What are the benefits of having pet insurance?
Pet Insurance Basics
Pet insurance helps cover the cost of medical care for your beloved pet if they suffer from an illness or injury. It’s becoming increasingly popular as pets become a major part of many families, providing a measure of financial security against the cost of medical care.
Types of Pet Insurance
There are two primary types of pet insurance:
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Accident & Illness Insurance – covers the costs associated with accidents and illnesses, including medications, hospitalization and surgery.
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Routine Care Insurance – covers the costs associated with preventative care such as vaccinations, routine checkups, and dental cleanings.
Coverage & Cost
Each policy is different and coverage and cost vary. It’s important to do research and compare policies to find the one that best fits the needs of you and your pet. Some of the things to consider include:
- Age and breed of your pet
- Coverages and limits of your plan
- Deductible, co-pay, and co-insurance amounts
- Lifetime vs. annual maximums
- Waiting period before plan begins
Why Get Pet Insurance?
Having pet insurance can provide you with peace of mind in knowing that if your pet gets sick or injured, you are partially covered for the costs. Generally speaking, it can also help relieve the financial stress that comes with veterinarian bills. Furthermore, since coverage differs greatly, you can tailor your plan to meet your individual needs and budget.
Overall, pet insurance is a wise investment for pet owners. With the right coverage, you can get the most bang for your buck and protect the well-being of your companion. You’ll be prepared to face any medical costs that may come up without breaking your bank.