As a pet parent, taking out insurance for your pet is one of the best ways to offer your pet the quality care it deserves.
However, you might not be aware of the necessary details you’d need to get yourself informed before taking out a good policy for your pet.
This is why in this post we shall guide you through what pet insurance is about, what it covers and the things you should consider when buying a policy.
What is Pet Insurance for Dogs and Cats?
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Pet insurance protects you against unforeseen veterinary expenses on your pets.
In addition to this, pet insurance offers cover for various other areas that concern adequate caring of your dog or cat.
What Does a Pet Insurance Cover?
Pet insurance generally offers coverage for a lot of risks pertaining to your pet.
The pet insurance policy you get depends on how much coverage you want for your dog or cat. Pet insurance generally offers cover for the following;
- Unforeseen injuries of pet,
- Unforeseen illnesses, hereditary conditions, long-term illnesses,
- Veterinary treatment,
- Surgery expenses,
- Medical tests,
- Dental Care,
- Alternative treatments such as homoeopathy, acupuncture, etc.,
- Loss/theft of pet,
- Death,
- Liability expenses.
There are certain exclusions however to what pet insurance covers. Such includes vaccination costs and treatment for certain incurable pre-existing conditions.
Types of Pet Insurance.
The following are the four (4) main types of insurance that exist for your pets.
- Lifetime Pet Cover: This is a comprehensive policy that offers coverage for almost any condition or risk your pet suffers. Premium payments increase as a pet grows older.
- Time-Limited Pet Cover: Policies are based on a scheduled time limit in this case. Here, you can review pet policy every year and choose whatever policy you prefer getting your dog or cat covered for, throughout the year
- Maximum Benefit Cover: This type of insurance offers a fixed amount for each named injury or illness throughout the duration of your pet policy.
- Accident-only Cover: This offers coverage for your pet injuries alone. It is the simplest and cheapest type of pet insurance.
Factors to Consider before Buying out a Policy.
There are certain factors you should consider before buying pet insurance. Some of these factors show the need of getting your pets insured immediately or affect the cost of insuring them, in general. They include;
- Age of your pet – the older your pet is, the more prone it is to certain illnesses or conditions. As such, this category of pets needs more care and will be more expensive to insure than a younger pet.
- Type or Breed of pet – the type of pet you insure affects the price of policies in general. Cats and dogs insurance is of a better value and is more affordable compared to other insured animals such as rabbits, hamsters or birds. However, in breed, some certain breeds of cats and dogs are more expensive to maintain than other breeds. As such, the cost of insuring them differs.
- Medical History of pet – It might be difficult to get insurance for your pet if it has any pre-existing condition. In this case, you’d have to search around for insurers that would be willing to insure your pet even if it requires excluding cover for the condition.
- Size of your pet – bigger-sized pets usually cost more to insure than smaller-sized animals.
- Type of Plan – the type of plan you prefer to get for your pet will affect the cost of your premium pay-out. For instance, getting comprehensive coverage for your dog is more expensive than an accident-only policy, which is the cheapest.
- Willing deductible amount – you should consider the amount you’d be willing to pay upfront whenever there’s a claim for your pet. This will reduce the cost of the premium you’d be required to pay for any cover.
READ UP >>> Top 9 Best Healthcare Insurance Companies in US 2022.
How to Get Insurance for your Dog or Cat.
There are a lot of comparison sites online to shop for good insurance deals for your pet.
All you have to do is just make use of one of these and compare plans and prices specific to your pet to get the best.
Renowned pet insurance companies such as Lemonade, MetLife PetPlan, Nationwide, etc., also offer online services that make it very easy to ensure your cats and dogs. Hence, you can buy directly from such companies online.
Note: A larger number of insurers that exist online cover favourably more for pet dogs and cats compared to other animals.
Overall, it is important you get familiar with the information above on insuring your pets so as to get adequate knowledge on choosing the right and best policy, for your pet’s needs.
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