How to compare pet insurance companies

When it comes to financial products and services, it almost always pays to shop around first. This can range from looking for a new one life insurance Principle of discovery Best Home Equity Loans to secure Maximum rate on your savings account. This approach also applies to some other, lesser-known financial products. Pet insurance Such a service.

Pet insurance can be valuable for several reasons. instead of A minimum fee to one provider per month (this is often discount If paid annually), owners can secure coverage for Veterinarian visit, treatments, drugs and some procedures. Depending on the provider and policy selected, owners can get reimbursed up to 90% of the costs they would normally pay out-of-pocket.

It’s wise to compare pet insurance companies to reach that reimbursement level – and find the one that’s best for you and your furry friend. Below, we’ve listed four items you should use as a starting point. By completing an accurate, apples-to-apples comparison, you will be able to find the best pet insurance for your pet.

Get started now by getting a free price quote from Spot Pet Insurance here.

How to compare pet insurance companies

Ready to start shopping for pet insurance? When reviewing companies, make sure to read the fine print. Specifically, you’ll want to know all about the following:

Their reimbursement percentage

Pet insurance does not work like health insurance for humans. When you bring your dog or cat to the vet, you still have to pay for the services provided that day. Once back home, you can file a claim and get compensation For what you spend.

However, how much you will be reimbursed depends on the provider and Type of policy You have a choice, so be sure to ask about this from every pet insurance company you talk to. If a policy with one company charges less but pays you a smaller percentage than another company, you’ll know why.

Get a free pet insurance quote here now and see what you qualify for.

Their pre-existing condition policy

Most pet insurance companies will not cover any Pre-existing medical conditions Your pet is suffering. That doesn’t mean they won’t offer coverage after those conditions are cured. That said, a full cure varies by provider’s definition of pre-existing medical conditions, such as the specific conditions they consider pre-existing, to begin with.

If you have a youngster the puppy or the kitten, you don’t have to worry about this when you apply. But if you are a old dog Or cats, be sure to ask before signing on the dotted line. You don’t want to get stuck paying for a policy you can’t use.

their waiting period

it is It is not a good idea to wait until your pet is sick To get pet insurance, namely for mandatory reasons waiting period Pet insurance providers apply. This is the time period between the approval of your application and the date your coverage begins. You cannot use your policy during this period.

Accordingly, make sure you know exactly when this period begins and ends. Although pet insurance companies have similar waiting periods, they may not be exactly the same.

Their benefits and additional coverage options

While most pet insurance companies offer similar services for similar costs, some may have additional benefits and their competitors do not offer additional coverage. For example, you could potentially secure coverage for amazing thing Such as treatment for separation anxiety or alternative medicine. Granted, this may be too much coverage for some owners, but other owners may find it worthwhile. Either way, it doesn’t hurt to ask.

Bottom line

Pet insurance is a smart and effective way To protect both your pet and your bank account. With so many attractive pet insurance options on the market today, it pays to do your due diligence and thoroughly research all of your options.

When comparing pet insurance companies, look specifically at their reimbursement percentages and pre-existing condition policies. Also be sure of their exact waiting schedule and any additional benefits or coverage options that may differentiate their company from their competitors.