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5 Ways to Get the Best Deal on Pet Insurance

Thursday, 13 Jan 2011 12:31 PM

Pet insurance pays the veterinary costs if your pet falls ill or is injured in an accident. Under certain circumstances, it pays you if your pet dies. It also pays you if your pet has been lost or stolen. It does not cover veterinary treatment like vaccination and neutering. Pet insurance generally means insuring dogs and cats. Some special insurance is also available for horses. The insurance cover provided differs from insurance company to insurance company.
Before you buy insurance for your pet, decide on the exact pet insurance coverage that you want (or the risks you want the pet insurance policy to cover). For example, you may want extras or options such as:
  • An emergency pet boarding allowance if you have to travel at short notice
  • Insurance to cover your canceled vacation if the pet falls ill
  • Payment for advertising the loss of pet
  • Death coverage, whether because of illness or accident

Getting the best deal is the trickiest part. A wide range of pet insurance policies and deals are available that come with important features and a number of bells and whistles. To get the best pet insurance deals:
  1. Before buying insurance for pets, understand the risks the pet insurance policy covers and make sure to compare pet insurance deals. Checking deductions, surcharges, exclusions, and caps as part of a pet insurance comparison will help you find the right insurance.
  2. Understand the risks the pet insurance policy covers and shop for the alternatives and add-ins for your pets’ best insurance that the policy may offer. Negotiate to get lower rates based on care, pet health, and  multiple policies.
  3. Ensure the insurance company is licensed by your state government to carry on a pet insurance business.
  4. Find how the insurance company calculates reimbursement payments when you put in a claim.
  5. Find whether you have the freedom to choose the vet you want. Some insurance companies may want you to approach only vets within their network.
In addition, the insurance policy should give the vet adequate freedom to decide on the treatment for your pet. The terms of the insurance policy should not interfere with or constrict this freedom. Your insurance company should not hamper the advantages you and your pet enjoy under the pet insurance policy coverage.

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