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All you Need to Know About Pet Insurance

Thursday, 20 Jan 2011 04:00 PM

Humans and animals share an amazing bond. Regardless of whether the pet is a dog, a cat, a horse or a bird, irrespective of its breed or size, it becomes an integral part of our daily lives.

When it comes to the wellbeing of our pets, today we have more choices than ever before. Veterinary pet insurance has now become a priority. Pet insurance not only covers recurring veterinary expenses, but also takes care of the costs when the pet is ill or has had an accident. Loss is also met if the pet is lost or stolen or even when the pet dies.
With veterinary treatment becoming increasingly expensive and pet owners becoming more attentive towards the welfare of their pets, the market for pet insurance has increased exponentially in recent years.

Here are five important tips that you should remember about pet insurance:
The Plan
It is essential to understand the terms and conditions of your pet insurance policy. The premium will be based on the breed and age of your pet and other pre-determined conditions. There is often a prerequisite on various types of treatment. Usually, dog insurance is the most popular among all pet insurance. So while selecting a plan for your pet, especially if it is a dog, various services can be availed in a "comprehensive policy." A comprehensive plan may cover visits, vaccinations, check-ups, spaying, accidents, illness, hospitalization, prescription medication, and so on. 
Choice of vets
Check out whether your current veterinary clinic is associated with pet insurance companies or not. Some pet insurance companies might offer you flexibility to choose your own veterinary clinic and others might have their own network.
Policy Limits
Maintenance and treatment of pets is a costly affair. Veterinary medications are becoming more and more sophisticated and expensive. You need to choose a policy that covers the true costs of unexpected illnesses and accidents. Further, you must ensure that you are getting competitive rates as your premium amount will increase every year.
Rules to claim pet insurance might vary with companies which makes it  important that you claim your pet insurance immediately. Save all your invoices for filing claims.
All pet insurance policies have a certain waiting period. Understand the terms regarding how long you have to wait for the disbursement and what conditions and services will be included or excluded in your pet insurance. Select a policy where you might get some discounts on your premium if you have multiple pet insurance policies.

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