• What You Need to Know Before Buying Pet Health Insurance «


  • What You Need to Know Before Buying Pet Health Insurance
  • What You Need to Know Before Buying Pet Health Insurance

  • By now, you have probably heard read about pet health insurance. But what does pet insurance do exactly?
    Health insurance for pets may help you pay your veterinary bills if your pet has an accident, gets sick, or needs routine preventive care. Most plans cover dogs and cats, and some plans cover other types of animals.
    What you should consider before you buy pet health insurance:
    • Shop and compare – Ask your vet to recommend some pet insurers. Be aware that policies and premiums vary widely. Compare monthly or annual costs, and the differences in deductibles, co-pays and coverage limits. These may limit payouts by incident, annually, or your animal’s lifetime.
    • Carefully read policies – Read the clauses on deductibles, co-pays, coverage limits, and exclusions before you buy a pet insurance policy. Pre-existing problems and hereditary conditions such as dysphasia in certain dog breeds, such as German shepherds and retrievers, are normally excluded.
    • Do your math – Make sure you add up the total costs of the policy for the anticipated life expectancy of your pet. Be aware that the age of your pet affects the premium. The older your pet is, the higher the premium you will pay.
    Questions to ask insurers:
    • Can I choose my vet? – Does your insurance plan allows you to get the vet of your choice or do you have to choose from a “network” or designated care giver.
    • Is there a waiting period? – Most policies have a waiting period and it might be different for accident or illnesses
    • Do you cover routine wellness exams? – Most plans will not cover wellness or routine care though some policies give you an option if you pay extra
    • Do you cover neutering or spaying?
    • Does the plan include prescription drug coverage? – Some plans include prescription drugs others won’t
    • Do you cover claims annually or by incident? – Find out the maximum coverage. Some plans will have a maximum per incident others will have a maximum per year.
    • If the coverage is by incident, is there a time limit?
    • Is there a dollar limit for vet office fees? – Some companies will only reimburse ” allowable” veterinary expenses. In other words, they set the price.
    • If my pet has a pre-existing or hereditary condition, will this plan cover it?
    • Does this plan cover chronic or recurring conditions?
    • How long do you take to pay claims?
    • Do you give discounts for insuring multiple pets?
    • Does this plan cover advertising costs and rewards if my pet is lost or stolen?
    • Does this plan make payouts if my pet is being treated and dies?


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