It wasn’t that long ago when you could only get insurance for people and property. But for some time now, pet owners have been demanding insurance cover for their pets and the insurance companies have been listening. With the cost of veterinarian care spiraling ever higher, many pet owners are choosing to insure their pets against illness or accident. In doing so, they are not hit with unexpected medical costs that can and often do run into many thousands of dollars.When people ask me, “what insurance company do you recommend”, this is what I tell them.Firstly, it is important that you do a little bit of research. Create your own simple pet insurance comparison chart. All pet insurance providers have differing insurance options available and of course, every pet and their owners have differing needs.There are however, a handful of pet insurance ‘must-haves’ that absolutely must be included in your policy. If not, when the time comes to call upon the policy, you might find yourself out in the cold. By including these five elements in your pet insurance plan you will know you’re covered no matter what happens. I’ll discus these five elements in more detail in a moment so you’ll know exactly what to look for.
Begin by short listing three or four pet insurance companies and request a free quote from each. The information you will typically provide is your pet’s age, breed, any pre-existing conditions, and so on. You will also want to know about the costs involved, what exclusions there are, what’s deductible etc. Most pet insurance companies have application forms online.Once you have the policy information in front of you, start thinking about what your pet’s needs are likely to be, how’s your pet’s health? Is she healthy or is here some type of medical condition. Then compare the different offerings of each company and their cost structure. By comparing the plans offered by each pet insurer, you can get precisely the type of pet insurance you need at a price you can afford.There are some web sites that can make the process of pet insurance comparisons a lot easier. The good ones have accurate information which compares and rates the leading pet insurance providers based on real customer experience and reviews. On good pet insurance comparisons sites, the work has pretty much been done for you with easy to follow charts and reviews, even Better Business Bureau (BBB) reports and so on that will help you streamline what otherwise can be a confusing and laborious task.Now. Back to the Five Vital Pat Insurance Must-Haves.The facts are, there are five vital inclusions that you must have in your pet health insurance plan.Here are the five Must-Haves.
Coverage for Chronic disease
Continual coverage for chronic disease
Coverage for Hereditary/congenital conditions
Coverage for Breed specific conditions
Why do you need these inclusions?If you do not include these five essential inclusions in your pet insurance coverage, you are wasting your money. Without them you will not be fully protected.
These pet ailments can and probably will affect your pet during its lifetime and each of them are singularly expensive and difficult to treat.For example:Almost 50% of pets over 10 years of age will die from cancer. Chronic Diseases are generally long in duration and slow in progression. Many breeds and species are predisposed to some medical conditions like hip dysplasia. These conditions can be fatal and the ongoing medical care can be upward of ten to fifteen thousand dollars and more.The cost of pet insurance normally ranges between fifteen and thirty dollars per month. This amount varies form company to company and is dependent factors like the coverage levels you choose, your breed of animal, your pet’s age etc.When you consider how much it would cost you to meet these medical expenses yourself, pet health insurance doesn’t seem that expensive.Advances in veterinary medical technology results in our pet’s living longer, healthier and happier which is a great thing but unfortunately it comes at a cost.