Why You Need Pet Insurance
Jaime Chaifetz March 07, 2019
If you’re a pet owner, you understand the importance of keeping your pet happy and healthy throughout their life. As an integral part of your family, your pet deserves to get routine checkups, important vaccinations, and exceptional healthcare. But, visits to the veterinarian are costly and may not be affordable for everyone. Fortunately, you can purchase pet insurance that can help you cover the costs associated with your pet’s healthcare. Here we explain what pet insurance is, what types of coverage are available, and how it can benefit both you and your pet.
What Is Pet Insurance?
Also known as pet health insurance, pet insurance works similarly to health insurance for humans. It helps cover the cost of veterinary care for your pet. In addition to providing coverage for times when your pet is injured or ill, pet insurance can also help you cover the cost of routine checkups and vaccinations. Much like human health insurance, there are certain terms you need to know that can help you understand your pet’s coverage.
Co-pay — The percentage you must pay after the deductible is met
Maximum payout — The maximum amount that can be reimbursed by the insurance company
Deductible — An amount you must pay before the insurance company will begin paying their portion
Premium — The amount you pay monthly for the coverage
What Types of Healthcare Does Pet Insurance Cover?
Before you purchase pet insurance, you may want to know what types of things are covered. Although different policies vary in coverage, here are some items that may be covered by your pet insurance.
- Prescription medications
- Veterinary exam fees
- Diagnostic imaging and treatments
- Cancer treatments
- Dental care
- Accidents and injuries
- Surgery and rehabilitation
What Are the Benefits of Pet Insurance?
Although having pet insurance does not mean your pet will never get injured or become ill, it does provide a wide range of benefits that can help you relax and take care of your pet the way you want to. Here are just a few of the many advantages of having insurance for your pet.
Better Health for Your Pet
Sometimes, pet owners do not take their pets to routine checkups simply because of the expense of an appointment. But, when you have insurance coverage that pays a portion of the cost, you’re more likely to schedule appointments with your veterinarian on a more routine basis. This helps your doctor identify any potential threats to your pet’s health before they turn into a medical emergency.
Most people know that having a pet comes with certain expenses. However, until you have a pet, you don’t always realize how much it costs to take them to the veterinarian. With pet insurance, you don’t have to cover all the costs on your own, which means you can save a significant amount of money each year on healthcare costs.
Improved Treatment Options
When you have health insurance for your pet, treatment options that may not have been available to you can now be considered. For example, chemotherapy for a pet with cancer can be a significant expense that you may not be able to afford on your own, thus making it unattainable. However, with the right coverage, you can get your pet the treatment option that is right for them without having to make the hard decision of how to pay for it.
Peace of Mind
Like most pet owners, you don’t want to spend time worrying about what you will do if your pet becomes ill or suffers an injury. Pet insurance can offer you the peace of mind in knowing that your pet will get the care they deserve no matter what happens during their life.