FAQ On Insurance For Your Pets

It is not just humans that need insurance. Most people own pets, and as any pet owner knows, veterinary bills can be quite expensive. Did you know there are plenty of pet insurance plans? They act like humans health care plans, but for your pets. If you want to guard against potentially high vet bills should the unforeseen happen to your beloved pet(s), then pet insurance is what you need. Most vets require payment in full up front, should a serious accident, health condition or emergency happen to your pet, health insurance for your pet can mean the difference of your pet receiving the best medical care or not.

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Most pet insurances pay for up to 90% of veterinary bills, including preventive care, shots, deworming, illnesses, hereditary conditions, medications, congenital conditions, surgeries, alternative therapies and behavioral treatments, depending on the policy selected. Pet insurance much like human health insurance carries a deductible, which can range from $100.00 to $1000.00. While pet insurance is similar to humans health insurance, it is legally property insurance, and claims are paid after your pet has been treated and after you submit the claim to your pets insurance carrier. You pay your veterinary care provider in full, then you submit the claim to your pets insurance provider, and they will pay you, minus your deductible, some providers also pay off a benefit schedule. Some insurance plans allow you to file the claim the day of treatment and they will pay the veterinary care provider on your behalf.

Some polices will also cover you should the pet die, or if the pet is lost or stolen. Comprehensive coverage policies include preventative care, elective procedures and routine care coverage. Some polices will also cover medications, dental and alternative care treatments. Every provider is vastly different with what they provide, how they handle claims and their level of customer service. Much like human insurance policies, many pet insurance companies allow you to choose your own deductible, with a higher deductible lowering your pets monthly premium.

Pet insurance has two major forms, non-lifetime and lifetime. With non-lifetime insurance, a condition which has been treated and the insurance has paid the claim cannot be claimed any year there after, for example if your pet gets diagnosed with an ongoing medical condition, the insurance will pay for the first year of treatment and related expenses, but the following year and there after the pets owner must pay for care 100% out of pocket. Lifetime policies will continue to pay for a pets medical conditions year to year, even if it is a long term ongoing expense, however these plans almost always have limits in place as to how much the insurance provider will cover, and these limits will vary by provider. Most providers also limit coverage for any pre-existing conditions. The pre-existing conditions exclusion makes it beneficial to insure your pet early on when the pet is healthy and incurs less veterinary care, to avoid exclusions later in the pets life.

You need to read the fine print of any insurance policy you are considering for your pet to avoid unpleasant surprises in your time of need. Some providers for example exclude conditions such as heart defects, or certain congenital conditions and defects. Some policies have their deductible as an annual deductible, and some have it on a per visit / per treatment basis. Some include limits or caps per incident, year, or by age of the pet. Some policies consider anything a pet is treated for one year a pre-existing condition the next year and thus excluded. User reviews of any pet insurance policy will be extremely handy for you when choosing a policy, as you will hear directly from other pet owners and hear about any issues, concerns or negative experiences they had while dealing with that insurance provider.

Many people think pet insurance is to expensive. yet the costs of veterinary care is rising rapidly every year, especially as more treatments become available for animals, new drugs and health care methods also effect the price of health care for pets. Some plans are as low as $11.00 for emergency care for example, so pet insurance is indeed affordable for any pet owner. The money that can be saved should your beloved pet experience an accident or catastrophic illness can make up for the cost 30 fold, even the savings from routine care can add up. Some people think their pet is to old to get covered, but there are plans that will cover your pet regardless of age.

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