1. Check for the type of coverage you seek – Some pet insurance companies provide for accident plans, other for illness and high end coverage that will cover more expensive surgeries. Premiums vary depending on the types of coverage you are looking for. You might want to select one or a combination of coverages that covers the nature of your pet the closest.

2. Budget – You should have a ballpark premium cost in mind which you would be willing to pay for the  insurance policy. The good thing is that there are many plans in the market to suit all budgets. You will not only have to know the monthly amount you can put aside for your pet but also the long term consequences of such investments. Paying low premiums may at times leave you out of cover for a large amount of incidents and make your policy redundant.

3. Select from multiple options – Carefully search the market for the best pet insurance deal for your pet that you can afford. Review all the policies that are on an insurance plan and select the one which is most suited for your pet. You know the peculiarities of your pet, so you should be the one to decide which insurer is best. Do not get carried away by sales talk.

4. Renewal terms – Some pet insurance companies treat an illness in a year and then classify the same as a pre-existing condition when the policy comes up for renewal. This means that pre-existing conditions will not be covered as part of claims – very similar to a human’s health insurance plan. You will not be getting any insurance benefit on it the time your pet contacts that illness again. So beware.

5. Insurer’s track record – Select an insurer with a proven track record of insuring pets. Check for any customer testimonials – positive and negative to decide. Read up on the insurance provider’s certifications and credentials before you commit to any pet policy for your precious pet.

6. Pet insurance network coverage – Some pet insurers want you to visit the vet who is in their network. This may not be feasible for you for various reasons. So check if your pet insurance plan is good enough to use at the vet you prefer to take your pet to.

7. The age at which you can insure your pet – Some insurance companies charge very high premiums for older pets and also do not cover many of the illnesses that you’re pet may have at that age. So it will be wise to check up on the pet insurance policy if you have an older pet.

So when getting ready to commit to providing your pet with health insurance a good rule of thumb is to treat it as it was health insurance for your self or another family member. A lot of the same rules apply for both pet and human insurance. Do your due diligence and protect your pet to the best of your ability.


Filed under: Best Pet Insurance

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