Pet insurance, just like medical insurance for humans, provides financial assistance with veterinary bills for dogs, cats, birds, and other pets. The typical plan provides coverage for illnesses and accidents. Some plans also offer wellness care coverage that assists with checkups and vaccinations. Before selecting a pet insurance plan, read pet insurance reviews to learn the cost, features, and comparative ratings of each policy. In addition, consider the factors below to help you find the best plan.
Tip 1: Understand that pet insurance is designed to manage the financial risk of the pet owner. It is not intended as a way to save money. If your pet remains healthy, you will most likely pay more total premiums than you receive in reimbursements. Read the benefits to make sure the plan provides excellent financial and medical coverage for unexpected and expensive situations.
Tip 2: Do not select a health insurance plan based only on premium cost. This will not provide the correct financial and medical coverage for your pet. If a pet insurance review focuses only on cost, be sure to find other reviews that delve into different aspects of the coverage.
Tip 3: Veterinary costs vary throughout the country, with costs tending to be higher in urban areas. Ask your veterinarian to provide costs for worst-case scenarios that tend to be most expensive. These include emergencies like bloating, accidental poisoning, fractures, ingestion of foreign items, and urinary blockage. Also, get costs for sudden and severe disease like acute pancreatitis and acute renal failure as well as chronic diseases like cancer, diabetes, heart and liver diseases, and chronic renal failure. If these costs are unaffordable, pet insurance may be a good option.
Tip 4: Do not rely solely on reviews of pet insurance plans. Conduct independent research to determine which companies and policies meet your needs in terms of maximum payout and medical coverage.
Tip 5: Read policy terms and conditions, paying particular attention to the exclusions and requirements of each one.
Tip 6: Ask the insurance company to provide a list of exclusions based on the breed and medical history of your pet. Be sure to get this before the expiration of any money back guarantee period. If the list is not compatible with your needs, cancel the policy within the guaranteed time period.