auto, health, life and now PET insurance! Although it's been
around for some time, pet insurance is now becoming more common
in the US marketplace. This years poisoned food scare has really
shown how vulnerable our pets are to illness and disease. With
all the advances in veterinary medicine and resulting expense
the health care of a loved pet can be as expensive as a child
these days. With a comprehensive pet insurance plan in place
you can base life changing treatment decisions on your pet's
health rather than the costs.
for pets is available from a wide variety of sources with many
available coverage options and plans. Just like your health
insurance you can purchase coverage for almost any level of
protection you choose. There are plans for basic sickness or
injury expenses, deluxe plans to cover nearly every type illness,
accident or injury and even routine care and examination plans.
The market has become so popular and competitive that some
plans even cover dental work, chiropractic care and acupuncture
of pets covered can be as wide as today's pet market. Dog and
cat insurance coverage remain the basis of most companies plans,
with many companies now offering Bird and Exotic Pet plans
as well. So if you want to insure that parrot, iguana or potbellied
pig you should be able to find a plan and insurance company
to suit your needs.
has many similarities to our health insurance. There are coverage
limits, conditions, exceptions for pre-existing conditions,
deductibles, co-pays and lifetime amount limits. One important
and beneficial difference is choice of care provider. With
pet insurance you can usually use any veterinarian you want
or have available. You do not have to choose from a 'provider
network'. Also you do not need to get anything pre-approved;
you are free to take the action needed for your pet's health
protection then present your claim.
not so beneficial difference is out of pocket expense. Generally
pet insurance plans pay you after the claim is made; you may
have to pay the veterinarian or caretaker bill prior to receiving
typically have deductibles, co-pays and lifetime limits. The
deductible will usually apply to each occurrence which can
be an accident, injury or illness. Subsequent treatments for
the same condition will not require another deductible. Typical
deductibles range from $50 to $250. Most policies also have
a co-pay percentage, this is the amount of the final covered
expense the insurance company will pay. Co-pays are generally
80% or 90%.
thing to watch out for is benefit schedules. You want to avoid
companies that have fixed benefit schedules. This means they
have set a price for certain procedures/treatments and will
only allow that much regardless of the actual charge. This
can make a low deductible plan with high co-pay actually cost
you much more in the long run than a high deductible with a
lower co-pay percentage.
get pet insurance? An easy first step is to ask your current
veterinarian, they may have a plan they recommend or work with.
But, don't stop there, research the market on the internet.
The difference in plans can be dramatic when it comes time
to make a claim. Be sure to review the companies' policy, exclusions
and benefits as well as their history, reputation and financial
Things to look for in
pet insurance policies
- No network of required providers
- No fixed benefit schedule
......Diagnostic testing: MRI, Cat-scans,
Cancer treatments, Prescriptions
......After hours/ emergency
- Multi-pet discount
- Claim processing time
- History & reputation of company
your pet is a great idea and the many plans and options available
make it easy and affordable to do. You can take comfort in
having a valuable family member covered for injuries, illness,
disease and even poisoned food that can happen at any age.
After all animals are living creatures and susceptible to having
health problems and accidents just as we do.
Scott Lawrence - EzineArticles.com Expert Author
1st, 2007 - Copyright © 2007 AskTheAdjuster.com