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Selecting Pet Insurance

Selecting Pet Insurance Coverage

Selecting the best pet insurance coverage can be difficult with the multitude of choices available to pet owners. Learn how to choose between companies, what to look for, and more helpful tips.
There are a lot of things to consider when reviewing each pet insurance company and the various health plans they offer. Here are some of the main things to look for before buying.

Choosing a plan with a higher deductible will give you a lower monthly rate which means less of your pocket each month, but it also means you could be hit with a big bill each time your dog or call needs a medical treatment. Selecting a lower deductible will increase your monthly rate which means more out of your pocket each month, but it will also reduce your vet bill when your pet needs medical treatment.

Some insurance companies will charge a premium for certain breeds. Ask your insurance agent if this applies to the breed you're insuring. Also be sure to ask your insurance company if they cover genetic conditions or else you may find yourself stuck with a large bill.

The age of your pet could determine what insurance company and plans are available to you. Some insurance companies require a pet to be at least eight weeks old in order to insure it while others won't cover pets over a certain age. Review the terms of the policy or ask your agent for the age limits.

Look for discounts offered with each plan. Some pet insurance companies will offer discounted rates to customers insuring multiple pets. Why not save a bit of money?

Review the policy details including deductibles, co-pays, and coverage caps. Determine what you are comfortable with. Some insurance companies will pay 100% of the cost for a treatment while others will pay 80% or 90%. Would you be comfortable with the latter? If not, you're choices will be refined to those offering full payment.