|
Pet insurance can also provide third party cover for any damage your pet cause to other people's property and cover other expenses such as emergency kenneling costs, theft, travel and even death. Pet insurance also provides you with peace of mind, knowing that your pet will always get the best possible medical treatment available.
On average one in every 3 pets require treatment from a vet each year following injury or illness and more than 50% of the visits to the vet are unplanned due to sudden illness or an accident. Treatment for broken legs, hip treatments, spinal injuries and internal complaints can quickly run into thousands of dollars, especially if medication or x-rays are required. There are also the unforeseen associated costs that may be incurred like holiday cancellations and court costs (you are liable if your dog causes an accident). All of these can add up quickly.
Many pet health insurance companies only cover dogs and cats as a rule. However, there are some companies that also provide cover for other animals such as reptiles, horses, exotic birds and rodents.
What Types Of Pet Insurance Policies Are There?
Generally pet insurance companies provide a variety of policies from the basic through to premium plans that provide cover for every aspect of your pet's medical care. You need to decide what level of care is right for your pet and then pick a plan that closely matches your requirements. As with other insurance policies, the higher the premium, the more cover that is provided.
It is important to look out for the following main points to see if they are covered in the pet insurance policy:
1. Cover for life or fixed term
2. Vet Fees
3. Death from illness
4. Accidental Damage
5. The policy excess
6. Dental treatment?
7. Third Party Liability & legal expenses
8. Death from accident, theft or straying
9. How much of the vet bills are covered. 70 - 100%
10. Emergency treatments, X-rays, lab fees etc
As with humans, some pet insurance companies require your pet to have a medical exam before any cover is provided. This is so the insurer can manage their risk and keep premiums down as they are not supplying cover for animals that are on deaths door and having to payout on an animal that are known to be dying. The insurance companies will often put a cap on the total amount they will pay on a policy either on any one type of illness or in any given year. If your pet has a pre-existing medical condition, you may struggle to find an insurance company that will provide cover.
The best way to save money on your pet insurance is to shop around and compare prices. Check at least three different insurance companies to compare pricing and terms to ensure you get the best deal.
|
