Last Updated on January 25, 2023 by Dogs Vets
What Are the Benefits of Pet Insurance?
Pets can provide joy and unconditional love when you need it most. However, they can also present many logistic and economic challenges to even the most experienced pet owner.
That’s why it’s important to have a pet insurance policy that can give you both peace of mind and financial security.
Pet insurance is a crucial investment for your pet’s short-term and long-term health.
Injuries, illnesses, accidents, and other emergencies can happen at any point during an animal’s life. That’s why it’s important to purchase pet insurance as soon as possible after bringing a new pet home.
In this article, you’ll learn why pet insurance is essential for your animal companion, and what tangible benefits you will see from your investment as your pet ages.
You can choose your preferred veterinarian
While most health insurance policies for humans dictate where and who your health care provider is, pet insurance policies allow you to select a provider that meets your logistical and personal preferences.
This simplifies the entire claims process and allows you to directly submit bills from the veterinarian of your choice to your insurance company for reimbursement.
Veterinarians often specialize in one animal or one type of animal, so be sure to select a provider that will be able to provide your pet with the most relevant expertise available.
Simplifying your budget
Pet insurance allows you to efficiently manage your pet expense budget. Seeing your yearly, monthly, or even weekly pet expenses on paper will allow you to understand what exactly you are paying for as well as how it is helping your pet.
It can also allow you to determine what you need and don’t need to potentially decrease the cost of your plan. If you have more than one pet in your household, you may be eligible for discounts.
No discrimination by breed or age of the pet
Most pet insurance companies do not withhold their coverage based on a pet’s age or breed. With this being said, however, your insurance premium may increase depending on common problems associated with your breed of animal as well as the age of your animal.
It is important to always do research on your pet’s breed so that you are aware of any possible behavioral abnormalities or health issues. This will help you have a better understanding of your pet’s needs and allow you to decrease the overall cost of your pet insurance plan.
It is also important to acknowledge that many insurance companies that sell home policies offer coverage for damage your pet does to another person or their property.
These policies, however, do often exclude certain breeds of dogs that are known to exhibit aggressive or reckless behavior.
Extend the life of your pet
When you purchase a pet insurance plan for your pet, you are putting a down-payment on its life expectancy and happiness.
Having a plan greatly increases the likelihood of your pet receiving care and treatment as the need arises.
You are also more likely to take your pet to the vet for minor issues if you have pet insurance, which could ultimately save its life. In the unfortunate event that your pet dies, you may be able to take advantage of the benefits stated in your policy regarding euthanasia, cremation, or burial.
Peace of mind
Investing in the health and happiness of your pet is also important for your own health and happiness as well. Having peace of mind about your pet’s health as well as your own financial security through pet insurance is an excellent decision for any pet owner.
If you purchase a pet insurance policy, you will be able to release some of the financial burdens that a sick or dying pet puts on you and your family.
As stated earlier in this article, it is important to consider the breed of your animal when purchasing a pet insurance policy. This is especially important for dog owners.
The average monthly premium for dogs is more expensive on average than other pets, including cats.
Below is the typical cost of pet insurance for some of the most popular dog breeds on the market today.
- Labrador Retriever- $41.26
- German Shepherd- $34.22
- Golden Retriever- $41.26
- Bulldog- $50.36
- Beagle- $34.22
Pet Insurance Doesn’t Cover Everything
If you purchase a pet insurance policy, there are some things that most insurance companies will not cover. For example, routine care, checkups, and exam fees will most likely not be covered by your provider, regardless of the nature of your plan.
In addition to this, some companies reserve the right to withhold coverage for problems or emergencies associated with a pre-existing condition, even if it was previously disclosed by the animal’s owner.
Always do your own research before purchasing a pet insurance policy to prevent yourself from incurring unexpected expenses.
Be Proactive
The field of veterinary science has seen a lot of growth over the last few years. As medical technology improves, it will continue to grow exponentially over time. This creates the possibility of an increase in the average cost of pet insurance in the near future. With this being said, there is no better time than now to invest in your pet’s present and future.
In the same way that we take care of ourselves and our families through insurance, we can also take care of our pets.
While it is impossible to know what the future holds, pet insurance can provide you with the knowledge and resources to take care of your pet regardless of its breed, age, or medical history.
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