Pet owners all over the world are always debating on whether or not they should have pet insurance. The questions runs through their mind, “why buy pet insurance?” The main reason for pet insurance is that it provides financial support for your pet’s veterinary needs. Everyone wants their pet to stay around, and pet insurance will help you keep them longer. The following are three reasons why you need pet insurance:
3 Reasons for Pet Insurance
1. Preventive Maintenance
Just as with humans, pets do need preventive maintenance. That means that your pet needs its annual check ups, yearly shots, teeth cleaning, and routine blood tests that are essential for your pet’s continued good health. Pet insurance can help cover those preventive yearly costs.
2. Recurring and or Chronic Illnesses
Pets can and do grow ill, and not just from old age. They develop many conditions that humans do, such as cancer, diabetes, and other treatable illnesses. Pets can survive many years with such conditions, assuming that they have the medication and treatments they need. Having pet insurance helps to defray those costs of continuing care.
3. Cost Savings
Having pet insurance makes it more likely that you will take your pet to the vet for the care it needs and deserves. Proper vet care can be expensive. Pet insurance helps you budget the costs of that care for your pet.
Pet Insurance Coverage
Just as with health insurance, pet insurance coverage can vary from one provider to another, so it’s important to compare rates and services covered. Pet insurance is available for cats and dogs; whether it extends to other household pets depends upon the particular insurance company.
In addition to an annual premium for the insurance, there is usually a deductible and/or a co-payment to be made, so make sure you understand what the particular insurance company offers and what terms you have to meet in order to for that coverage to kick in.
Most, if not all, pet insurance policies are reimbursement policies. That means that you have to pay the vet bill yourself. The vet does not bill the insurance company for payment.
You then submit a claim form to the pet insurance company with a copy of the itemized bill. The pet insurance company will then review the bill and pay according to what the pet insurance plan provides. The pet insurer will either issue a check to you or explain why there is no reimbursement, as when the deductible has not yet been met.
When should I buy pet insurance?
Just as health insurance rates are lower for younger and healthier humans, the same applies for your pet. If you wait to buy pet insurance until your pet is older and/or has a pre-existing condition, coverage may not be available at all, or, if it is, it will usually be at higher rates, and even possibly with an exclusion for that pre-existing condition.
So, as with any other insurance policy, the best time to buy a pet insurance policy is when it’s not needed. It will be there when you do need it.
Don’t Be Without It
Pet insurance allows your pet to have the best life possible. You want to make sure that your pet’s vet needs are taken care of without worrying whether you can pay. Pet insurance helps you secure the health of your pet and helps you provide the best care you can.
Author Bio: Natalie is a freelance writer for websites that can compare everything from pet insurance to car insurance quotes. She has a chocolate lab and is always trying to make sure he is properly covered. She also covers her car in a way to protect it on her veterinarian trips. When she isn’t insuring the world, you can find Natalie cuddling on her big bean bag working on her newest book!