance company out online before making a purchase. It pays to know if the company has a good track record of taking care of its policyholders and promptly paying legitimate claims. After reviewing all of the information one can find online, there may still be some questions. If that’s the case, this is the perfect opportunity to see how the company handles customer service by contacting them directly. When one’s fur baby needs care, finding a way to pay for it should be the last thing on one’s mind.