Pets are also prone to a variety of health issues that may be caused by fungal, bacteria or viral infections and Injuries due to various forms of home and out-of-home accidents.
There are several common diseases most pets are prone to suffer from, such as arthritis, which may deteriorate if you refuse to take them to the veterinarian for wellness checkups. Most of the common health problems of pets usually cost hundreds of dollars, which may dent your wallet at unexpected periods.
If you have pet insurance, you will not be bothered about the cost you may incur from your pet’s veterinary care because pet insurance usually provides financial protection for their medical and surgical expenses should your pet need it.
Pet insurance works similarly to human health insurance in several forms, but there are contrasting characteristics between both of them. You can find apparent similarities in the way they work in terms of their insurance policies payments.
In pet insurance policy and health insurance policy, you will be required to pay a specific premium charge depending on your type of coverage and deductible before your insurer starts covering the expenses you incur from medical or surgical care.
However, they primarily differ in the way their policyholders receive their claim payments. Health insurance providers usually pay for the cost of medical or surgical treatments directly to the healthcare providers. On the contrary, policyholders with pet insurance are required to pay the cost of their pets’ veterinary care before their insurers reimburse them with the expenses they incur minus the agreed deductible.
Pet insurance usually involves the submission of a claim to your insurance provider after you have covered the cost of care before your insurance provider will provide you with a reimbursement, which is the same way policyholders of property insurance, such as auto insurance and home insurance request claims from their insurers. Hence, pet insurance is classified as property insurance due to this similarity.
There are two types of insurance policies that differ in the longevity of the coverage your pet insurance company provides. The two types of pet insurance policies include:
– Lifetime pet insurance policy
– Non-lifetime pet insurance policy
Lifetime pet insurance policy
A lifetime insurance policy is the most comprehensive type of insurance that offers coverage for the expenses you may incur from your pet’s veterinary care for the whole of its life, as its name implies.
In this type of pet insurance policy, your insurer will continue to cover any expenses you incur from the veterinary care of your pet as long as you renew it every year. Lifetime insurance will also cover the cost of a specific type of disease or injury that you once requested a claim for its treatment should it reoccur. But this benefit comes with an annual or lifetime limit and per condition. If you reach your annual or lifetime limit, there will be an automatic halt to the coverage of that specific health problem until the policy is renewed.
Non-lifetime pet insurance policy
Non-lifetime pet insurance policy is entirely different from a lifetime pet insurance policy due to its specific period of coverage for a health problem that may occur frequently. The non-lifetime pet insurance policy usually covers the cost of veterinary care for the treatment of your pet’s illnesses or injuries once and not twice or more. If you once made a claim for the cost of veterinary care of your pet, you will no longer be eligible to make another claim for similar health problems should you renew your insurance policy.
There are several factors you will have to consider to clear your doubts of the need for pet insurance for your pets, among which the breed of your pet is the most requisite factor to consider. Pet owners must consider this factor because they may be housing a pet that is prone to chronic health problems that demand the attention of a veterinarian at a significantly high cost of treatment.
This means that there are several breeds of dogs that will need the attention of a veterinarian for veterinary care more than once a year and may simultaneously increase the pet’s owner’s veterinary bill per annum. However, you could avoid the ad hoc cost of veterinary care if you have pet insurance, which simultaneously makes the purchase of a pet insurance policy for your pet worth every penny.
There are several types of dogs and cats breeds susceptible to various illnesses that may cost you more for their veterinary care. These breeds include the following:
– Pugs and French bulldogs are susceptible to respiratory problems and brachycephalic syndrome.
– Cavalier King Charles spaniel dog breeds are prone to heart diseases, especially hypertrophic cardiomyopathy.
– Retrievers and Bernese mountain dogs are prone to blood cancer, especially histiocytic sarcoma.
– Ragdoll Cats are highly susceptible to several health problems that include histiocytic sarcoma, kidney diseases and bladder infections
– Siamese cats are susceptible to innocuous crossed eyes, respiratory infections, heart diseases and cancer. All of which are Hereditary diseases.
There are several pet insurance companies in the market in which the best amongst them include the following:
– Spot pet insurance which is the number one pet insurance provider prominent for their flexibility and the simplicity and straightforward claims service they offer the insured. They do not provide age-specific coverage but offer over eighty percent of reimbursement to the insured for the cost they incur from the veterinary care of their pets.
– Pet First insurance is prominent for the affordable, comprehensive coverage they offer their policyholders. The coverage they offer goes as far as covering the heredity and genetic health conditions.
– Pet best insurance offers coverage for the common diseases pets (dogs and cats) are susceptible to, such as accidents, diagnostic and dental coverage. These illnesses are covered under two categories of coverage plan; pet insurance plan and routine pet coverage plan.
Furthermore, Pet best insurance policies do not have upper limits on coverage and are not age-specific.
It is, however, very difficult or challenging to decide which pet insurance company is best over the other because the merits they all offer comes with subtle or apparent drawbacks. You will have to analyze a few factors, such as limits on specific conditions, the coverage they offer, and benefits model or actual veterinary bill reimbursement before you decide on the pet insurance company to insure your pet.