Your dog or cat is an important part of your household. Your pet’s care is an essential consideration. Therefore, when you are looking at insurance coverage for your pet, make sure you do your due diligence. The choice of an insurance plan will be based on your pet’s age, current health condition, and ongoing medical needs.
Three basic levels of coverage exist. You can buy insurance categorised as accident coverage that is part of an accidental injury plan. A comprehensive plan includes accident injury protection and an illness plan. If you choose major medical cover, then you will receive full coverage and protection.
When it comes to all three plans, you normally receive overseas pet travel insurance, regardless of the policy. This is a standard amenity. When you opt for this coverage, you will receive compensation for any eligible veterinary costs that your pet incurs whilst on holiday. Destinations include places where a pet is not required to be quarantined. You also can receive special discounts on certain pet insurance plans.
If You Have More than One Pet, You Can Receive a Discount
For example, plans permit applicants to take a 5% discount for each pet that is added on a plan. For instance, if you include a second pet, you will receive a 5% discount, and if a third pet is included, the discount is increased to 10%. Four or more pets added on the same plan discounts the premium payment by 15%.
Future Health Care Costs
When choosing a plan, pet owners think about the future health of certain breeds. For example, some breeds are susceptible to such conditions as hip dysplasia, cancer, diabetes, and other catastrophic conditions. To ensure your dog’s or cat’s care and to make sure that you can manage the payment, you need to pay regular insurance premiums. Most insurance plans cover 80% of a vet’s bill. So, if your pet has a future condition that requires ongoing veterinary care, you will be glad that you applied for a pet policy.
Accident insurance usually covers mishaps and does not cover such medical issues as cancer, skin conditions, illness, ear and eye problems, gastrointestinal distress, infectious diseases, or tick paralysis. These conditions fall under comprehensive and major medical coverage. Items covered under accident injury include specialist care, emergency visits, radiology, prescriptions, and surgery.
Medical Coverage – The Best Way to Safeguard Your Pet
Naturally, it helps to include an insurance portfolio that covers accident coverage. However, if you want to ensure that your pet is optimally protected, major medical coverage is the best protection to purchase. If you feel you can handle higher excess or out-of-pocket costs, then you can reduce your premium.
However, make sure you can handle the initial cost before the vet’s office covers the rest. If you are trying to save money on your premium, that is fine. Yet, if you know that the excess is more than you would be able to afford, go ahead and pay the higher monthly premium. It’s better to pay more and make sure your pet is fully covered and protected if he is involved in an accident or gets sick.