Pet insurance is designed to help cover the cost of treatment for unexpected illnesses, accidents, and injuries.
Pet insurance helps you pay your veterinary bills, so you’ll always be able to give your pet the best care possible. Accidents and illnesses will happen to your pet over his or her lifetime, and it’s not uncommon for a major incident to cost thousands of dollars. Pet insurance will cover most of these unexpected costs so you can rest assured knowing that you’ve made the best choices for your pet. Generally, we do not recommend wellness coverage through insurance companies, as you most often will pay more over the years than you get back.
Thinking about pet insurance?
One of the companies we recommend is Pets Best Pet Health Insurance. They have been in business for over 10 years and offer a wide variety of plan options. Please follow the link to receive a free quote, and an exclusive 5% discount for Dogwood Pet Hospital clients.
- Trupanion Pet Insurance. One plan – no confusing plan choices
- 90% Coverage after your chosen deductible
- Premium discount for pets eating therapeutic diets – helps with the cost of special pet food
- No limits on reimbursements to you for any specific condition
- Hereditary conditions covered!
Pet insurance companies are beginning to offer the pet owner more of an ability to customize their coverage by allowing them to choose their own level of deductible or co-insurance. This allows the pet owner to control their monthly premium and choose the level of coverage that suits them the best.
Some of the differences in insurance coverage are:
- Whether congenital and hereditary conditions (like hip dysplasia, heart defects, eye cataracts or diabetes) are covered;
- How the reimbursement is calculated (based on the actual vet bill, a benefit schedule or usual and customary rates);
- Whether the deductible is on a per-incident or an annual basis;
- Whether there are any limits or caps applied (per incident, per year, age or over the pet’s lifetime); and
- Whether there is an annual contract that determines anything diagnosed in the previous year of coverage is considered pre-existing the next year.
There are many companies offering pet insurance, so do your homework. One great comparison site is Pet Insurance Review. Make sure when you look into pet insurance, you ask about breed-specific exclusions, reimbursement limits, reimbursement processing time, and wellness coverage options.