Is Pet Insurance Right for You?

More owners are looking into and purchasing health insurance for their pets.  Choices range from very inexpensive policies that provide some financial help when dealing with an unforeseen illness or accident to more comprehensive plans that cover preventative care and have high coverage limits.  Of course these latter policies also have higher premiums, but with a little research most pet owners can find a pet insurance plan is a good fit for them.

Here are a few things to remember when considering health insurance for your pet:

  • No policy covers all your veterinary expenses.  You will still need to have savings and/or credit available to cover deductibles, copays, and costs that exceed or are excluded from your policy.  Primarily think of insurance as a way to help deal with unexpected expenses.  Routine purchases like vaccines, heartworm prevention and flea and tick control can be budgeted for and purchased from online retailers such as vetdepot.com.
  • Know what you are buying.  All policies have exclusions, so check the fine print.
  • Preexisting conditions will not be covered, so if your dog or cat has already been diagnosed with a disease, the cost of treating it (pet medication refills, rechecks, etc.) will come out of your pocket.  Consider getting insurance when your pet is young to avoid the pitfalls associated with preexisting conditions.