We all love our pets. They are not just domesticated animals but our friends and very much a part of our families. Since they are a part of our family we do not want them to get hurt, injured or get ill. Moreover, we do everything to protect them. One way to protect them is to get insurance for pet business. Pet Insurance provides you the compensation for the cost incurred in the veterinary treatment of the ill or injured pet. Certain policies pay either after a pet’s death or in case the pet is lost or stolen. There are few things that one should keep in mind before you enroll your pet for Health Insurance:
- Compare features of Pet Insurance Providers
Before enrollment of pets in any kind of health insurance policy, one should make a detailed study and compare the difference in plans, premiums, deductibles, co-pays, sample reimbursements and other features of different pet health insurance providers. Also, ensure that you go through the track records of various insurers and go with the company that is stable, experienced and has a good market value.
- Review Cost and Value
The monthly premium and reimbursement amount of the insurance policy varies based on the type of coverage and deductibles chosen. A deductible is applied to every incident and can reduce the monthly premium. Low annual deductible results in higher premiums while higher deductibles lead to a lower premium. Therefore, if you are looking for a complete care health insurance plan for your pet, you should thoroughly review the cost of the plan and its value.
- Choose insurance plans for Healthy and Young Pets
Like in the case of human health insurance, the premiums of pet health insurance increase with pet’s age. Hence, it is vital to enroll pets when they are young, healthy and fit. This will help avoid limited coverage and cost of the health insurance policy.
- Select coverage plan according to your requirement
Decide on the plan as per your needs. You can discuss your pet’s health with your vet and ask for suggestions accordingly. If you want a policy that covers routine wellness of your pet such as vaccinations, flea and heartworm prevention or coverage for unknown medical conditions such as severe injury leading to surgery, exams lab tests, etc or overall care that also includes wellness and hereditary conditions. You must also ask the insurance provider about the inclusion of prescription coverage in the plan.
- Ask for discounts and exclusions
Before you buy an insurance policy, make sure that you ask about the exclusions in the policy plans. Pre-existing conditions and hereditary defects are usually excluded in pet insurances. These exclusions may sometimes be covered with extra cost. Besides, you should ask whether your employer offers pet insurance benefits or not. It is always best to know all the exclusions beforehand rather than knowing it after the actual loss.
