To many people pets are their best friends and they are often considered family members too. The love and connection between a pet and its owner is something hard to explain, but easy to understand. These animals are dependent on their owners, they are loyal and a never-ending source of happiness.
Unfortunately, just like humans can get ill or have an accident, pets too can found themselves in a lot of unwanted situations. No matter whether your dog was hit by a car or your cat got sick out of nowhere, dealing with this type of events is both stressful and expensive. Providing the best possible care to your pet sometimes can save their life and owners are well aware of this. However, such care is rarely affordable.
Therefore, owners may want to consider purchasing a pet insurance policy, which will offer at least some kind of protection and coverage in times of need. Naturally, not all pet insurance offers are the same and some are better than others. Also a difference in the prices set by different insurance companies as well as various requirements can be noticed, which are not shared by all insurance providers.
As a result, pet owners, especially those that own a pet for the first time in their life, may find themselves on a crossroad trying to decide which way to go i.e. which pet insurance offer to buy. Obviously, that’s nothing new and shameful, quite on the contrary; it’s normal not to know all unknown terms and types of solutions.
That’s why pet insurance reviews were created - to help pet owners make smart decisions when it comes to choosing an insurance company and insurance type. These reviews use the same rating criteria and overview key factors so that readers can find honest and relevant information; they are the perfect guides to choosing a pet insurance company.
Who Needs It
Honestly, there’s no rules when it comes to who needs pet insurance and who doesn’t. Having this policy is always a smart move since you can never be certain that nothing bad would ever happen to your pet.
Nevertheless, there are four general categories of pet owners that should consider getting a pet insurance policy and those are: first-time pet owners, owners of young pets, owners of older pets and owners of multiple pets. Each category, however, demands a different type of insurance and may come with lower or higher expenses.
Various Coverage Plans
Understandably, in order to meet the needs of different types of pet owners, insurance companies have designed several types of coverage plans. Thus, customers can find basic coverage that covers accidental injuries or illness, comprehensive coverage as well as additional coverage for exotic pets.
Additionally, owners can purchase wellness plans that cover for annual exams, vaccinations and even teeth cleaning or vet packages and network plans. These may get you discounts on pet food, supplies and even medical care.
Every pet owner should be well aware of what is included and what’s not included in the pet insurance policy they want to buy. Each policy has certain coverage conditions and knowing them is crucial for making the right choice as well as knowing when you can file a claim. Here are the top things to have in mind at all times:
Pet insurance is very similar to health insurance people buy for themselves and it consists of deductibles, premiums, co-pays and maximum payouts. The amount of money you pay each month or year is the premium and its size depends on the deductible. Deductible is the amount of money you cover before the insurance company steps it. Usually it’s better to have low or no deductibles, if your budget allows that.
Co-pay and maximum payouts are pretty self-explanatory. Co-pay is when the company requires for the customer to pay a certain percentage of the total costs, while they cover the rest. This can heavily affect both the premium size and the out-of-pocket payments; thus, you should really try to get the best possible coverage here. Maximum payout is the highest amount of money the company pays out to you; it can be determined on a yearly basis, per event on during the lifetime.
New pet owners may not be familiar with the process of actually using the purchased pet insurance. Well, in case of an emergency, you should file a claim and require for the company to cover your costs. Claims must be filed within a predetermined time frame, but you won’t see a single dollar before they are processed by the company.
Therefore, how an insurance company handles claims is of a huge importance. There are three basic aspects that you should pay attention to. First, you should make sure that claims can be filed 24/7. Second, you should find out whether the claim filing process is simple and convenient, because you won’t want to spend time waiting for hours on the line or being unable to file the claim when it’s necessary. Thirdly, try to find information regarding the claims processing time the company usually needs before reacting as well as whether it’s fair and fulfills its duties.