Vital Information About Pet Insurance

Proper health care is one of the most important aspects of having a pet. You have to ensure that your pet is properly taken care of by giving it access to good veterinary care. You can do this effectively by buying affordable pet insurance. Veterinary pet insurance is available no matter the kind of pet that you have. There are policies for dogs, cats, guinea pigs, parrots and other kinds of domestic animals. This article will give you valuable and reliable pet insurance information.

It is not difficult to find out the cost of insurance for pets. You just have to spend a few minutes on the internet to find several insurers that are ready to give you the best pet insurance. The pet insurance quote tat you will be given will depend on the animal’s health history, species or pedigree, age, location and other risk factors. You will be presented with a range of coverage options to choose from. You may decide to buy coverage for certain conditions or choose a basic or premium package.

It is good to shop around to find the cheapest pet insurance but you have to ensure that the coverage that you choose can sufficiently meet the needs of your pet. You should find a reasonable balance between cheap pet insurance and the quality of service that is provided by the insurer. It is important to choose a good pet insurance company that has a reputation of offering excellent service.

Insurance for puppy/dog is designed to provide the best possible health care. You can save a lot of money every year on your pet’s visits to the veterinary. The coverage usually includes prescriptions, hospitalization, surgeries, diagnostic tests and so on. With ban-field pet insurance, you will know exactly what is included in the coverage and the benefits that are available to the pet. All pre-existing and recurring conditions are usually treated at no charge.

There a re a few things that you can do reduce the premiums that you have to pay on medical insurance for pets. Taking advantage of exclusions will help to keep your rates low. A list of possible exclusions will be given to you by the provider. You can decide what you want to include or remove. If your pet is healthy and relatively young, you can go for the minimum coverage that is available. Exclusions usually include hereditary conditions, congenital conditions, grooming, behavioral problems, elective procedures and so on.

The cost of dog or cat pet insurance varies from one provider to another. You can expect to pay up to a dollar per day on a good policy. This will of course depend on your location, pet species, breed size and age. Most providers are reluctant to provide insurance for dogs or cats that are above certain age limits. If you have more than one pet, you can take advantage of multiple pet discounts which will help you to reduce the premiums that you have to pay.

Your application for pet insurance will have to be reviewed by the insurance company. It may be necessary to provide the pet’s medical records. In cases where medical records are not available, a medical examination will be used to establish the state of health of the pet. This is usually common with adopted or rescued animals.

It is important that you buy pet insurance for your dog as early as possible. A lot of providers will not accept dogs that are above a certain age. However, they will continue to provide insurance for pets that have existing policies before attaining the age limit. Ensure that you choose a reliable insurer that has a good reputation and a system that makes easy for customers to file claims.

You should take your time to read through the policy agreement before singing up with the company. Ask the representative to explain any aspect of the policy that you do not understand. It is important that you know exactly what you are getting for your money. You should also be satisfied with the quality of veterinary clinics that are available under the policy. Choose a policy that you can cancel easily if you are not satisfied with the service that is provided.

Pet policy will help you to save a lot of money on vet bills. It will ensure that your pet gets proper medical attention when required. Pets face day-to-day hazards even when they are limited to the home. They could get injured or eat inappropriate food. They can also come up with emergency health problems. A good pet insurance policy will help you to handle any of these unexpected circumstances.

A question I am often asked is “What is the cheapest pet insurance”.

The simple answer is you get what you pay for, but that doesn’t mean that you can’ get a great deal that suits your budget and gives you the insurance cover you need. Let me explain.

Basing your choice of pet insurance coverage on price alone is a recipe for disaster. Sure you will get cheap monthly premiums but it is simply false economy because you will end up paying for a policy that fails to provide you with enough to pay your vet bill when you need it.

There are ways to swing the odds in your favor so that your monthly premiums are kept at a minimum while you still enjoy a level of coverage that safeguards you against costly veterinary medical bills.

Step 1/.

