Pet Insurance Discount

Any insurance, including a Discount Pet Insurance is basically a gamble between you and the insurance company.

You are expecting your cat or dog, or other pet, will need it, and the company is setting the odds that they will bring in more in premiums than they will have to pay out.

This is where your own research comes in. You need to decide, if, after reading the fine print where the insurance company will spell out the limits and exclusions of your policy, t hat it is indeed for you and your pets.

Here are some things you may think over, and do more research on.

Will you be able to use your own vet?

Many companies use a list of approved veterinarians. Not only may this result in more difficult to get to the vet, (which can result in more stress for an animal who is already not feeling well) Being forced to go with an approved vet can also result in you getting a vet you do not like, nor trust to treat your animals.

Unless your own vet is already on the approved list of a company you are considering, you may be better served finding a company where you have a free choice of which veterinarian your choose.

Make sure you read the policy about this before making a decision.

What Exclusions are there in your policy?

Not only do different insurance companies have different exclusions, but they can also vary between different types of policies.

Read the exclusions very carefully. These are the items the insurance company is betting on that you will need, or, they may be too common, and too costly for the company to include.

The most common exclusion is the "Pre-Existing Condition" What that basically means, that if your cat or dog already has a condition, such a s diabetes, the insurance company will not cover expenses of the illness. Read carefully to note whether you will be covered for complications that may arise from a pre existing condition.

Other exclusions may be breed related. Such as hip dysplasia in Golden Retrievers, dental procedures, vaccinations, spay and neuter, flea and heartworm preparations.

You see, there is a lot to think about… Even though you are looking at an affordable pet insurance, you do want it to cover what may be important.

What kind of deductible will you have to pay, and is there a co-pay?

Deductibles may range from $50 to $100 per incident. Most companies require a co-pay of 10% to 20% of your vet’s fee.

Are there "caps" to what is covered?

There are 3 common types of caps. A "cap" is the maximum amount covered.

Incident cap.
The incident cap is the maximum coverage per illness, or incident.
Annual cap is the maximum coverage per calendar year, and,
Lifetime Cap is the maximum amount of coverage per animal.

A low cost insurance may or may not provide the coverage you are looking for.