Do you need pet insurance? Well, if you have a cat that will remain indoors and only needs a yearly check, then you may not need pet insurance. If you have an outdoor cat or a dog with health conditions, pet insurance may be of interest to you.
Pet insurance is to help you cover the bills when your pet becomes ill, or your pet has an injury. You need to consider four main things when you are shopping for pet insurance.
The first thing to consider is coverage. Your pet insurance policy should cover tests, surgery, emergency care, and prescription medication. It should also cover illness, chronic conditions, and hospitalization.
The second thing to consider is the benefit limits. If a pet insurance plan has unlimited benefits, they will cover your pet for their whole life. If it has a cap, they will cover your pet only for a certain amount of money.
The third thing to consider is the deductible. A deductible is the amount of money you pay out of pocket before your insurance plan kicks in. You can save money in the short run by selecting a higher deductible, but this may cost you more in the long run.
The last thing to consider is the reimbursement amount. Determine how much the plan will reimburse you for the cost of a vet bill. The average reimbursement is between 70 to 90% for most pet insurance plans.
Pet insurance can save you money and hassles. Shop around to determine which one is best for your budget and your pet’s needs. Keep in mind that better coverage and benefits will make policy more expensive – but may be worth it in the long run.