One of the trends for pet owners that has been on the rise is preventative care. Even if these tough economic times, pet owners are budgeting to ensure that their buddies are well cared for and healthy. If you’re thinking about buying pet insurance, here’s a tips that can help you find the company that works best for you:
1: Is there benefit schedule?
A benefit schedule is the list of diagnoses and maximum amount of money that the insurance company will pay. Plans that have a % written out are easier to follow and can help you understand what your reimbursement can be of the vet bill. Some plans will not cover or reimburse some diagnoses and you may end up paying most of a bill even if you have pet insurance. Do your homework and ask a ton of questions about what is covered, what is not, and how they cover and evaluate reimbursements.
2: Check what is covered.
It should be clearly stated on the website and brochures what conditions and predispositions are covered and what are not for your pet. The last thing you want to do is make a claim and find out that it won’t be covered. Find out all you can and if your plan changes, make sure you are kept updated.
3: Does it cover genetic conditions?
If you have a purebred dog or cat, some insurance companies will not cover conditions that are associated with the breed. The options of coverage can vary depending on the genetic and hereditary illnesses that could happen as your pet ages. Make sure the plan covers your pet!
4: What are the rules for pre-existing conditions?
If your pet has an illness already and you’re looking for coverage or new coverage, are their illnesses excluded? Some plans will exclude all pre-existing conditions and other will differentiate between curable and incurable. Curable conditions may be covered.
5: Any limits on incidents?
An incident is any illness or accident that your pet may have. Some companies have per-incident limits that are lifetime limits and once they are reached you will no longer be reimbursed for any medical expenses. Not all plans are like this and some may only have limits per year or none at all. Make sure you know exactly how the plan works so you won’t be surprised when you make a claim.
6: Compare and contrast.
If you’re not sure and torn between choosing a plan, ask your friends, ask your co-workers, ask your vet, and read reviews of the different pet insurance companies. You’ll want the right plan, great customer service, and easy to understand literature. Do your homework and it’ll make your life easier.