The first rule in getting a good value pet health insurance policy is to make sure you get five very important medical conditions included in your policy.

These are a must:

  • Coverage for Chronic disease
  • Continual coverage for chronic disease
  • Coverage for Hereditary/congenital conditions
  • Cancer Coverage
  • Coverage for Breed specific conditions

Why do you need these inclusions?

If you do not include these five essentials in your pet insurance plan, you are wasting your money because without them you will not be fully protected.

These pet medical conditions can and probably will affect your pet during its lifetime and each of them is singularly difficult and expensive to treat.

A handful of good pet insurance companies provide cover for these elements in their baseline plan. Others have them as add-ons for which you pay extra and yet others do not include them at all.

Here is a short list of some of the Pet Health Insurance Companies that include the five conditions in their baseline policy.

  • Healthy Paws
  • Trupanion
  • Embrace
  • Purina Care

Step 2/.

OK then. So we have identified a few insurance providers with have these important medical conditions included in their baseline plan. The next step is to look at their price to see how their premiums compare. The baseline premiums will likely range from around $5 per month to $15 per month. This is their starting point however there are other factors that will affect the monthly premiums such as the coverage levels you choose, your breed of animal, your pet’s age, your location and so on.

Generally speaking you should expect to pay from $15 to $40 per month, or even more if you select a premium plan.

Step 3/.

This is the part where I teach you how to save money on your monthly premiums.

Most pet health insurance companies base their pricing structure on a few factors.

For example:

  • What’s Covered
  • What’s not Covered (exclusions)
  • Maximum Payout
  • Deductibles
  • Co-Pay

It’s the last two I want to focus on for now.

  • Deductible is the amount of the veterinary bill you must pay before the insurance company starts paying.
  • Co-Pay is the percentage of covered expenses that you must pay after the deductible is met.

You can raise or lower the amount you pay monthly by adjusting the levels of these two elements. In other words, if you choose a higher deductible or co-pay, you will lower your monthly premium but your out of your pocket expenses for medical treatment will be higher.

On the other hand, a low deductible or co-pay will push up the cost of monthly premiums but your out of your pocket expenses will be reduced.

This is a bit of a balancing act so here’s a couple of things to ask yourself that will help you arrive at the right balance that suits your budget and your pet’s well being.

Take a moment to think about your pet. How old is he? Does he live indoors or out? Is he a naughty pet that is always getting into mischief? Is the breed susceptible to any hereditary diseases? Is he overweight? Does he have road sense and so on.

By asking yourself these questions you should be able to determine a level of coverage that is affordable, will most likely meet all of your pet’s medical needs, and save you money along the way.

Remember:

The higher the deductible and co-pay, the lower your monthly premiums.

The lower the deductible and co-pay, the higher your monthly premiums.

You are much better off to adjust the deductible and co-pay slightly to bring the premium down, than to remove any of the five important coverage elements mentioned above.

Step 4/.

There is one more thing you need to consider: Maximum Payout Structures.

At the high end of the scale, medical costs for serious illness or injury can be as much as 10 or even 20 thousand dollars Since it is impossible to know in advance what injury or illness your pet will suffer, you will want to focus on plans that give you the most flexibility when it comes to Maximum Payouts so you are not left short.

There are a number of ‘maximum payout’ structures offered by pet insurance companies including

  • Maximum Payout Per Incident
  • Maximum Payout Per Year
  • Maximum Lifetime Payout
  • Maximum Payout Per Body System
  • Maximum Payout Based on a Predetermined Benefit Schedule
  • Unlimited Maximum Payout

Maximum Payout per Body System and Predetermined Benefit Schedules are not recommended. They will cap how much of your Annual Maximum Payout you can spend on any one illness, accident or injury. Simply avoid them.

Better to go for Maximum Payout Per Year (the ‘Maximum Annual Payout’ gets reset annually so you will have this amount available to you every year), or Maximum Lifetime Payout (the maximum amount you will be reimbursed during your pet’s lifetime).

