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When you bring home a pet, you not only bring in joy and happiness, but alongside several responsibilities also walk-in. You need to take care of their food, hygiene, have toys for them to play with and other essentials that are necessary for their day-to-day life. Most importantly, you also need to make sure that they get veterinary care that includes vaccinations, personal care or grooming, and preventative treatments and much more. So, you need to be financially capable to provide your pet with a healthy and a happy life.

This article gives you the thorough understanding of Pet Insurance so that you can choose the best and yet cost-effective solution for your loved companion. Here’s what it covers,

Why Do I Need To Insurance My Pet?

After all your attention, time and care your pet will eat something it should not or it will develop an underlying illness that you are unaware of. Sometimes their health issues reach to a stage where an emergency hospitalization or even a surgery is the only way out. This can hit you really bad if you are financially unprepared. You do not want to get into a situation where you need to choose between your beloved pet’s wellness and your hard-earned money. This is when pet insurance play the savior role for both you and your furry friend.

If you are not sure whether you need pet insurance, think whether you are capable of paying for the emergency vet bills. Make the calculations regarding the total cost of the premiums you will pay and the likelihood claims you will make. For instance, senior animals are costly to insure, but they frequently need medical assistance.

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Pet Insurance Types

Mostly pet insurance is similar to human health insurance. Your mind will be at ease when you know that the mighty unexpected vet bills will be covered. This will only be feasible when your pet is protected with a health insurance plan.

There are three types of coverage that insurance companies provide: accident, illness, and wellness. You can go for any one, two or all kinds of coverage plans depending on your preference.

1. Accident Plan

One can not anticipate an accident but you can certainly plan for a potential accident that is capable enough to hit your wallet hard. All pet insurance firms offer accident coverage plans that include broken bones, bite wounds, torn ligaments and other pet injuries.

2. Illness Plan

Various pet insurance companies shrink their illness coverage as pet’s age. Therefore it is vital that you insure your pet at a young age to avoid any chance of a pre-existing illness not covered in the insurance plan. Such plans cover various pet ailments like skin infections, arthritis, cancer, urinary tract infections, allergies, and many more.

3.  Wellness Plan

Not all insurance companies provide wellness insurance plans. It is always optional to go for wellness coverage because you can pay for the wellness charges or invest in an insurance firm to be able to spend from the pocket for regular expenses like routine testing, vaccinations, flea and tick or heartworm treatments, teeth cleanings.

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How Does Pet Insurance Work?

In contrast to human health insurance, majority of the pet health insurance firms reimburse for the cost of veterinary expenses. After paying for the bills after your vet visit, you will need to send the detailed itemized bill or receipt to the insurance company with the filled form. The insurance firm then processes your claim request and you will receive the reimbursement in a form of a check or direct deposit within the specific processing time period.

How Do I Select The Correct Insurance?

It is imperative to be sure about what different insurance plans offer and what your pet’s requirements are before you purchase a plan for your pet. Compare the options you have and go for the right one suitable for you and your animal. Talk to your veterinarian to know what type of coverage your dog will need as he ages.

  • Slim down your options with a review of leading two or three insurance providers along with the specific areas they cover.
  • Acquire quotes from the shortlisted companies based on your pet’s age, breed, and needs. Ask for discounts on the purchase of multiple policies.
  • Compare the cost of monthly premiums against the types of coverage offered with add-ons if there are any.
  • Consider payout percentages and plan deductibles that can directly affect your out-of-pocket costs.
  • Look to purchase an insurance plan when your puppy is young, well before he develops any pre-existing disease.

What Can Pet Insurance Cover?

Similar to other forms of insurance, pet insurance policies vary. It is important to get the right cover for your pet. Always read the fine print of the policy you buy.

Veterinary Bills: The premier reason pet owners buy an insurance policy is because it provides reimbursement for unexpected vet bills. However, there is a variety of veterinary treatments performed on your animal that may not be included in your policy. It is advised to check your policy and understand what treatments are covered, how much you can claim and so on.

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  • Ideally, general vet cost including accident treatments, injuries are covered.
  • Hereditary and congenital conditions related vet cost can be included.
  • Dental care treatments are also covered on some insurance plans.
  • Breeding cost can be covered under a pregnancy-related cost but you need to make sure with your insurance company that breeding related cost can be claimed.
  • Alternative treatment cost such as homeopathy, physiotherapy cost can be covered if advised from your veterinarian.

Along With Veterinary Bills, Other Claims That Can Be Included Such As:

Death by Illness or Injury:

A good policy should cover your pet’s purchase price when certified the cause of the death by a veterinarian. The age limit plays a vital role when you claim for death by illness.

Liability Cover:

This will cover the cost you are legally accountable for paying if someone is injured or a property is damaged in an accident involving your dog.

Loss and Theft:

It is necessary to make sure that your policy covers your pet’s purchase price. If you are unable to provide the proof of the cost, the insurer might pay you the market price of your pet.

What Is The Cost For Pet Insurance?

There are various companies offering different insurance plans at different costs. Different factors including your pet’s breed, age, place you live, and pre-existing conditions contribute to the overall cost of your insurance plan. Cost of an older dog will be higher than younger dogs because of their chronic conditions.  There are three main costs attached with pet insurance: a monthly premium, deductibles, and reimbursement percentage.

1. Monthly Premiums

Your pet insurance firm will be able to provide you the quote of the monthly premium for your dog’s insurance plan. This premium costs are different for each company. Monthly premium for young dogs will be less than the older dogs.

2. Deductibles

Pet insurance companies make you pay some additional cost for the plan you purchase in the form of deductibles before they start you paying. Higher deductible plans will have lower monthly premiums. It is necessary to select deductibles for your insurance plan considering the amount you can pay as monthly premium along with the cost of the deductibles that you need to pay from your pocket.

3. Reimbursement Percentage

The percentage of reimbursement varies for different insurance firms. Some insurers provide 100% coverage of the cost for up to a certain amount, while others may reimburse for 70% to 80% of the total cost.

Ideally, higher deductibles or lower monthly premiums have higher reimbursement percentage.

Alternatives To Pet Insurance

In case, you think that the pet insurance is too much for your pocket or it is not helpful, there are other options you may go for to pay for vet bills.

Wellness Plans:

Your veterinarian may offer you wellness plans to pay for their due amounts, however, it often requires paying a certain amount in initially followed by a monthly payment. These plans do not provide coverage for injuries or illness.

Personal Savings:

Some people choose to put a certain amount aside for the costs related to their pets. This requires a proper planning but saves you from paying high interest rates loan amounts charge.


Jesse McDaniel is an animal activist that raises concerns and spreads awareness regarding pet health issues. She is also a self-proclaimed pet lover who tends to support many pet shelters, assisting them with supplies and medical aid on a regular basis.