What is pet insurance?

5 min read

Your pets are an important part of the family and keeping them happy and healthy can be a big responsibility. Routine vet care, annual visits and unexpected emergencies are all common expenses for taking care of your furry friends. Since medical costs can add up quickly and put a strain on your budget, pet insurance can help you save money on their healthcare and make their well-being a top priority.

How pet insurance works

To help cover costs and avoid increasing debt, pet insurance works on a reimbursement basis. For most plans, the owner pays a monthly premium to put coverage in place. Many pet insurance companies require a waiting period after enrollment before coverage can take effect. Once the policy is active, a claim is submitted to the insurance company after a trip to the vet and covered expenses are reimbursed.

Common features of pet insurance

  • Allows visits to any licensed veterinarian, including emergency andspecialty vets
  • Variety of deductible options to choose from
  • Covers injuries, accidents, illnesses, surgeries and diagnostic testing
  • Pre-existing conditions may be covered after a waiting period
  • May offer multi-pet discounts
  • Policy will not be cancelled as pet gets older
  • Add-ons may be available to cover flea and tick preventatives, vaccinations and more

You should never have to make a difficult decision concerning your pet’s healthcare for financial reasons. Pet insurance is a valuable way to focus on your pet’s well-being and give your four-leggeds the medical care they need to stay healthy from head to tail.

More Insights