Everyone wants to choose the best pet health insurance plan, but most don't know where to start. An Associated Press/Petside.com survey revealed that more than 40% of pet owners surveyed said they are worried they wouldn’t be able to afford health care for a sick dog or cat.
The Ohio Department of Insurance released some helpful tips for consumers looking to buy pet insurance coverage.
Just like health insurance for you or a family member, there are several types of pet insurance policies. A pet health insurance policy reimburses the pet owner for covered veterinary care. As with your health insurance policy, these policies typically itemize covered treatments, deductibles (the amount you’re responsible to pay) and lifetime or per illness maximums.
The cost of a pet health insurance policy will vary based on the amount of coverage, the type of coverage, the species and age of the pet, and even what breed of animal.
A pet life insurance policy covers end of life costs for your animal. This can include burial or cremation expenses and even bereavement counseling for you and your family.