What is the best pet insurance company?
This depends on the type of coverage that you want. Are you interested in full coverage, or would you prefer a policy that covers just emergencies? It is important to shop around and determine exactly what you are getting for your policy dollar. Some pet owners are comfortable with being covered only for emergencies, others prefer coverage that includes illnesses. It really depends on what you are comfortable with.
- Top -
Is there a pet insurance policy that I can customize? Yes, some pet insurance companies are actually starting to provide policies that pet parents can tailor to suit their specific needs. Embrace Pet Insurance currently offers customized policies, with other companies sure to follow. Often, this can be a big benefit to the customer as they can choose the specific coverage they desire. Purchasing a custom policy, a pet parent may be more satisfied as they have chosen the coverage themselves.
My pet never goes outside, why would I need pet insurance?
Accidents can happen in the home just as easily as outside. There are lots of things pets can get into that can cause health problems. Household chemicals, plastic objects, razor blades are just a few of the things found around the house that can result in a trip to the veterinarian.
Can't I wait until my pet is older and then get a pet insurance policy?
Sure, you could do this but it may end up costing you more. Some pet insurance companies now are offering coverage starting when your pet is less than one year old. By offering insurance at this early age, they are better able to spread the premiums over the pet's lifespan. This, in turn, makes better pet insurance coverage more affordable to the pet owner. For some pet owners this is a much better option.
Aren't I restricted to specific veterinarians if I have pet insurance?
No, not normally. Pet insurance works by reimbursing the owner after the owner submits a claim. The veterinarian does not handle any of the billing, except to you. You visit the vet and have your pet treated. You pay the vet for the services rendered. You then submit a claim to your pet insurance company and await reimbursement according to the terms of your policy. Because of this, you can visit any veterinarian, anywhere.
Aren't I just better off using my savings account for my pet's medical expenses?
Maybe. Honestly, if you have the money and are disciplined enough to save money for your pet's medical expenses that might be a better option for you. However, many people find it difficult to save enough to cover the potential medical expenses of their pet. If you are one of these people, a $20-30/month pet insurance policy might be a better option for you. If money is tight, consider an accident or emergency policy type. It typically won't cover illnesses but does cover accidents and usually costs less.
My friend said, "Pet insurance is a bad investment!" Is this true?
Yes, this is true. Pet insurance is a terrible investment -- it is insurance! With a few debatable exceptions, insurance is not an investment. Take, for example, car insurance. Do people buy car insurance with the hope that they will recoup their paid premiums by filing enough claims? No. You have the car insurance to pay for injuries and damage in case of an accident. You have to think of pet insurance in the same way, it is insurance -- not an investment.
Would it be a good idea to get a pet insurance plan for a service dog?
Yes, it is worthwhile to look into a pet insurance plan for a service dog. Service dogs are invaluable to those who need them, and a pet insurance plan could be very beneficial should the dog become sick or injured.
Are pet "well-care" or "routine care" visits covered by pet insurance?
That depends on the type of pet insurance policy you decide to purchase. If you are interested in a less expensive policy, it is unlikely that it will cover routine veterinary visits for your pet. However, if your pet insurance policy is a more expensive one, it may indeed provide some pet well care coverage. It is important to carefully read the coverage you are getting so you understand what you are paying for.
- Top -
My pet isn't sick, why would I want pet insurance?
When your pet is healthy is the best time to consider pet insurance. Most insurance companies will exclude pre-existing conditions and may even have a waiting period before benefits take effect. If you think you might want pet insurance, don't wait until you need it to research and buy it.
Don't see your FAQ here? Here is how you can submit your pet insurance FAQs.
- Return to top -