Purchasing any kind of insurance is something that most individuals put off doing because it often feels like money is being wasted. However, if you have ever experienced the heartbreak of having an extremely ill dog or cat, then you know how important it is to do anything that you can to help them. Determining pet insurance cost may enable you to get them the care that they need and also reduce the cost of any treatments necessary for accidents, illnesses, or disease.
What Is Pet Insurance?
It is possible to buy a pet insurance policy for dogs or cats so that you will not need to put off taking them to the vet simply because the price might be too high. Pet insurance policies works just like other medical or dental policies that you might have come with the same types of deductibles, maximum coverage, and waiting periods.
In most cases, there will be a short waiting period before you can use the insurance for accidents or illnesses, with a longer waiting period before you can seek cover treatment for more significant diseases. It is therefore important to buy pet insurance as early as you can so that your pet will always be covered. Therefore, it is.
How Much Does Pet Insurance Cost?
In comparison to the cost of your health insurance, pet insurance cost is extremely low. Obviously, your pet may not require the kind of high-priced health care that you would, but it is not unusual for owners of dogs and cats to pay tens of thousands of dollars for cancer treatments or to help animal recover from an accident. Pet insurance can help to significantly reduce the price of these treatments at any time during your animal’s life.
The pet insurance cost that you will pay will depend on whether you have a cat or a dog, the age of your pet, the breed, and the kind of coverage that you are looking for. Some of the more affordable plans can be purchased for less than one dollar per day and will provide you with a sense of relief, knowing that you can afford healthcare for your pet.
What Types Of Coverage Are Available?
Many consumers find that it is worth shopping around for pet insurance because the kind of policies that are offered are so varied. Some of the more affordable pet insurance plans will cover a certain percentage of reimbursement, usually from 70% to 100%. Obviously, the higher the level of reimbursement, the more the pet insurance cost will be.
Another factor to be considered is the annual coverage and lifetime coverage that is offered. Basic annual coverage ranging from $5000-$10,000 is usually found in the more affordable pet insurance plans, with a lifetime coverage of anywhere from $100,000-$150,000.
Most plans will also have an annual deductible that must be met before reimbursement will kick-in, and this can be as low as one dollars or as high as $1000 which can help you to save a lot of money on the price of the policy.
How Much Can You Save By Buying This?
Some pet owners still believe that pet insurance is somehow a waste of money since it is likely that you may never need to use it. But, recent studies show that pet owners who have pet insurance are far more likely to take their animals and for preventative appointments such as checkups and immunizations than pet owners who do not have insurance. So, not only does pet insurance help to save you money if there is an accident or illness, but it also helps to provide your pet with a happier and healthier life.
Is All Pet Insurance The Same?
In addition to the variation in pet insurance policy costs, it is important to note that working with a reputable company is important. After all, you will need to pay your vet at the time of treatment and then wait for reimbursement from the insurance company. Working with a pet insurance company that promises fair and rapid reimbursement is extremely important, particularly when you are looking at large veterinarian bills.
Can You Buy Pet Insurance For An Older Pet?
One misconception that many people have about insurance is that it needs to be purchased when a dog is still a puppy or a cat is still a kitten. Nothing could be further from the truth. Depending on the company that you are working with, it is almost always possible to still get pet insurance on older animals. Of course, the premium will be higher, but you may still be able to obtain a policy that provides you with a substantial amount of coverage.
In short, the question of how much does pet insurance cost is less important than finding a policy that will help to ensure that your pet always get the kind of health care that he or she needs and deserves.