Pet insurance covers veterinary costs if your pet falls ill or is injured in an accident. Under certain circumstances, it will pay if your pet dies or has been lost or stolen. It does not cover veterinary treatment like vaccination and neutering. Pet insurance generally covers dogs and cats, although special insurance is available for horses. The coverage provided differs from company to company.
Before buying pet insurance, what type of coverage you want, and the risks you want the policy to cover. Extras and options to consider include:
- An emergency pet boarding allowance if you have to travel at short notice
- Insurance to cover your cancelled vacation, if the pet falls ill
- Payment for advertising the loss of pet
- Death coverage, whether through illness or accident
Getting the best deal is the trickiest part. A wide range of pet insurance policies and deals are available. Here's how you can get the best pet insurance deals:
- Understand the risks the policy covers and compare deals to see what the insurance does not cover. As part of your policy comparison, check deductions, surcharges, exclusions, and caps.
- Understand the risks the policy covers and shop for add-ins you want. Negotiate lower rates based on care, pet health, and multiple policies.
- Check to see whether the insurance company is licensed by your state to write pet insurance policies.
- Find how the insurance company calculates reimbursement payments when you file a claim.
- Ask whether you have the freedom to choose the vet you want. Some insurance companies may want you to use only vets within their network.
The policy should also give the vet adequate freedom to decide on your pet's treatment. Its terms should not interfere with or constrict this freedom.
© Newsmax. All rights reserved.