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Pet Insurance

Our pets are parts of our families. When comparing pet insurance it is important to treat it similar to your own health insurance. We want to keep our pets happy, healthy, and safe. Sometimes it is impossible to protect them from accidents or illnesses and with the rising cost of veterinary care, bills can add up quickly. Many Pet parents are not in a position to cover the unexpected costs and that is where pet insurance steps in.

Pet insurance is designed to provide coverage for the unexpected mishaps, catastrophes, and illnesses that you just can’t plan for – Like when Fido accidentally ate something he shouldn’t have. The bottom line is that if you have pet insurance and your pet has a covered illness or injury you will not need to choose between your pet and your finances.

What is covered?

The basics may differ from company to company and even regionally.

When looking at pet insurance consider the following items and questions

  1. Customer Service:
    1. Once you purchase the policy how does the insurer treat its customers?
    2. What is the insurer’s claim payment experience?
  2. Reimbursement Method:
    1. You may have to submit the claim to the insurance to be repaid for vet-bills you have paid out of pocket.
    2. Not many insurance companies pay the provider directly.
    3. Reimbursement amounts may vary
  1. Coverage :
    1. Pay attention to the exclusions
      1. This is where you may have the largest gaps.
      2. Breed exclusions are one of the most overlooked exclusions.
      3. Verify that your insurer includes genetic and hereditary conditions.
    2. Pay attention to your out of pocket costs
  2. Deductibles:  This is the amount you’re responsible for before your benefits activate.
    1. Annual deductibles
    2. Per Incident Deductibles
  3. Payout Caps:
    1. These caps will limit the amount paid per incident, per year, or during the lifetime of your pet.
    2. Payout caps for pets with a chronic illness will result in less coverage and added cost.