Don’t be put off by the cost of pet insuranceYou may need a dog or cat in an emergency. Vet bills can add up quickly when your pet has an injury or illness — but pet insurance can help offset or even cover those costs entirely.
Like human health insurance, you pay a monthly premium and, in return, get coverage for a variety of treatments, prescriptions, and sometimes preventative measures.
don’t wait Regardless of the breed, gender or age of your pet, added protection is important. And there’s more. Prices vary so compare quotes and see which company best fits your needs
Do you have a furry friend and you don’t want that vet bill to dry up? Here’s how pet insurance can help.
How much does pet insurance cost?
With most pet insurance providers, you’ll pay between $30 and $70 per month for a dog and between $15 and $40 per month for a cat. The exact price you will pay depends on a numberincluding:
- type of animal
- caste and gender
- Age of pet
The insurance company you choose is also important, so it’s important to shop around when getting pet insurance. Always compare at least a few quotes to ensure you are getting the best deal and coverage.
You may also be able to get pet insurance through an existing insurance company you work with (the one that provides your car insurance, for example). Many companies offer discounts to consumers with multiple coverage lines.
there. Here are two important tips:
- Talk to your vet. While they won’t directly affect your rate or coverage they can help advise you on plans that benefit your dog or cat. Tailor your policy accordingly so you don’t end up paying for coverage you don’t need.
- Get an accident-only policy. An accident-only policy is exactly what it sounds like – coverage for accidents only. While this baseline coverage won’t be comprehensive (it won’t cover drugs, for example) it may be enough for your needs. And it won’t break the bank.
A pet insurance expert can help you create an affordable and reliable plan.
How does pet insurance work?
Pet insurance policies usually work on a reimbursement basis. So, you would pay your vet directly and then file a claim with your insurer. They will then process that claim and reimburse you for the appropriate amount. Depending on your policy and treatment, this may be the full amount or a percentage of what you were originally charged.
In some cases, these policies have a deductible. This means you have to pay a certain amount out of pocket before your insurer will contribute.
If this sounds like something that could benefit, consider providing some basic information to receive a free price quote.
What does pet insurance cover?
Does not fall for anything. Pet insurance has many benefits, although coverage varies based on insurer and plan. Generally, pet insurance covers unexpected injuries and emergencies as well as major items like surgery.
Here’s what most insurance companies cover:
- Accidents and injuries, such as broken bones, cuts or swallowed objects
- Illnesses including allergies, infections and diabetes
- Treatment for hereditary and congenital conditions, such as hip dysplasia, cherry eye or glaucoma
- Treatment for behavioral problems including pacing, chewing or licking
- Alternative therapies, such as acupuncture or chiropractic care
- Tests and diagnostics, such as blood tests, MRIs and X-rays
- Urgent examination fee
- Cancer treatment
- Certain medications and prescription foods
Note that all pet policy plans will have coverage limits — the insurer will contribute a maximum amount annually. You’ll want to keep these in mind when choosing your policy.
Pet insurance usually doesn’t include routine care, such as vaccinations, heartworm/flea preventatives or annual check-ups – at least not automatically. However, many insurers allow you to add coverage for these items for an additional fee.
Pet insurance usually won’t cover pre-existing conditions. So if your pet has a documented condition prior to taking out your policy, any treatment related to it will not be eligible for reimbursement.
Types of pet insurance
There are many types of pet insurance plans.
- Comprehensive plan: Companies usually offer a comprehensive plan, which includes coverage for accidents and injuries as well as tests, diagnostics, medications and other treatments your veterinarian deems necessary.
- Accident Only Plan: Some insurers offer accident-only plans, which only cover injuries and treatment for accidents, such as snake bites or ingestion of poisonous substances. These tend to be the most budget-friendly options as coverage is limited.
- Routine Care or Wellness Plan (Add-on): You can add routine care or wellness packages to supplement your basic policy. This will cover annual check-ups, vaccinations, microchipping and more.
Have more questions? Consider contacting a pet insurance expert to learn more.