If you have been thinking about pet insurance, you might want to consider that, as with people, not all insurance companies or policies are the same. Even the most expensive policies can fall short and those that are the least costly may never show a benefit. Pet insurance can help to cover the high veterinarian and medical costs, especially in emergency situations.
Pet insurance companies will not cover animals that have pre-existing conditions. This means that the best time to get the insurance is when your pet is young. Most will also not start a new policy for any pet that is ten years or older. Some will include exceptions to coverage for certain dog breeds that are known to have specific disorders. Be sure to look at all of the information contained in a policy.
Examine the various policies, as there are deductibles. The companies that offer the cheapest plans will forget to emphasize the importance of ‘caps’ that they may place on covering a condition or treatment. This is important in the case that your pet has a continuing medical problem. The best policies will cover a condition without a dollar ‘cap’.
Pet insurance coverage may offer the ability to bill your Veterinarian but very few vets will accommodate this. Typically, you pay the bill and submit it to the insurance company and wait for reimbursement of the covered percentage. Make a phone call to the pet insurance company and talk to a representative. Ask them how long the average reimbursement takes. In some cases, the insurance company will delay the process due to full medical reports from your vet. This is a game that some play, as they fax the request and the vets don’t receive it.
The average pet insurance policy will assist in covering your annual checkup. Some policies are designed for emergency situations only and while these typically cover larger dollar amounts, with few caps and for a duration of time, they won’t cover the annual checkups. Each policy level is different and has pros and cons for coverage. The most important aspects are deductibles, caps and duration of coverage per medical diagnosis.