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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?

Why Pet Insurance Is Easier Than You Think

Why Veterinarians Appreciate Pet Insurance

 

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What You Should Know Before Buying Pet Insurance

Pet owners have a special affection for their furry companions. Oftentimes, they think of them not only as pets, but as members of their families. As such, they want to ensure their pets live long, happy and healthy lives.

One of the best ways to make sure your pet stays in tip-top condition is to purchase a pet insurance plan.

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 insurance umbrella for property. 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.

There are a few things you should know before buying pet insurance.

First and foremost is cost. Pet insurance plans should provide the kind of coverage needed at a cost that is affordable. There are 10 companies that offer pet insurance plans within the United States. Of those companies, plans range in cost from $15 a month to $50 or more. Some plans require the holder to meet a deductible prior to paying claims, much as health insurance plans for humans. If in order to afford a monthly premium the client has to have a deductible that is too high to reasonably afford, then the insurance plan is not a good choice. Annual limits for covered services also create problems for clients who own pets with chronic health conditions. There are a few plans that do not have annual limits, so it may be best to choose one of those plans if your pet will need continual care.

Another issue to consider is the way the pet insurance company handles veterinary cost reimbursements. Some insurers do not cover veterinarian exam charges, and restrict the reimbursement amount to a set amount per diagnosis.

For most pet owners, regular wellness exams, vaccinations and routine preventative health care are the most common procedures their pet undergoes. However, several of the pet insurance companies on the U.S. market do not include coverage for these routine services, leaving the customer to pay for a monthly insurance premium, as well as routine veterinarian care. In these instances, the insurance plan is not worth the monthly cost to the pet owner.

Another important factor in choosing a plan that is right for you is what the customer is required to do in order to have covered services paid for by the insurance plan. Some plans allow the veterinarian to bill them directly, much as human health insurance companies do, while others require the policyholder to pay the costs up front and then submit the receipts for reimbursement. Some customers of companies which require up-front payment have complained that it is difficult to have those costs reimbursed by the insurance plan later. So if guaranteeing that the costs will be covered is important, it is best to choose a plan that has a guaranteed coverage percentage plan.

Pet owners in the U.S. spend roughly $12 billion dollars annually for veterinarian care for their pets. This number is only expected to increase as more advanced medications become available to our pets. Choose a plan that best suits your needs and those of your pet to ensure a pleasant experience.

New study: Pet insurance market forecast to 2019

This study provides pet insurance market analysis of size, share, trends, value, volume, country coverage, leading players (Allianz Group, Anicom Holdings, Pethealth Inc., Veterinary Pet Insurance (VPI)) market dynamics, competitive landscape and leading ...

Published:  Tue, 19 Sep 2017 01:00:00 GMT



Renters, You May Need Pet Insurance for Your Four-Legged Friend

Having a dog is great. Renting with a dog Not so much. When you find a rental that accepts pets, you will probably have to pay a pet deposit, and if you own a large dog, you might have to introduce your pooch to your prospective landlord to show she's ...

Published:  Mon, 18 Sep 2017 06:37:00 GMT



Arkansas woman admits to spending public money on pug tuxedo, pet insurance and more

A former administrative assistant to an Arkansas county official pleaded guilty Monday to using public money to buy personal items - including a tuxedo for her pet pug. Kristi Goss, 44, was slated for trial this week but pleaded guilty to fraudulent use ...

Published:  Wed, 13 Sep 2017 14:30:00 GMT



I ️ My Pet: Dale Earnhardt Jr.'s Dogs Love Car Rides as Much as He Does

My friends at Nationwide®, the first and largest provider of pet health insurance in the U.S., offer these tips to ensure the safest ride with your furry, four-legged friends. Courtesy Nationwide Based on more than 1.5 million pet insurance claims ...

Published:  Wed, 20 Sep 2017 08:52:00 GMT



Would you remain in a bad relationship to stay with your pet

Well, a recent study from MORE TH>N pet insurance has revealed that one of the number one reasons most people stay in a bad relationships is for the love of their shared pet. We know, we welled up too. Yes, the study found that the number one reason ...

Published:  Wed, 20 Sep 2017 07:26:00 GMT



Pet insurance policy documents are a dog's dinner: read them carefully or risk being underinsured

Owning a pet is an expensive business - or so I'm told (I don't have any myself). Apparently, the cost of looking after a dog can run to upwards of £1,000 a year, and cats aren't an awful lot cheaper. If you get a pet, you might well think to ...

Published:  Fri, 15 Sep 2017 23:01:26 GMT



Stay Together for the Pet

John Ellenger, head of pet insurance at MORE TH>N said: "It is true that our beloved pets have never played a more important role in our day-to-day lives. As our study reveals, a number of pet owners will remain in a relationship with a partner in order to ...

Published:  Wed, 13 Sep 2017 06:48:00 GMT



After the storm: keeping your pet safe after a hurricane

This affects pets too. From the immediate aftermath to long-term health concerns, Trupanion, Inc. (Nasdaq:TRUP), a leader in medical insurance for cats and dogs, offers a few things pet owners should be aware of after the hurricane. Environmental and ...

Published:  Fri, 08 Sep 2017 03:17:00 GMT



Introducing PetHero, Time Inc's new membership club for pet owners

PetHero is not pet insurance; it's an alternative to insurance. Unlike with pet insurance, with PetHero you'll see: "¢ No exclusions, meaning that very pet is eligible regardless of age, pre-existing conditions, or species. "¢ Coverage of all ...

Published:  Thu, 14 Sep 2017 10:32:00 GMT



Pet of the Week: Sebastian

A 24Petwatch microchip will be listed in the adopter's name and the adopter will receive 30 days pet insurance. If you are interested in seeing any of the pets up for adoption, visit the GA SPCA, located at 1175 Buford Hwy, Suite 109 in Suwanee ...

Published:  Sat, 09 Sep 2017 10:49:00 GMT



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