Pet insurance: Everything you need to know

Pet insurance can help reduce costs or cover them entirely. / Credit: LWA/Larry Williams/Blend Images/Getty Images

If you’ve ever had an injured or sick pet, then you know that vet bills can add up quickly.

Fortunately, pet insurance – a type of health insurance for cats and dogs – can help offset those costs or cover them entirely.

You can easily find a quote to see if this is right for you.

Do you have a furry friend and don’t want the herbal bills to dry out? Here’s what pet insurance does and how it can help.

How does pet insurance work?

Pet insurance is a type of health insurance that you can get for your cat or dog. Like personal health insurance, you pay a monthly premium and, in exchange, you get access to a variety of medical services, prescriptions and preventive measures.

These policies often work in return. Therefore, you will pay your veterinarian directly and submit the claim to your insurance later. They will then correct their demands and refund you the appropriate amount. Depending on your policy and support, it may be the full amount or a percentage of what you originally paid.

In some cases, pet insurance has a deductible. This means that you have to pay a certain amount out of pocket before you receive the service.

If this sounds like something that would benefit you, consider providing basic information get a free quote.

How much does pet insurance cost?

Pet insurance varies, but with most companies, you pay between $30 to $70 per month for a dog and $15 to $40 per month for a cat.

The actual price you pay will depend on a number of factors, including:

The type of animal you have Your pet’s breed and gender The age of your pet Where you live

The insurance company you choose is also important, so why is it important shop for pet insurance. Always compare a few words to make sure you’re getting the right content and coverage.

You can also get pet insurance through the insurance company you work with (the one that provides your car insurance, for example). Many companies offer discounts to customers with multiple lines of coverage.

What does pet insurance cover?

The need varies according to insurance and plans but, in general, pet insurance covers unexpected injuries and emergencies, as well as major things, such as surgery, for example.

Here’s what most insurance companies cover:

Accidents and injuries, such as broken bones, cuts or swallowed objects Diseases, including allergies, infections and diabetes Birth surgery and congenital diseases, such as hip, cherry eye or glaucoma. and tests, such as blood tests, MRIs and X-rays Fees for emergency tests Cancer treatment Certain medications and prescription foods.

Remember that all pet policy policies will have a limit – the maximum amount that the insurance policy will pay each year. You’ll want to keep this in mind when choosing your plan.

What pet insurance does not cover

Pet insurance usually doesn’t cover routine care, such as vaccinations, worm/flea preventatives or annual check-ups – maybe only. However, most insurers allow you to add coverage for these items at an additional cost.

Pet insurance usually does not cover pre-existing conditions. Therefore if your pet has a documented medical condition prior to taking the policy, any treatment related to it may not be eligible for reimbursement.

Types of pet insurance

There are many types of pet insurance plans. Some insurers offer accident-only policies, which only cover injuries and accidents, such as snakebites or taking dangerous drugs, for example. These tend to be the best budget options, as coverage is limited.

Companies often offer a comprehensive policy, which includes accidents and injuries, as well as tests, examinations, medications and other medical services that your veterinarian deems necessary.

Finally, many insurance policies also have regular care or a quality package that you can add as an add-on to your main policy. This will cover things like annual checkups, vaccinations, microchipping and more.

Have more questions? Consider reaching out to a pet insurance professional for more information.