Is it worth it to get pet insurance?
You might be thinking, is it worth it to get pet insurance for your dog, cat, etc.? Well if pet owners only had to contend with pet checkups, annual shots, and the random injury, getting dog insurance or cat insurance may not be required.
Yet the fact is, nowadays, pet medical care is almost the same as human medical care, in terms of price and complexity. Case in point, magnetic response imaging or MRI is a diagnostic tool that used to just be for people. Currently, they are now accessible for pets too. The average cost is around $1,200. Procedures that are more sophisticated, like radiation therapy can be as low as $900 to as much as $5,000.
You cannot even think that it cannot happen to your pet. Probability is that one out of three pets will most likely require emergency treatment each year. In addition, two out of the three pets will have at least one major health crisis in their life.
With these rising and catastrophic expenses for your pets and with monthly premiums (pet insurance cost) of as low as $25, getting pet health insurance may be a good idea for you and your pet.
How exactly does veterinary pet insurance work?
There are many ways that dog health insurance or any other pet insurance for that matter, are not that different from what is for humans. The best pet insurance would cover illnesses and accidents and even offer preventive medicinal alternatives too. Note that dog insurance cost or cat insurance cost and the like have a deductible and exemptions for preexisting conditions.
You have to make sure to read the policy so you understand the details of the plan you are selecting. As a pet insurance comparison, here are a couple of pet insurance companies, as well as their pet insurance reviews. So if you are thinking, what is the best pet insurance for dogs, here is your answer!
24PetWatch has a per incident limit of $1,500 to $5,00 for accidents and a lifetime limit of $18,000 for illnesses. They restrict reimbursements to 70% of the veterinary below that is less than other groups.
ASPCA Pet Health Insurance provides a couple of plans, from those that cover injuries and accidents only until the lifelong plans for chronically ill or elderly dogs. Their midrange plan has a restriction $7,000 each year and $1,500 each incident.
Embrace Pet Insurance covers illnesses and accidents that includes congenital and hereditary conditions. They also have yearly claim limits per year of $5,000, $10,000 or $15,000. Embrace Pet Insurance provides a wellness plan for your pet with a supplementary monthly fee.
Healthy Paws covers illnesses and accidents that include congenital and hereditary conditions. It is only one of two companies that provide unlimited lifetime benefits with no annual or no per incident restriction on your claims.
Pets Best covers illnesses and accidents with a couple of exclusions. Make sure to read their policy to have a guarantee of their coverage. They provide a $20,000 lifetime limit on claims. They also have a deductible per incident. Pets Best also provide a wellness plan with a supplemental monthly fee.
VPI covers illnesses and accidents according to a schedule with predefined benefits. It also has a long list of exclusions. VPI provides a $14,000 maximum on the policy term and a yearly deductible. They provide a wellness plan with a supplemental monthly charge.
Ask the correct questions before you make a purchase
Like in the health insurance of humans, there are a couple of fairly main differences among policies, so you have to ensure that you receive the answers to the succeeding questions (as well as other questions you may have) before you purchase a policy.
What do you cover? Do you find that the plan is very understandable? Focus on exclusions and especially, the coverage. Take a look at, for example, hereditary and congenital conditions such as eye cataracts, heart defects, or diabetes. These are quite expensive to treat and should be covered.
How do you compute for reimbursements? Search for companies that pay the actual bill and not just benefit schedules. This is to guarantee the biggest reimbursement on claims.
Do you have limits on claims? Caps or restrictions applied each incident, each year, or through the lifetime of a pet can affect how much reimbursements you get.
How good is your customer care? Service is the name of the game for insurance as soon as you have bought a policy. With regards to claims and care, what are their customers saying?
What should you do next?
Use your favorite search engine and you will find a lot of independent web sites that can assist you in finding and comparing different insurance carriers and plans. Consider the specific needs of your dog as well, such as age and chronic conditions.
As soon as you are done with your research, it is as convenient as a phone call or an online query to make sure your dog is protected.