Are you considering investing in pet insurance for your cats and dogs? It’s a known fact that despite the overwhelming love we have for our pets, the vet bills and medications can take its toll. Combine it with other expenses and you might be in for some troubles if you haven’t insured your pet.
Insurance coverage for your pet is actually for your own peace of mind. In most cases, it’s worth getting insurance coverage for your cats and dogs. However, before you decide upon an insurance plan, make sure to keep the following things in mind.
Consider the kind of plan you have in mind
There are companies which offer both medical as well as wellness plans. Medical plans would include bills covered during times of illness and surgeries. Wellness plans are inclusive of routine checkups and vaccinations. Consider the kind of plan you have in mind. Thing like dental care would not be included in any of these plans. You could even use a combination of both these plans. T all depends on how secure you want your pet to be in the long run.
The premium you have to pay depends upon the kind of animal you are getting insurance for. It also depends upon the insurance plan you have elected along with the deductible and coverage level and last but not the least the area where you live. If you are insuring more than one pet at a time you can even ask for a discount. Get in contact with Petplan Australia to find out what your costs for pet insurance will be for your type of pet. Premiums could go up to at least a few hundred dollars a year.
Deductibles you need to keep in mind
Be prepared to pay the deductible before your coverage plan starts working. Paying a higher deductible would lead to lower premium rates. Often it’s a good idea because this way you wouldn’t have to shell out huge amounts every month and make it more like a onetime payment.
Copayments for pet insurance
While most plans claim to pay almost 90% coverage for your pets you need to look at fine print and do a careful reading first. These clauses could include only a small amount of what your vet might charge you while others plan to pay only what they consider necessary. Insure your equine with the Petplan New Zealand and their premium horse insurance. There might even be payout limits for medical expenses for injuries. Reading the policy thoroughly would help you avoid nasty surprises later on.
Exclusions in the policy
Anther important thing to consider is the list of exclusions in the policy. Just because you think you are paying for insurance your pet is covered for all kinds of disease and illnesses. Most policies do not cover dental plans. Common knee injuries like hip dysplasia in dogs are not covered either. Similarly chronic conditions like diabetes and kidney failures in older dogs aren’t covered either.
Knowing all these things before you buy pet insurance plans for your pet would help you understand your own limitations and requirements. Plus it would help you know which plan would work for you in the long run.