Good Deal or Rip Off? You Be the Judge

Guest Post by Susan Combs   Last Updated 06-10-2022

Depending upon your pet insurance plan, the medical costs of your pet may be partially
or totally covered.

The market of pet
industry is increasing. The first pet insurance was issued in 1890. Since then,
pets insurance is perceived as a safety net for protecting one’s animal friend
against any unforeseen event.

Visits to the veterinarian are costly. More than
half of the pet owners in the United States have opted for insurance for their
pets. However, many do not feel the need
of pet insurance.

Things You Should Know Before Buying

Before laying down your hard earned money, consider this:

Does It Have
Wellness Coverage?

Wellness is an important
care. You can include this in your insurance plan for just $10 a month.

What does it cost?

Before you invest in a plan, know how much money it is
going to pull out of your pocket. Unlimited plans usually cost more than
limited plans.

Is it All-inclusive?

Most providers cleverly exclude injury, exam fee, and illness payouts. Consider a plan
given by an experienced provider, with maximum benefits. carefully.

What does Pet Insurance Cover?

Your pets insurance must cover the following:

Treatment Costs

Your insurance should provide coverage of $500 or more.
Your policy provider may also ask for the treatment to be performed by a
specialized institute. Some health problems are more costly than others.  

Theft and Loss/
Death

Pets insurance covers the purchase price of the pet if
lost or stolen. For this you require a
proof of the price or else you may only get the ‘market value’ of the pet.

Liability Cover

This cover is only available for dogs. With this you can pay for any damage caused by your
dog that you are obliged to pay, by law.

Veterinary
Bills

This is the primary reason why people issue insurance.
Veterinary medicines are expensive and so are the treatments. Insurance policy
becomes a helping hand and covers all the costs, however, you are required to
check with your insurer how much and what is covered.

Why Should You Buy Pet Insurance?

Pets insurance provides benefit to nearly all pets
irrespective of the age or breed.

They can be taken out immediately after you
purchase your pet or years after your purchase. Moreover, it gives you mental
peace because with it you do not have to
worry about getting the best treatment for your pet.

An average insurance will
compensate up to 80% of the medical costs.

You can also insure
your other pets with the same insurance using the discounts and offers provided
by the insurer.

Insurance stops you from pulling out money from your emergency
funds. Furthermore, you are not required to make an additional pet savings account.

Why Insurance Could Be A Rip Off?

Pet insurance can be pricey, particularly if you are
living in metropolitan cities as the cost of treatment is higher in these
regions. Owners need to contemplate if mental peace is worth the policy cost.

Moreover, certain breeds cannot be
insured. If your vet does not come under the network of providers, you would
have to pay the costs from your pocket. Additionally, these insurances may not
repay for the routine care including vaccinations, exams or tests.

Should You Invest In Pets Insurance?

Owners with restricted finance may willingly opt for pets
insurance. However, if you are someone who has good funding, you may be better
off without a pet insurance. 

If you are ready to invest in pet insurance, do your homework as all plans are slightly different.  Compare several before making your final decision.

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