Pet Insurance

Pets are part of the family, so routine vet visits are essential to keep up to date with the health and upbringing of your pet.

However, veterinary care can be pricey. And, if an accident occurs, you may even find yourself in debt due to surgery or treatment.

Luckily, there is pet insurance. Pet insurance is a type of insurance policy that covers multiple medical treatments and services your pet may need.

What Can It Cover?

Pet insurance coverage, like personal insurance plans for humans, depends on the type of plan.

Most providers offer similar coverage policies, while others are more specific in coverage, such as accident and sickness plans.

Here is a list of what a typical policy may cover:

  • Accidents – Pets tend to injure themselves a lot. Many medical procedures come from a pet ingesting a foreign substance that needs immediate medical intervention. Pet insurance covers medical procedures like X-rays, bloodwork, or surgery.
  • Sickness – Like humans, animals can quickly become sick due to food or environmental factors. Insurance can cover certain treatments if your pet is diagnosed with a UTI, cancer, or infection.
  • Prescriptions – Some pets require routine medication to ensure a healthy lifestyle. Insurance policies will cover certain medical conditions if your pet needs antibiotics or treatments for certain diseases.
  • Wellness Coverage – Many insurance companies offer a wellness coverage plan that covers vet visits, vaccinations, and shots.

What Does It Not Cover?

Although pet insurance can save you a lot of money, coverage has limitations.

Keep in mind that most pet insurance does not cover:

  • Preexisting Conditions – It’s best to buy pet insurance before preexisting conditions begin. Insurance plans do not cover any needs diagnosed before adequate coverage.
  • Cosmetic Surgery – Don’t expect insurance to pay for strictly cosmetic procedures. Cosmetic procedures include ear clippings, tail docking, or claw removal.
  • Spaying and Neutering – Most insurance companies do not guarantee coverage for spaying and neutering. The operation is viewed as an elective surgery that is not covered.

Are There Policy Limits?

The policy limits for pet insurance depend on the provider.

The average minimum policy can cover up to $10,000 and a max of $20,000 yearly, which is a reasonable limit.

Pet insurance is worth the investment if your pet gets sick or injured. Some surgeries and treatments can cost as much as the total limit; the policy pays for itself.

In the end, you can rest easy knowing your pet is taken care of in case of an emergency.