Pets are an integral part of the family and if something happens you want the best possible care without accumulating a lot of debt. Pet insurance will offset the expense of veterinary care. There are approximately two million pet insurance subscribers in the US. Insurance for pets was once considered an expense we could do without, but if your pet encounters an unexpected problem that requires surgery you are going to be confronted with an expensive bill that you may not be able to afford. Insurance coverage for pets is the same as it is for humans’ “predictability” in case of dire needs and emergencies. Insurance plans are available for the most common domestic pets as well as numerous unusual types of animals.
Insurance for pets has increased in popularity because modern technology and medicine now allow pets to undergo procedures and surgeries that were unthinkable in the past. Today Cancer treatments are available to dogs; however it could cost thousands of dollars. Dogs can also receive hip replacements in access of $10,000 or more. Pet insurance would make these types of surgeries more feasible.
If pet owners have insurance they will not be caught by surprise with a major veterinary expense. The prices for Pet insurance companies are setup in much the same way that all insurance companies are. The premiums are less for animals than humans because there is consideration that young animals and healthier breeds will for the most part need less expensive care. The premiums prices will vary according the coverage and coverage limits.
There are a significant number of different types of policies being offered. The pet owner may consider a policy for Lifetime Coverage which covers all the expenses related to any long term disease your pet may encounter. The long term diseases are inclusive of arthritis that requires a longer duration of veterinary treatment. This type of policy entitles the policy holder to a specific sum of money every year. The maximum limit can be reset when the policy limit is renewed. This coverage is especially conducive for the cats and dogs.
Another insurance option for the pet owner is Limited Time Coverage. This coverage is in effect for a specific period of times after the pet suffers an injury or disease. This type of coverage is cheaper then the life time coverage.
Limited Money coverage maybe a feasible insurance option for some pet owners. This option allows the pet owner to receive monetary benefit for every condition that can fall within the pet health insurance coverage. The policy owner has no time limit to place claim for the money as long the money limit is not reached. This type of coverage is basically cheaper than the limited time cover.
The average monthly insurance premium costs around $28. All policies pay 90% of your actual veterinary bill for accidents or illnesses. Deductibles and premiums are adjustable to accommodate the pet owner’s needs and affordability.
Pet insurance provides the pet owner with peace of mind in the event unforeseeable problems occur with the pet requiring extensive medical attention.