Trying To Decide If You Should Get Pet Insurance?

Trying to decide if you should get insurance on your pet? Even if you haven’t had a run-in involving your late pet, pet insurance has probably crossed your mind. If so, do you have pet insurance? If not, you may well want to read on if you want to save yourself thousands of dollars.

With pet accident and illness insurance you get full coverage insurance; namely, your insurance company will agree to pay for all the costs and expenses incurred as a result of your family pet having suffered any illness or accident. Then, in the unfortunate instance that your pet is missing and never recovered, the insurance company will pay a percentage for the value of your dog, provided that the animal has been missing for 30 to 90 days. Depending on the vip pet insurance policy.

When purchasing pet insurance online or requesting a quote, you will have to fill out a form that asks for standard information such as the breed of your pet, etc. It depends on the age and breed of your dog, but you can find pet insurance premiums as low as $10-$15 per month. Insurance premiums are affected by the age, health and breed of your pet, as well as the type of animal.

On the other hand, if you have special breed dogs that pose no threat, then you may want to consider a different type of pet insurance. At the end of the day, however, having pet insurance is like having any other type if insurance. Pet insurance is like other forms of insurance and has the general liability, bodily injury, and property damage.

There are various types of pet insurance available, including third party liability coverage, which will protect you if you pet harms, destroys property, causes an accident, and so forth. There are various levels of pet insurance to choose from, including Senior and Standard Pet Coverage plans. In addition, pet insurance plans also allow you to choose the veterinarian you would like your dog to see.

As with human health care insurance, pet insurance pays the health care provider, in this case the veterinarian, according to a schedule worked out by the insurance company. You might have wondered why people have health insurance and most pets don’t, when the medical costs seem practically the same! And yet, navigating through the underbrush of fine print involved in pet insurance may have put you off. Is it worth the money?

Included in many vpi pet insurance policies are the covering costs of advertising in your area and local newspapers for your lost pets safe return. With the rising costs of pet healthcare and with the extremes that many of us would go to for our pets, pet insurance is becoming very popular with pet owners. To prepare for such an occurrence, many owners are taking out insurance for their pet, to offset any costs that may be incurred and to ensure their pet gets the best treatment.

Most pet insurance policies carry an excess which means that you have to pay a small amount towards the cost of any treatment claimed for under the policy. If an insurance policy doesn’t seem like the answer for you and your pet, there are other options, which should be discussed with your veterinarian. Absolutely free non committal pet insurance quotes are there to assist you in finding the best deals, and applications are very user friendly for your convenience.

One thing you do need to keep in mind when arranging your family pet insurance is the excess amount. Also, make sure you shop around, there are loads of different pet insurance policies available and you can half the cost if you do your homework. Brokers Online provide you with a huge amount of information on pet insurance and cheap life insurance.

The cost of these different pet care pet insurance plans ranges from $99 to $200 for every policy term year depending on the type of policy. Moreover, as with human travel insurance policies, pet travel insurance can be purchased either as annual policy or as a one-off travel policy.

Pet insurance covers all kinds of emergencies, injuries and illnesses, as well as visits to the vet’s office, prescription fees, tests to diagnose ailments, x-rays, etc. Pet insurance plan can give you peace of mind as it takes away all the financial tensions that come first to our mind, when our pets get ill.

Pet Insurance Myths

Recently Pets Best Insurance conducted another set of focus groups on pet owners to determine if we were addressing what pet owners really wanted, and to see if they understood the value concept of pet insurance. The results of the study confirmed observations stemming from years of prior experience in veterinary medicine and pet insurance. However, the results also showed that many pet owners believe myths about pet insurance born of misconceptions and incorrect information. Below are the myths we encountered and takeaways from our focus group.

“Pet Insurance Is Only For Sick Pets”
Actually, you must purchase insurance before your pet is sick, the same as you would buy auto or homeowners insurance before you have an accident or catastrophe. Although Pets Best provides a small amount towards a pre-existing condition insurance is really for future risk (loss).

“Insurance Is a Hassle”
Pets Best pet insurance plans are simple. You just pay your veterinary bills and submit the bills to us. We reimburse you directly in less than a week (unlike some plans which are complicated and utilize schedules which may be substantially less than your actual veterinary expenses). Check out the ‘plans’ section on their site.

With Pets Best 80% payment after the deductible, it is easy to figure out how much we will reimburse you for your claims. Since pet owners typically pay out of pocket for their pet’s medical expenses, the turnaround time for payment is shorter, unlike human health care where hospitals and doctors bill the insurance company.

“We Could Not Choose Our Own Vet”
Fortunately with most pet insurance plans there are no Managed Care principals, Pet HMOs or Veterinary PPOs to contend with. At Pets Best you can always select the veterinarian of your choice. Pet insurance is not typically involved in the decision process for treatments, care or cost. The only exceptions are plans that utilize a benefit schedule (which will affect your out-of-pocket costs) and one that is trying to set up a network of veterinarians.

