Your Guide To Pet Insurance

There are few things in life quite as precious as our pets. Our animal companions bring us so much joy, love, and wonder over the years they spend with us. With the special bond that animals bring into our lives, it’s no wonder that we have a tendency to give our love to them unconditionally and in fullness. Some people even treat their pets as if they’re their own children, spoiling them tail over paw.

Of course, you can’t blame them, pets are very special, and can often offer us emotional support in addition to the love and affection we need on a daily basis. This is also why pet insurance is so important for so many people.

Pet ownership is a big responsibility as you’re charged with caring for the life of another. Making sure you find a pet insurance plan that fits you and your furry-friend’s needs is vital in keeping them happy and healthy, and providing them with the best life possible.

If you don’t know where to start with pet insurance, you’re in the perfect place, as this guide will take you through all the basics you need to know.


What is Pet Insurance?

Firstly, you may have never even heard of pet insurance before. That’s okay, don’t feel embarrassed, you likely wouldn’t have heard of pet insurance until the first time you needed it. This is something that many first-time pet-owners have to learn about as they journey into pet ownership.

Pet insurance is just like any other health insurance plan, only it specifically covers your pets health needs and veterinarian costs. There are a wide variety of pet insurance plans out there on the market, and each is a little bit unique in what it offers as far as protections for you and your furry-friend.


Important Coverages

In choosing any insurance plan, you’ll always want to start by reviewing the coverages offered and the costs involved. For now, though, let’s focus on some of the important coverages that should be included in your pet insurance plan.

There are several varieties of pet insurance plans and the consumer options available are expanding each and every year. That being said, the large majority of insured pets are dogs and cats.

The three main types of insurance coverages a plan can offer are accident, illness, and wellness. Accident and illness coverage should be relatively self-explanatory, while wellness coverage is sometimes also known as preventative care.

Wellness coverage offers pet owners assistance with things like flea and tick prevention, vaccination, and other tests. However, this is only the case if wellness coverage is specifically offered by the plan.


Comparing Plans

Understanding that different pet insurance plans come with different coverages is going to be vital when you eventually get to the comparison stage in the shopping journey. This is undoubtedly the best way to determine which pet insurance plan will be right for you and the needs of your little furry-friend.

By comparing plans you’ll be able to see where gaps in coverage exist, and you’ll be able to choose a plan that’s right for your lifestyle.


The Pricing 

The next factor to consider is the pet insurance cost. This is important because it will impact your monthly budget. The lowest costs reported for some basic pet insurance is around $10/month while some policies can reach over $100/month. This really depends on the nature of the policy and how much coverage is offered.

On average, most pet owners pay between $30 and $50/month for their pet insurance policy. It’s also important to note that certain pet insurance policies will have deductibles and limits, just like any other health insurance policy.


Other Considerations

There is a lot to consider when it comes to choosing the pet insurance policy that will best suit the needs of you and your furry-little-four-legged-friend. From the price of the policy itself, to the amount you’ll have to pay as a deductible or premium, to how much coverage the policy actually offers.

Not only that, but the pet you’re purchasing the plan for should be taken into account as well. Certain breeds of dogsand cats come with specific hereditary issues that can be worked into a pet insurance plan.

Most importantly, it’s crucial that the purchasing pet-owner reads and familiarizes themselves with the fine-print of the policy so they understand exactly what services they’re receiving.


A few Final Thoughts

Nothing in life quite compares to the love we get from our animal companions. In order to keep your pet happy and healthy for years and years to come, you should seriously consider purchasing a pet insurance policy that will cover their health-needs and offer you some peace of mind.

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