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      May 27, 2017

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What You Should Expect From Pet Insurance

What You Should Know Before Buying Pet Insurance

Why Has Pet Insurance Become So Popular?

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Why Veterinarians Appreciate Pet Insurance

 

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What You Should Expect From Pet Insurance

Owning a pet can be a very rewarding experience. For most people, their pets are more than just furry companions – they are members of the family.

Like any other family member, pets can be expensive to maintain, especially as they age. Like human beings, older pets are prone to certain diseases, including diabetes and heart disease. Medical procedures and interventions for these services can be quite costly, and pet owners can find themselves racking up thousands of dollars at the veterinarian to keep their pets healthy.

Now there is a solution beyond unnecessary euthanasia – pet health insurance.

The first official pet healthcare policy was sold in Britain in 1947. Britain trails only Sweden in the number of pet owners who provide insurance for their pets. Dogs are the most-insured pet, followed by cats and small exotic animals. While it is sold under the name “healthcare insurance,” pet health insurance is actually under the property insurance umbrella. According to insurance laws, pets are seen as property, so the insurance policy which covers them is similar to that for any other property owned by an individual.

But what should you expect from pet insurance?

  • Affordability. The most important factor in purchasing a health insurance policy for your pet is affordability. Pet owners are more likely to purchase the coverage if it fits within their monthly budget. Policies range from as low as $15 a month to $75 a month or more. As with insurance policies for people, more costly plans tend to offer more bells and whistles when it comes to coverage.
  • Coverage Length. There are two kinds of insurance policies for pets: lifetime and non-lifetime coverage. Lifetime coverage policies are designed to provide coverage for the pet without limitations. Non-lifetime policies must be renewed annually, and with most plans in this category, any health condition for which a claim was filed in the previous year will automatically be placed on the list of non-covered procedures/conditions for the following year. Lifetime policies are designed to continue to provide coverage for any condition for which the pet has received veterinary care.
  • Coverage Type. When pet insurance policies first came onto the scene, most did not cover preventative care for pets, such as annual exams, vaccinations and spaying/neutering. Within the last couple of years, however, pet insurance companies in Canada, the United States and the United Kingdom have begun to include routine preventative healthcare coverage in their plans.
  • Limitations. As with human health insurance plans, many plans for pets exclude pre-existing conditions. Even companies which cover pre-existing conditions generally place exclusions on how much will be covered and how often. It is best to research this if you have a pet that already suffers from a health condition which will require extensive monitoring.

As with health insurance policies for humans, those which cover our furry friends come with a variety of benefits. More expensive plans will cover more services at a higher coverage rate, while the majority of inexpensive plans contain coverage exclusions for select services. Before choosing any policy, do your research: ask for customer recommendations, compare coverage and cost factors, and seek out information from the veterinarian who provides health services to your pet.

Pet Insurance Increasing in Popularity

DULUTH, Minn. - Health insurance has been a hot topic for months now as lawmakers look to improve our healthcare system. But, what about our furry friends? We often forget about the possibilities of dreaded medical bills when taking our pets to the ...

Published:  Wed, 24 May 2017 09:12:00 GMT



10 ways to avoid pet insurance claims this summer

Wait, the dog park? Well, your canine companions want to be outside at least as much as you do, and probably more. But before you grab the leash and the water dish, you should bear in mind that summer carries hazards not just for human weekend sports ...

Published:  Wed, 24 May 2017 10:37:00 GMT



Pet Insurance: Is It Important and Worthy the Value?

Do you have a pet at home? Did you ever consider having it insured? Some pet owners want to pay much for their pets. However, do you think that pet insurance is worth it? Imagine that your pet is in emergency and you have to pay much for surgery.

Published:  Sat, 20 May 2017 11:32:00 GMT



Pet insurance can be a minefield - expert tips to make sure you buy the right policy

If there's one subject that people are the most passionate about, it's pets. Over the years I've helped sort out problems with depressed chameleons, wonky Labradors and even a sheep with a skin condition. But it never ceases to amaze me how varied and ...

Published:  Sat, 20 May 2017 22:10:00 GMT



Pet Insurance Market Share Worldwide Industry Statistics, Growth, Trends, Opportunities & Forecast up to 2022

Global Pet Insurance Industry Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors ...

Published:  Thu, 25 May 2017 00:41:00 GMT



Britain's largest pet insurance firm Petplan is accused of fueling barbaric puppy-farming trade by giving 'trusted breeders' status to unscrupulous dealers without doing any checks

Britain's largest pet insurance company has been accused of fuelling the barbaric puppy-farming trade by awarding unscrupulous dealers the status of "˜trusted breeders' without performing even basic checks. Dealers who keep puppies in squalid ...

Published:  Sat, 20 May 2017 15:09:00 GMT



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