Pet insurance, or pet health insurance, as some people call it, is like human health insurance. It provides medical coverage and cares for your pets in case of unexpected illness or injury. If you have pets in the US that cost you a lot of money on veterinary care and visits to the vet, then you should consider getting pet insurance. Even if your cat or dog isn’t sick now, what if they were to suddenly develop an emergency condition? Pet insurance protects you from those kinds of situations and more.
1) The types of pet insurance
There are two types of pet insurance available to American pet owners. You’ll have to decide which type of coverage works best for you and your pet. Accident-only coverage will cover accidents only, but there won’t be any treatment for illness or injury, so it might not be worth buying if you plan on spending a lot on veterinary care anyway. However, most pets do need annual checkups with their vet (sometimes even more often), so having a general medical policy that covers illnesses can give you some peace of mind knowing that you’re covered no matter what happens.
2) What are the benefits?
One of the top benefits of pet insurance policies is that they can make health care for your dog and cat much more affordable. When you sign up for a policy, you are typically asked to pay an annual or monthly premium which can be paid on a payment plan if you prefer. Depending on your policy, some of these premiums can even be deducted from your income taxes as a medical expense.
3) When is it a good idea to buy pet insurance?
Pet insurance can be a lifesaver for pet owners who have expensive vet bills, or for those with dogs that frequently visit the doctor. But it’s important to figure out whether you need it—and, if so, which policy best suits your needs. To help you decide, here are some things to keep in mind: Insurance can cover accidental injuries as well as hereditary and pre-existing conditions.
4) Where can you buy a policy?
If you’re looking for a policy, you’ll find that there are a few different companies offering them. The most common are: Trupanion, Nationwide, and Pets Best. There are others too (and prices will vary), but these companies offer plans across all 50 states. To get covered immediately, visit a company’s website directly to sign up. If you’re short on time and need coverage now, call any of these companies directly for immediate help with your search for coverage.
5) How much does it cost?
Pet insurance can range from as little as $15 to more than $40 per month. The price will be determined by your individual policy and your choice of coverage, which we’ll cover next. Typically, dogs require more coverage than cats. Puppies cost more to insure than adult dogs. You’ll also pay more if you live in a rural area or own large or unusual pets.
Pet insurance comes with a monthly premium but can save your wallet from future expenses. With pet health care on the rise, it makes sense to consider adding it to your benefits package. If you already have a family health plan, check with your insurer to see if you’re covered for accidents that occur at home.