1. What is pet insurance?
Like your own health insurance, pet insurance pays for medical care. Its really pet health insurance. Buying a pet insurance policy today will help you pay for your pets unknown medical events in the future. As with other forms of insurance, pet insurance plans are licensed and regulated by your state, so pet insurance is a safe way to protect yourself financially and be prepared for your pets future accidents, illnesses and even cancer.
2. Why should I consider pet insurance?
Pets, like children, are subject to accidental injury and thousands of other medical conditions. Treatment can be quite expensiveyou could face the choice of going into debt or putting your beloved pet to sleep. Pet health insurance is an affordable way for you to budget for your pets care and protect your finances and your pets good health.
3. What should I look for in a pet insurance plan?
Benefits and service, primarily. You want broad coverage (avoid plans that have long list of excluded medical conditions) and responsive service down the road. With so many pet health insurance options to choose from it can be confusing, so ask your veterinarian which plans pay the best and fastest.
4. What should I avoid in a pet insurance plan?
Look for a pet insurance plan that pays a percentage of your veterinarians bill for your pet, instead of one that only pays according to a predetermined payment schedule. These pet insurance plans tend to offer more value and no surprises when it comes to paying your claim.
5. Couldnt I just open a savings account for emergency pet expenses?
Unlike a savings account, which could take years to accumulate, pet health insurance can provide you with thousands of dollars of coverage immediately and can cover multiple claims. In comparison, a savings account might only provide for one major incident after years of savings.
6. How does pet insurance compare to human health insurance?
Like human health insurance, pet health insurance pays for hospitalization, treatments, surgery, exams, diagnostic testing to determine the cause of illness, prescriptions, even for cancer treatments. Unlike human health insurance, pet health insurance is generally a reimbursement policy you pay for your pets care and then get reimbursement from the pet insurer.
