Things to Look Out for when Choosing an Insurance Policy for your Pet
Although it is good to think that insurance companies offering do insurance are in the business for animals since they care about the health and safety of your pet, the fact is that they are big businesses that look to make big bucks. This is the reason pet insurance policies can be troublesome. You are likely to make a claim only to know that you failed to know about some loopholes or clauses and you end up paying the vet bill using your own money. But if you ensure that you know what exactly to watch for, you won’t end up facing issues with your dog insurance claims. Here are some pointers to help in finding the best pet insurance.
A number of pet insurance coverage work on yearly basis. This can be risky especially if your pet suffers an illness or gets an injury which requires continuous treatment. Following the expiration of the annual policy, if you choose to insure your dog again, his condition will be considered pre-existing and the new policy may not cover it.
Per Year or Per Condition?
Know if the policy pays outs a fixed amount for every condition or enables you a specific amount every year. It is possible for a policy to pay out for every condition and when your pet gets seriously sick which require regular vet treatment, if you fail to hit the $10,000 mark, this would be it. The insurer would not pay out more for veterinary fees associated with such condition. But, if your insurer pays as much as $10,000 every year, your dog would get continuous cover as long as your policy is active.
Think About the Deductible
Deductibles refer to the amount you need to pay toward the vet bill of your pet before your insurer will fork cash over. Ensure that you know the deductible for your specific policy and budget for this for vet emergencies. Insurance policies that have a big deductible can be more affordable than policies with small deductibles. Focus on weighing the pros and cons and decide if you choose a big deductible that have low monthly payments or the other way around that has expensive monthly payments.
Check for Limitations
It is common for insurance policies to have some restrictions. For example, a number of insurance companies will not pay out for older dog treatments while others do not include particular breeds that they consider high risk or dangerous. Your pet may not be covered if you use it for breeding or it is a working dog. Ensure that you know all the limitations that can impact your pet’s coverage.
Routine Vet Checks
The majority of pet insurance policies come with some kind of clause that states you need to keep your pet routinely checked and treated like having health checks, vaccinations, tooth cleaning and dental checks. Failing to follow the clause can have your policy becoming invalidated.