We all want what’s best for our furry companions, but sometimes rising veterinary costs can be a cause for concern. When it comes to emergency situations, not everybody can afford surgery or extreme veterinary care for their pets. That’s why pet insurance is a great option for ensuring your pet’s health and safety. Today, we’re going to take a look at how to find a pet insurance company that is right for you, as well as answer some of the common questions regarding pet insurance.
Update July 2021: We’re excited to promote Eusoh, the alternative to traditional pet insurance that modern pet parents are flocking to save money while providing better care to their best friends.
What Is Pet Insurance?
It’s no secret that veterinary care is expensive. Many pet owners are unable to shell out exorbitant amounts of money to keep their pets safe and healthy. As a result, some owners elect not to take their pet to the vet in an attempt to save money.
Pet insurance is the best solution to covering the costs of your pet’s healthcare. By paying for a yearly insurance plan, you can rest knowing that, should any accident or emergency occur, your insurance provider will cover the cost for you.
Why Do I Need It?
Sadly, we can’t always guarantee that our dogs will be in the best of shape. As much as we may hate to think about it, there’s always the risk of accidents or emergencies. Emergency care for your dog can be extremely expensive, and in some cases, you may not even be able to afford the surgery that will save your dog’s life. Pet owners without insurance are sometimes forced to choose between their beloved pet’s life and their own financial stability.
By purchasing health insurance, however, you can rest well knowing that, should the unthinkable happen, you will at least be able to afford the best care for your pet.
How Does It Work?
When you purchase a pet insurance plan, you will pay monthly or annual fees to the insurance company of your choice. Depending on what your plan covers, the company will then cover the cost of your pet’s healthcare. However, your company will provide a deductible of a certain amount. This means that you are responsible for paying so much of your pet’s care, and your insurance company will pay whatever cost exceeds that amount.
How Much Does It Cost?
The cost of insurance varies from pet to pet, based on a number of factors. Age, size, breed, and the kind of coverage you purchase can all affect cost. At its cheapest, pet insurance costs about $200 a year for a dog, and upwards of $550 at its most expensive. If the latter sounds too pricey to you, it’s worth noting that even the cheapest of insurance plans is still better than nothing.
If you have multiple pets, insurance companies will often take off a small percentage of the cost for each pet added to your insurance plan.
Eusoh is an alternative to traditional pet insurance. Members pay no premiums and report saving of 35-50% compared to other pet insurance plans!
What Coverage Should I Look For?
When looking for pet insurance, you will want to find something that covers a wide range of care, including emergency care, surgery, medication, and even checkups. However, it is important to know that even the most extensive pet insurance will not cover preexisting conditions, which includes any injury or illness present before enrolling in insurance.
Overall, different insurance plans will cover different things. There are three main categories of pet insurance: Wellness, accident, and illness. You can choose to purchase a plan that covers only one or two of these categories, or, for extra safety, you can purchase a plan that covers all three.
With that in mind, here are things you will want your pet insurance to cover:
- Regular maintenance: This includes things such as vet checkup, vaccines, and standard medication. Many pet insurance companies require an extra yearly cost for regular maintenance, however.
- Hereditary conditions: You should find insurance which covers hereditary and congenital conditions like hip dysplasia and heart disease. However, insurance will only cover these conditions if symptoms occur after you have enrolled for insurance.
- Routine surgeries: Most insurance companies will cover necessary surgeries for certain conditions, but they will not cover elective surgeries like spaying and neutering, or cosmetic surgeries.
- Emergency surgeries: You will certainly want insurance which is guaranteed to cover surgeries in the case of an emergency.
- Catastrophic health failures: Of course, you will want to find pet insurance which will cover the cost of treatment for any devastating health failure.
- Health conditions: Any non-preexisting health conditions should be covered by your pet’s insurance.
- Prescription medication: Most pet insurance companies will cover prescription medication, and even prescribed foods to aid any special dietary requirements.
Other Insurance Provider Concerns
Sadly, pet insurance does come with some limitations. For example, many insurance companies will limit coverage based on age. A lot of pet insurance providers will not cover dogs who have reached an age between 8 to 12 years old. If you do happen to have a senior dog, you will want to do some extra research to find an insurance company specifically tailored to senior dogs.
While devastating accidents aren’t particularly common among dog owners, any pet owner will be familiar with needing to pay for prescription medication. Whether this includes eye drops, antibiotics, or some other medication, prescription drugs can certainly add up over time! If this is a financial concern for you, you will likely want to find a pet insurance provider who covers prescription medication.
An added concern for many Chug owners is dental care. Chugs are prone to dental diseases, so it’s a good idea to find a provider who covers dental care. For more information regarding dental care and health, check out our health page!
Insurance Is About Risk
Many pet owners are hesitant at first to purchase insurance. At the end of the day, however, insurance is about risk. You can never fully guarantee your pet’s health and safety. You can, however, guarantee that you’ll have the financial ability to treat any illness or accident that may affect your beloved pet. If you want to ensure the best for your pet’s health, then it’s time for you to get pet insurance!
How Do I Decide Which Pet Insurance Is Right For Me And My Dog?
Check out this excellent comparison of 9 different popular Pet Insurance providers from Investopedia. Canine Journal provides has a handy Pet Insurance Plan Comparison table and can request quotes from multiple providers at once for you if the cost is your primary concern.
Chug.Dog is an affiliate of Eusoh, and we may receive a commission if make a purchase with them after click Eusoh links from our website.