If you have a pet you may want to consider carrying a pet insurance policy for them. This type of insurance is gaining in popularity as it can help defer some of the expenses that you can occur when owing a pet. Pet insurance works very similarly to a human's insurance policy and here is what you can expect from an insurance policy for your pet.
First thing you should consider is when you should enroll your pet. The younger your pet is when you buy its policy the better your premium is going to be. This is because you should have several years when your pet will only need regular check ups and routine shots. As your pet ages the premiums will raise according to the health of the animal.
When you choose a pet policy here is what you should expect. The insurance company will contact your veterinarian and get a copy of your pet's medical history. They are looking for any pre-existing condition and to see if you keep up with your pet's regular exams and shots. Once they have that information they will give you a quote and you can either except it or try another insurance company.
Almost every insurance company has an age limit on how old your animal can be for your enrollment age. The average age for dogs is eight years old, or five years old depending on the breed. Most larger breed dogs such as great Danes or German shepherds fall into the five year old category. Cats, on average, are accepted up until 10 years of age.
Once you pet is accepted you will be given notice of any exclusions on the policy. These exclusions are given for symptoms that are currently being treated. This means that nothing for that condition will be covered now or in the future. An example of this may be if your cat is showing signs of arthritis it may be excluded on your policy. Each year your insurance company will obtain your animal's health records and adjust your premiums according to the health of your pet. So as you pet ages you should expect your policy rates to rise.
There are several types of coverage that you should expect the insurance policy to cover. The first of which is your veterinarian visits, a good policy will cover both routine visits and emergency visits. There are policies that cover reasonable boarding fees if you are ever hospitalized and need your pet to be placed in boarding. Many policies also offer a lost pet coverage which means they will pay for a reward and advertising if your pet is lost or stolen.
Some policies will also give you the option of having vacation plan coverage. This coverage will pay for vacation plans that have to be cancelled due to pet illness. Read your policy carefully so you understand the requirements for coverage. Many pet insurance policies will also give you a discounted rate if you have more than one pet on the plan.