Let’s take a look at some of the leading insurance providers. Embrace Pet Insurance has an annual maximum payout of $15,000. Purina Care insurance, $20,000 per year, and Trupanion insurance $20,000 per year.

* There is one stand out. Healthy Paws Pet Insurance offer an Unlimited Maximum Payout Structure as part of their baseline plan. Not many pet insurance companies offer unlimited payout structures at no extra cost. This is by far the best structure to have particularly if you are considering a plan with lower monthly premiums.

Lastly, you should find out about the reputation of each pet insurance company. There are a few websites that provide Pet Insurance Comparisons and ratings based on actual customer satisfaction reports, real experiences, testimonials, Better Business Bureau Ratings etc. Using the information gathered by these sites will take out a lot of the leg work for you and help you to plot a straight line to the best pet insurance coverage that suits your pocket and the on-going health needs of your pet.

Pet Insurance Even For Your Lizard

A pet unfortunately is often considered an accessory not important in a household. But if you decide to have one, you will be surprised how a simple animal can enrich your life. Soon your pet will be part of the family and you will feel obliged to take care of its well being as much as you can afford to.

One of the ways to provide your pet with a healthy life is to heed every advice the vet has given you and thus to afford all the medical attention your pet require which also means buying them a pet insurance policy.

If Your Pet Is A Cat

When your pet is a cat and because of its docile nature, you may think it unnecessary to invest for it a pet insurance. But the fact remains that cats do age regardless of where they stay and they are prone to suffer medical as well as dental problems that can put them at risk from a health point of view. Therefore, if you want to afford the medical bills that your cat may summon, you must have a cat pet insurance, regardless of its circumstances.

Another reason to get your pet cat an insurance policy is to have it act as a safeguard to take care of the pet cat and give its owner a certain amount of money in the event of the death of the cat.

Also there is another manner in which a cat may be insured. Cat health pet insurance is most often favored by those who are old in age and who wants their pet to be taken of in case of their deaths.

This means the elderly owner pays a fixed amount of money into a trust and if the cat does outlive him or her then the person or persons that become the pet’s new guardian will receive the sum of money for its upkeep. Thus, cat health pet insurance will take care of the pet when the master dies and it can continuously live a normal and healthy life in the care of its new owner.

If Your Pet Is A Dangerous Dog Breed

Unfortunately, some of our pet dogs have been classified as dangerous breeds. These dog breeds usually fall on the larger dogs.

There are homeowner associations that have put restrictions on certain dog breeds. Some of these associations have banned specific breeds in their neighborhoods. Those associations who have not banned specific breeds have strongly requested that the homeowners purchase dog liability pet insurance.

Fortunately most insurance agencies will not label your dog by its breed, but by its history. They often understand that it is not the particular breed that determines whether a dog is dangerous, but its circumstances and training.

Most of these agencies impose different options for their dog pet insurance. If for example, your dog might be a biter, then your dog pet insurance will be a little higher than the dog which is calm and submissive.

While most of those which are classified as dangerous are the larger breed dogs, some of the designer dogs can be just as fierce. The owners of tiny dogs should also invest in dog pet insurance in case these dogs injure someone. But to be safe, any dog owner should purchase dog pet insurance. Not only will it help in case of liability, but will also help with the general health expenses of your dog.

If Your Pet Is An Exotic Animal

If you are inclined to have an exotic animal for a pet, it is all the more reason to get it a policy. After all no matter what sort of exotic pet you have, you most likely to have spent a huge sum of money on them. Since exotic pets are also not cheap pets to maintain, and when it is time to purchase an insurance policy for them, exotic pet insurance is going to be the best.

Another main reason that you need to have exotic pet insurance is that most vets will probably not know a lot about your pet, and so they aren’t going to know what to do when your pet needs care. This will mean that if you have to see the vet with your exotic pet, you might be spending a lot more money than you realize. This is very important for you to know, because if you get an exotic pet insurance you are making sure that the pet care is covered, no matter how much it costs you.