"As advanced veterinary care becomes more available and costs increase, medical insurance for pets is rising in popularity and becoming an essential part of responsible pet ownership," said
Medical insurance for cats and dogs should not be mistaken with liability or property insurance. The concept of it is fairly straightforward—pay a monthly premium in order to be covered for unexpected veterinary expenses— but every provider is different and offers varying coverage, plans, pricing options and limitations.
This simple guide outlines key factors that should go into deciding if it is the right fit for you.
•Age – Many times, the age of your pet will influence the cost to insure them. Some companies increase the price of the premium as pets' age, while some price based on the age at the time of enrollment. Insuring your pet as a puppy or kitten does have benefits—it is often less expensive and more likely that a pre-existing condition will not already exist. But if your pet is middle-aged or older don't think that they can't be insured as the coverage will help with treatment costs needed as your pet ages. •Breed – Certain breeds are predisposed to conditions, such as luxating patellae in Yorkshire Terriers, chronic lower airway disease in Siamese cats and cancer in Golden Retrievers. The right medical coverage will protect your animal even if they are prone to hereditary or congenital conditions. •Coverage – Each company will offer varying degrees of coverage, and some have coverage schedules and limits. Look for a provider that covers the largest portion of your veterinary bill, coverage for congenital and hereditary conditions, and has no limits to the amount they will pay out. •Deductible – Choose a deductible that fits your budget and how they are applied. Deductibles can help you control your premiums while making sure you see coverage before you hit your budget limit. Some deductibles must be met yearly, and some only apply once per condition. Some companies offer adjustable deductibles that allow you to adjust the premium cost that best fits your budget. •pre-Existing conditions – No pet medical insurance company currently covers pre-existing conditions, but each company identifies pre-existing conditions differently. Make sure you understand how each company defines a pre-existing condition and how they may decide if it relates to a future claim. Even if your pet has a pre-existing condition, like allergies or chronic ear infections, they are still a good candidate for insurance if they develop an unrelated condition down the road. •Flexibility – Look for a policy that does not lock you into a long-term contract and gives you the freedom to adjust your deductible or premium payments to fit your changing financial needs. You also want a policy that gives you the freedom to go to any veterinarian or specialist you choose.
Still not sure if pet medical insurance is right for you? Ask your veterinarian who can help provide insight. They have extensive knowledge of your pet's breed risks and health history. To learn more about choosing the right coverage plan and for more information about
Media Contact: Britta Gidican, email@example.com, 206-607-1930
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