Before you take the plunge and buy pet health insurance there are things you should consider. Here are 3 tips:
1) Shop and Compare Insurance
Compare multiple insurance companies and policies to get a better understanding of the differences and ensure you're getting the best rate quote. Ask your vet for a recommendation of a pet insurance company they trust. Compare the monthly and annual prices quoted as well as the differences in deductibles, co-pays, and coverage or incident limits.
2) Read the Policies. Carefully.
Your policy documents may be long, daunting, and overwhelming, but you still need to read them carefully. Pay close attention to the sections that discuss your deductibles, co-pays, limits on coverage, and claim exclusions. Some exclusions can include pre-existing conditions and hereditary conditions.
3) Review the Financials
When you add up all of the costs, does it make sense to you financially? Remember that your pet insurance costs will vary based on the age of your pet, the breed, the species, and type of coverage, where you live, and the amount of coverage.