Is Health Insurance For Pets Worth The Price?

Yes, yes and yes some more! – And the sooner the better. The younger and healthier your pet, the more insurable and the lower your premiums will be.

Yes, pet insurance is another monthly expense to add to the list. However, it’s something you can budget in advance, as opposed to an urgent vet visit. The premiums are very reasonable and you don’t have to factor in the cost when faced with the decision of whether to provide treatment – it’s invaluable. A recent survey showed that 73 percent of people are willing to go into debt for their pets.

Choosing between your pet’s health and your financial well-being isn’t a terrible predicament to be in, but with a little planning you can prevent this from happening to you.

Now another reason to get into pet insurance: because it’s set up for you to pay for treatment upfront and then fill out forms for reimbursement, vets don’t have to deal with a whole lot of red tape. Pet insurance companies also cannot dictate the treatment your pet receives. That doesn’t mean you don’t have to do your research to get the best deal.

The considerations for comprehensive annual insurance plans are similar to what you’re looking for in human plans, which are different from discount plans where you pay lower rates for veterinary services. Just be sure to read the fine print.

Here are the 10 most important things to consider when deciding on pet health insurance:


Most plans allow you to see someone you love; Others are like HMOs that limit you to certain healthcare providers.

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There’s usually a waiting period of at least 10 days so people don’t sign up right after their dogs jump down a ladder.


Some companies adjust their premiums quarterly; that is, if they pay a compensation, they can increase your rates in the next period. Make sure the company you choose offers contracts of at least one year without any pay rise adjustments if you submit a request.


You want a plan that does not presuppose a condition diagnosed after your initial agreement with the company and therefore does not count as a reason for not renewing your insurance.


Typically, dogs younger than six to eight weeks and older than eight to ten are not eligible for insurance. Those with pre-existing conditions and breed-specific hereditary conditions are also usually excluded, but you can pay extra for coverage in some cases. Another reason to buy a dog: they’re easier to insure.


Things like dental care, vaccinations, and heartworm testing should be covered. Some plans don’t take care of neutering or neutering, but this shouldn’t be a deal breaker as clinics often offer great discounts for these procedures.


You’ll typically spend a lot more money on medication than on office visits and services, so make sure your plan offers good prescription coverage.


As with human plans, the higher the exemption, the lower your premium.


You will find plans that say they reimburse you for “reasonable and customary rates”. That’s a lot of wiggle room. You’re much better off with an insurer that provides a picture of what you can expect to get for the price you pay.

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There is usually an annual cap on the amount a company can repay. Find out if there is also a limit to what insurance will pay for a particular event.

About Lily Hammond

I have been working as an insurance consultant in my own insurance agency since 1998. Because I've been doing this for so long, I know every detail and I'm here to help you. You can find my e-mail address and work phone on the contact page.

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