What is pet insurance?
Your pet is an important part of your life. Animals need healthcare just like humans. That’s why it’s so important to learn about pet insurance plans to keep your pet healthy. Animals get sick – particularly as they get older. They also have accidents that leave them in need of immediate care. The definition of pet insurance is simply healthcare coverage for your pet.
What do I need to know about pet insurance?
There are many benefits to buying healthcare for your pet. Pet insurance can cover illness or accidents. You can buy these coverages separately. It is best to buy a policy that covers both, since your pet can get injured in an accident as well as contract a serious illness. Not all pet insurance companies are the same. That’s why petinsurancefinder.com provides ratings and rankings for companies in your area. Our recommendations are based on the experiences that other pet owners report.
Do I really need pet insurance?
Preventative healthcare for your pet can get expensive, but you may find those costs manageable. If your pet gets sick, out of pocket costs can skyrocket. Some pet parents find themselves in the terrible position of choosing between treatment and euthanizing their pet. Most people just don’t have the many thousands of dollars it can cost should their beloved pet contract a serious illness, such as cancer. The cost of medication, medical tests, and life-saving treatments can add up quickly.
How do I get pet insurance?
You can buy pet insurance online or work with an insurance agent. You determine the right policy for your pet and budget. Most insurance companies will provide instant quotes on their websites. Or, you can talk to a friendly customer service representative. Then, you pay the first month’s premium with a credit card.
Can Petinsurancefinder help me find cheap pet insurance?
Yes. But you want more than a low price – you want a pet insurance company that provides high quality coverage. On PetinsuranceFinder you can get ratings and reviews of companies in your area that offer pet insurance. Just enter your zip code and the type of pet and we will provide you with a list of great companies to choose from. Then, click on the link of your preferred company to get a detailed quote. 90% of companies provide insurance for at least a year.
Are there different types of pet insurance?
Yes. Some companies offer pet insurance that covers dental. Others may offer pet insurance that covers having your pet spayed. There are pet insurance companies who offer insurance for special breeds, like Rottweilers. It is also possible to get health insurance for exotic pets.
What types of animals does pet insurance cover?
Americans love their dogs and cats. According to the Insurance Information Institute (iii), over 60 million households care for nearly 90 million dogs and puppies. About 47 million families in the USA care for 95.6 million cats and kitten. People also love their birds (20.3 million of them), reptiles (9.4 million), and horses (7.6 million). It’s more challenging to find companies to insure certain types of pets like ferrets, rats, parrots, and turtles. However, Nationwide Insurance Company offers an Avian & Exotic Pet Plan that covers a long list of more unusual pets – even guinea pigs and hedgehogs.
What are the features of a pet insurance policy?
You can find an affordable pet insurance policy by selecting different options to lower the cost of pet insurance. For example, selecting a higher deductible can lower the cost. The deductible is the amount of money you are responsible to pay for each claim. The younger the animal, the less expensive the coverage. Kittens and puppies will have much lower premiums compared to a senior cat or dog. Small dogs, depending on breed, may cost less. Other features that affect the price of pet insurance include:
Annual Policy Limits
The annual policy limit is the maximum amount the pet insurance company will pay out each year. The lower the annual policy limit, the lower the premium.
Choosing a lower reimbursement percentage is another way to lower the cost of veterinary pet insurance. Typically, you choose either an 80% or 90% reimbursement percentage. So, if your vet bill is $1,000, an 80% plan will cover $800, less your deductible.
Optional Pet Insurance Coverages
You can select optional coverages such as dental. Wellness coverage provides preventative maintenance and routine exams to ensure your pet is taken care of from head to tail. Some pet insurance companies offer deals for buying additional coverage. You can usually get a discount for buying insurance for more than one pet.
Can I get insurance coverage right away?
Most companies do not offer pet insurance that starts immediately. There is typically a waiting period of 14 days. Some medical conditions require waiting periods of up to six months.
What if my pet is already sick?
Most pet insurance companies do not cover pre-existing conditions. In fact, the waiting period is meant to discourage pet owners from buying insurance only when their pet gets sick. Some companies may cover curable pre-existing conditions. Most do not cover hip replacement surgery. Some consumers may be able to get pet insurance through Pet Assure that does cover pre-existing conditions, wellness exams, and more. Unfortunately, it is only available through an employer. Not all companies offer this benefit.
Which companies offer pet insurance?
There are many top companies who offer medical pet insurance. There are several popular plans offered by Liberty Mutual, Prudential, the ASPCA, 24 Pet Watch, Petplan, and many others. Use PetinsuranceFinder to get information on highly rated companies recommended by consumers just like you.
Who pays my veterinarian?
There are two main types of pet insurance coverage. The first type pays your veterinarian directly. Your vet submits a claim to the insurance company to receive payment. With the other type of insurance, you pay your veterinarian then submit the claim to the insurance company for reimbursement.