If you have a pet, you may want to consider pet insurance. Without it, you may be faced with a large vet bill or a tough decision. Pet insurance is a health insurance policy for your pet. It is available for dogs, cats, exotic birds, ferrets, rabbits, potbelly pigs, reptiles, and certain rodents. As with health insurance for people, you pay a premium in exchange for coverage. You may also have an annual deductible, co-pays, and caps.
There are three basic levels of pet health insurance:
If you choose low deductible pet insurance with a high reimbursement level and high annual maximum, you will pay less in out-of-pocket medical costs per incident, but your monthly premiums will be higher. Most plans will allow you to purchase endorsements to enhance your coverage, for example to cover exam fees or checkups, but this will also increase your premiums.
In addition to the level of pet insurance you purchase, various factors can affect your premiums. These may include:
Although standard pet insurance will cover most accidents and illnesses, there may be some exclusions with both basic and comprehensive coverage, which may include:
If you are considering pet insurance, speak with our friendly agent. We can help you find the health insurance coverage you need for your pet at a rate you can afford.