How Pet Insurance Work? Healthy Paws Pet Insurance
How Pet Insurance Works – When adopting a pet, a person can get caught up in selecting the right animal for the family. Rarely do people think about preparing for unexpected medical issues that may arise in the future. Pet insurance aids pet parents with not only unexpected medical bills, but with providing financial assistance to the pet parent for routine veterinarian visits.
According to the American Pet Products Association (APPA) National Pet Owners Survey, pet parents will spend $12.2 billion on veterinary care this year. This is an increase from $11.0 billion last year and $8.2 billion five years ago.
Definition of Pet Insurance
A written policy that exists between the pet owner and the pet insurance company, designed to assist the pet owner with the cost of medical bills incurred by the pet. Some insurance companies will cover either part or the full cost of veterinary visits.
How Pet Insurance Works?
A pet insurance company will ask the pet parent routine questions about the animal(s) they’re seeking the insurance for. These questions range from the age and breed of the pet to any pre-existing conditions the pet may have before the pet parent decided to seek insurance.
Depending on the type of animal, the insurance company will then explain the types of plans they offer, what is covered within those plans and how much financial assistance they will provide to the pet parent.
If a pet has a pre-existing condition known to the pet parent before signing the animal up for pet insurance, the insurance company won’t cover any future problems related to that pre-existing condition but the animal will still be covered for other future medical issues.
If your pet has any hereditary conditions that are common in the history of the breed, make sure the pet insurance company will cover any medical bills that are associated with hereditary conditions. Coverage of hereditary conditions is a great question to ask when interviewing pet insurance companies.
Many insurance companies may require that the pet parent pay for the veterinarian visit up front; fill out a claim form and mail it in along with any receipts. After a review process by the insurance company, the pet parent may be reimbursed either part or the full amount of the cost.
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Some insurance companies may also require that the pet parent pay a deductible but what is great about some pet insurance companies is that they will allow the pet parent to customize their deductible to fit their budget.
For dog and cat owners, many find that vet bills can not only increase, but increase quickly. According to a survey by the American Pet Products Association, dog and cat pet parents accumulated up to $650 in veterinarian bills last year.
This is why a wide variety of plans are offered to fit the pet parent’s budget. Because they understand how important saving money is for any family, making pet insurance affordable for the pet parent is the number one priority. Pets are members of the family and they deserve health insurance just like any other family member.
These plans range from covering veterinary fees to even covering boarding kennel fees or advertisements and rewards if your pet is lost.
Why Pet Insurance?
Because animals are a big part of the family, as a pet parent, you want to ensure that your pet receives the very best in medical care, without having to worry about the cost. No cost is too small when it comes to your little furry friend and they deserve the very best in everything: Including medical care and pet insurance is a great way to make that happen.