You protect yourself and your loved ones with medical and life insurance. You protect your personal property with homeowners’ and auto insurance. Why not protect your beloved pet with insurance customized specifically for them? If you own a dog or cat, it is inevitable that you will have to take them to a veterinarian. Like humans, your pet can get hurt or sick at any time without any warning. Just to give you an idea of how costly these vet bills can be… an ear infection in a dog can cost you around $5,000 for treatment.
Pet health insurance policies can be compared to human health insurance policies. They include annual premiums, deductibles, co-pays and limit caps. The cost of coverage is generally based on the animal’s age, health profile and the level of care the owner chooses to purchase. There may be exclusions for pre-existing conditions, and some will decline coverage to certain breeds such as German Shepherds and setters, which are prone to hereditary conditions such as hip dysplasia.
Most companies will begin insuring a pet at 6-8 weeks old. Some companies have age limits, others do not. It is important to read over the policy details before enrolling your pet to ensure you’re receiving the right coverage. Companies will usually allow additional pets to be covered at a reduced rate after the first pet is enrolled. Once your pet is enrolled, some companies will guarantee protection for the life of your pet, as long as you renew with the company each year.
Coverage works like this:
- You pay your vet up front.
- You file a claim with your insurance company.
- Your insurance company reimburses you based on your policy conditions. Be sure to read over your policy so you know how much money to expect back and when.
There are three types of pet health coverage available under a traditional pet insurance policy.
- Basic Coverage:
This coverage provides reimbursements for accidental injuries and illnesses only. It will not cover the vet exam or routine care. A typical policy may include a cap on reimbursements per accident or illness, and a cap on total reimbursements per policy term.
- Comprehensive Coverage:
This coverage is more costly than basic coverage but will cover more things including office visits, prescriptions, diagnostic tests, and lab fees.
- Pet Well Care Protection (Wellness Protection):
This type of coverage reimburses for preventive care including physical exams, flea and heartworm prevention, and vaccinations. This coverage is usually purchased in excess of a basic pet health plan. Some companies even offer Pet Owner Assistance Packages that will help cover you and your pet for some non-medical expenses.
Call Mitchell and Mitchell today at 888-512-8878 to protect your pet for life!