The fact is pets get hurt more often than you would want them to. This leaves many pet
owners facing a bill that might be more than they can cope with financially. Pet insurance is a good way of helping you avoid the financial burden that comes with accidents and other emergencies. Here is what pet insurance is and why you need one.
Read More:
- The Average Cost of Pet Insurance: A Basic Guide
- The 7 Things You Need to Ask When you get pet insurance
- 5 Tips for Taking Care of Your New Puppy
- Pet Care: And Why Your Pet Needs Medical Insurance
- Choosing the right Pet Insurance for your Pet
What Is Pet Insurance
Pet insurance is a contract between you and an insurance company. You pay a monthly premium to the company, usually in exchange for coverage in case your pet gets sick or injured. If your pet gets sick, you can take them to any vet of your choice and tell them that it is part of your policy with Company XYZ Insurance.
The vet will provide care without charging you out-of-pocket expenses (such as if you were uninsured).
Pet insurance covers health issues, including allergies, cancer, chronic conditions (diabetes), external and internal parasites, arthritis, organ failure, etc. It typically covers accidents caused by interactions with other animals or people as well as some hereditary conditions.
When considering insuring your pet, there are a number of factors to think about before you pick a plan.
Check how much time elapses between when the company receives your claim and when it reimburses you for expenses. The longer they take, the more likely it is that costs will go up due to inflation or sudden price increases from the hospital or veterinarian.
Determine what percentage of claims are actually approved and how quickly they are paid out. Check if there are any pre-existing condition limitations (such as no coverage for hereditary issues) or requirements (such as vaccines).
Learn about coverage limits on different kinds of medical procedures, which providers are covered under each plan, whether there is an upper limit to payouts per year, and what happens after one year after an animal passes away.
Remember that it’s best not to put this off till later. As the folks from Insurdinary.ca explain, if you need a comprehensive pet insurance policy, it is always better to act fast. As pets age, chronic illnesses and genetic diseases may manifest themselves. Once a pre-existing condition is diagnosed, the condition will no longer be covered. Now, here are reasons why you need pet insurance.
It’s the Responsible Thing To Do
Pets are not just property, they are members of your family. You would do anything in your power to keep them safe and healthy, including paying out of pocket for medical treatments if necessary. The basic function of pet insurance is to help you pay for illness and injury that your pet might develop during its lifetime.
It Saves Money In The Long Run
Pet insurance can be a good investment because it will definitely cost less than having to pay all emergency expenses out-of-pocket. Depending on the plan, you can save up to 90% of the costs.
Insurance companies also offer different kinds of plans, so you can choose one that fits your budget.
Your Pet Deserves The Best Treatment
It’s only natural to want the best for your pet in terms of their health and well-being. This is why you will spend money on healthy food, vets, and grooming professionals that can all help them live a full and happy life. On top of that, there are also medical treatments that can save or significantly improve your pet’s quality of life.
However, these procedures usually cost thousands of dollars. Without insurance, it seems like an impossible dream to afford treatment for your pet when they most need it. With insurance, you will be able to afford the best treatments; there will be no need to forego quality treatment for affordability.
Your Pet Can Live A Long Life
Pets are not just for Christmas. They are loving and supportive members of your family. As a pet owner, wouldn’t you want to be able to enjoy their company as long as possible? The best way to do this is by getting them the protection they need against illness or injury that can ruin your life financially or emotionally if it happens.
It’s hard enough having to put to sleep a dog that has been part of your life for ten years; imagine having to make that decision because you don’t have insurance and cannot afford treatment!
It’s Easy To Get Coverage
Insurance companies will make the process of getting coverage for your pet as easy and convenient as possible. Applications can be made online or over the phone, and insurance certificates will be sent out to you in a timely manner.
It Can Offer Flexibility
Some insurance companies will allow you to make monthly payments for your pet’s insurance. This is great news for pet owners who are unable to pay the entire amount in one go and wait until they have enough money saved up to pay in full.
There are also plans where you can opt to cover just part of your pet on a plan, for example, just its dental treatment or its eye care so that it is more affordable. If at any point there might be changes in your situation, like if you get a new pet or lose your job and cannot afford the premiums anymore, most insurance companies will allow you to change your coverage type from, say, whole-body medical protection only, to dental or vision care only without having to cancel your plan and wait for a new one to be issued.
You Can Protect More Than One Pet
Some people have more than one pet, which is completely understandable if you have two dogs or two cats. It can cost twice as much to share them with each other and take care of their health needs between the two of them!
However, there are also insurance companies that offer plans where owners can get coverage for more than one animal at a time; so if you have ten pets, then getting policies for all of them will not exceed your budget. This means that no matter how many animals you own, they can all be protected against deadly accidents or illnesses.
Coverage For More Than Just The Unexpected
Pet insurance has coverage that provides benefits for routine care such as check-ups that can help early detection and prevention of serious health problems, vaccines, parasite prevention treatments, and even dental cleanings. With this coverage, there is no reason for you to put off taking your dog or cat to the vet!
Some pet owners only visit their vets if something is wrong. This can be very counterproductive and lead to more serious issues for their pet’s health down the line, just because they did not get routine check-ups on a regular basis.
Related Post: 7 Financial Tips For Paying Your Vet Bills | Help For Vet Bills
As a pet owner, wouldn’t you want to be able to enjoy their company as long as possible? The best way to do this is by getting them the protection they need against illness or injury that can ruin your life financially or emotionally if it happens. Taking care of one animal is difficult enough, so there’s no reason to deny yourself the ability to protect everything that you own from being destroyed by circumstances out of your control. You’ll find that insurance companies make your journey quick, easy, and affordable, with plans set up in ways that allow you flexibility and cater specifically for any budget size. It offers more benefits than just covering emergencies, too, like routine care that can help your pet live a long and healthy life for you to enjoy.
