How to Choose Pet Insurance?

It might sound silly to have your dog insured, but to some people, this is actually important. We treat our pets like a member of the family, we love them, care for them and invest on them, so why not get them insurance. Pets, especially dogs, have a tendency to run off and have wild adventures. This might be all fun to them, but they could also get into trouble and might even get seriously hurt. They could also have problems with their health along the way like genetics issues such as DM in dogs. Bottom line, pet insurance is a good investment if you really want it for your pet.

When choosing a good pet insurance, there are a few things that you need to consider. Below are a few things to go over before signing that contract.

Cost

How much are you willing to pay for your dog to get insured? Some people would gladly spend thousands on their pets, but there are available insurance plans that give a good coverage for less. You just need to know how much you want to spend for a pet insurance plan. If you think about it, having an insurance plan, especially one that can help cover medication, can help you save money. For example, if the plan covers medication for DM in dogs and you have an aging German Shepherd with a family history of DM, then the insurance can help pay for the medication and even treatment.

Payout

This is basically what the insurance company is willing to give back as reimbursement per injury or illness. There are basically four kinds of payouts.

 

Per incident - Covers reimbursement per injury or illness. Once the maximum reimbursement has been reached, you can't get any payouts for that specific accident or illness.

Yearly payouts - This means that you'll only be getting a specific amount per year.

Lifetime Payout - This depends on your pet's lifetime.

Per Body System - you can specifically choose what system can get covered. For example, your pet has DM in dogs, so it's best to have their nervous system. The insurance covers any illness that affects the nervous system.

Coverage

You have to be careful when it comes to checking the coverage of your pet's insurance. Try to research on certain illnesses that your pet is prone to. Then check the insurance and check if it covers possible illnesses your dog might get Some insurance coverage is not as they seem, so read between the lines.