“Pet Insurance Must Be Expensive”
Although premiums vary by company, plan type, age of pet, and species of pet (cat or dog), in most instances pet insurance is very affordable and the monthly cost is about what you would pay for a dinner for two. Pet owners can choose a less costly plan with lower limits and a higher deductible or a higher cost plan with lower deductible and higher limits. Prices will vary from company to company, but most are reasonable. See an overview of Pets Best insurance plans by visiting the ‘plans’ section on their site.

“Pet Insurance Has Too Many Exclusions Or Does Not Cover What I Need”
When it comes to accidents or illness, pet insurance actually has very few exclusions. Pet insurance is designed to transfer the risk of your pet’s future unknown health cost to the insurer. Close inspection will see that it truly does.

When it comes to protecting your pet’s health and the many thousands of accidents and illnesses that can happen to pets (other than hereditary, congenital and pre-existing conditions) all accidents and most illnesses are covered.

With Pets Best many of the typical exclusions are limitations, where the payment, although smaller, does provide some coverage and value. Ask your veterinarian or their staff how many times a pet’s illness can present financial hardship and hard decisions.

Pet insurance is like your own health insurance; it is designed to pay for your pet’s medical needs, whether it is a simple skin rash, a virus, an ear infection or severe cancer.

As a pet owner, your decisions surrounding pet insurance speak to your understanding the myths and facts about the real value pet insurance can provide. In addition to granting peace of mind and protecting your pocketbook, most pet owners still do not understand the benefits.

As a doctor of veterinary medicine and an animal lover, I will not rest until every pet owner is at least aware that pet insurance coverage exists. It can be budgeted at a reasonable cost so pet lovers never have to be concerned with their pet family member’s health costs.

Curious about what it would cost to insure your pet? Pets Best is happy to provide a free quote for pet insurance. Still have questions about pet insurance? Visit the Pets Best frequently asked questions about pet insurance forum.

Looking for Cheap Pet Insurance? Key Questions You Should Ask Before You Buy

Looking for cheap pet insurance can be a big job if you don’t know what to look for. There are a number of choices and finding the best pet insurance is easy if you know the right questions to ask. Without pet health insurance you won’t be protected if something unforeseen happens to your precious pet.

Key Questions to Help You Find the Best Pet Insurance for Your Pet

Why do I need pet insurance when my pet is healthy?
Insurance is one of those things you need but hope you never have to use. Your pet may be fine today but there is no way to know what might happen in the future. Looking for pet insurance after your pet becomes sick or develops a condition will limit the coverage you can receive. Many other unexpected things can happen that you wouldn’t expect and being insured will make sure your pet get the best care possible without the need to make heart-breaking choices based on what you can afford.

When is my pet able to enroll?
Most pet insurance programs are available to any healthy pet that is 8 weeks old or more. Be sure to know how old any new-born pets need to be before they are covered for any accidents or sickness.

Is there a discount if I insure more than one pet?
Some policies will offer a discount for each additional pet that you insure. If you have many pets most pet insurance companies will offer you a multi-pet discount.

Is this a comprehensive insurance program or a discount program?
It’s important to know the difference between the two. An insurance program would be similar to insurance programs for people. A discount program works on an annual fee and provides discounts for vet services and other pet related costs. Be sure to get full detail for the plan you’re interested in.

Is my pet covered if they travel with us?
Some policies will cover your pet while traveling with. Check the program type and see if your pet has travel coverage and in what areas of the world they are covered.

When does the plan go into effect?
Some plans (especially illness coverage) will have a waiting period of 1 day to 2 weeks starting from the time you sign up until the plan actually takes effect. A Veterinary’s examination may need to be submitted before you’re pet is accepted. Other programs will begin as soon as they have received your payment and enrollment. Make you know when your plan starts and finishes.

How is a claim processed?
Most pet insurance companies will have a claims form available online or a phone number you can call to make a claim. Typically, you would pay your vets and then your pet insurance company would reimburse you. Check your policy to make sure you know the options you have available.

Is there a deductible on services?
The deductible is what you pay before the insurance kicks-in and pays the balance. It works the same way as car insurance, the smaller the deductible the higher the premium. Each program has a different deductible so look for a program that is affordable.

How do I cancel my policy?
If you change your mind, most programs will allow you to cancel within the first 2 weeks providing you have not made a claim. Be sure you know the details for cancellation for whatever reason you may have later on down the road so you’re aware of any possible refunds, etc.

Does the company have good customer support?
This is not really a question to ask. It’s something you should keep in mind. Using a company that is helpful and answers your questions to your satisfaction will make dealing with them much more enjoyable during the life of your policy.

Asking the right questions helped us to narrow down our search for the best pet insurance company for us and our pets. Be sure to check with your states insurance commissioner to review the performance record of the company you are considering.

Make sure you understand all the details of your pet insurance policy and ask as many questions as you need to before filling out the application and going through the required check-ups. You’ll be glad you did.