Pet health insurance is the one which only provides you money for issues related to healthcare. It will not provide you money if your pet is missing or if it damages property. It is a simple process where you need to pay a deductible annually, and you can claim money when you need a large amount of money for your pet’s treatment. There are different organizations where you can get it done, and the rate varies from one to another. In some organizations, it starts from $19 per month.
Let us go through the things which pet insurance covers and the ones it does not cover.
A pet health insurance covers the following areas:-
• Vet Fees
• Surgery Costs
• Cancer treatments
• Medical Tests
• Alternative Treatments like homeopathy
• Oral Treatments
The areas which are not covered by pet insurance include:-
• Pre-existing Diseases
• Vitamins and Supplements
What is the process involved?
To get a pet insurance done, you need to choose an organization first. You need to fill up a form specifying your personal details and details regarding the pet. They will discuss the policy and its terms with you. If there are multiple policies available, you can choose from them according to your convenience.
Here are some of the standard policies:-
• Lifetime Insurance: – In, this type of insurance, you are offered a payment every year. You can renew the policy and the amount then gets regenerated.
• Limited-time Insurance: – Here, the amount you can get can be covered within a certain period. After that time is over, there will be no value to your insurance.
• Maximum-amount Insurance: – Here, an amount is specified which you can get for the coverage of the bills. There is no time limit, you can avail it anytime, but you will not get more than the specified amount.
• Accident-only Insurance: – This type of insurance is valid only for accidents that your pet might come across.
Benefits of getting a pet insurance done:-
By getting a pet insurance done, you get a significant amount of money paid against your veterinary bill by paying a lesser amount on a monthly basis. So, it is more economical. Also, during times of emergency or accidents, it is not easy to arrange for a huge sum of money. If you have a pet insurance done, it becomes easier for you to arrange it since most organizations bear about 80% of the total expenses (depending on certain conditions). It gives you a sense of relief and satisfaction and proves your responsibility as a pet owner.
Apart from covering the serious diseases, a pet insurance also provides money for routine wellness care. If the conditions recur, they pay your bills, and you don’t need to pay any additional costs for this.
After you get the insurance done, you can go to any vet of your choice. You can also go to specialists, physiotherapists, or medical stores. It does not matter for the companies where you are going. They are ready to pay the bills based on certain criteria.
The difference between a pet insurance company and HMO
A pet insurance company allows you to go any vet or hospital of your choice, unlike HMO where particular hospitals or medical centers are specified.
A pet health insurance can be sub-divided into dog insurance and cat insurance. The coverage is almost similar in both the cases. These are the two general categories which people prefer for insuring their pets. However, there are also provisions for insuring birds like parrot or birds of prey and also other mammals apart from cat and dog. Reptiles and some exotic species can also be insured.
There are manifold advantages of getting a pet health insurance done. Just choose the plan that is ideal for you and you will be relieved of the tension of sponsoring your pet’s health treatment costs.