Pet insurance is used to pay the total, or part cost of veterinary treatment required when a pet becomes ill or gets injured. The insurance premiums are generally paid monthly, or yearly and give peace of mind to the customer as they know that if something happens, it won't be extremely expensive.
Insurance is important to have as veterinary costs are constantly rising and if something unexpected happens, there's the potential of needing to pay thousands of dollars. In this instance, the insurance would cover the full or partial cost of the care required. There is sometimes an excess fee that would need to be paid, but generally this would be a small fraction of the total cost.
When buying insurance, there are various different things to look out for. As previously stated, there are policies which cover the full cost of care as well as those that only cover a partial cost. There are also policies which will only cover injury, but not illness and vice-versa. Other policy types will pay-out if the pet is stolen, or has to be put down. Before you get an insurance policy, you will want to see exactly what the policy offers and if you feel that is what is required.
Most insurance companies will provide tailor-made policies, for example a dog insurance plan or a cat insurance plan which suit your pet exactly if you contact them directly. It's important to do plenty of research over the internet as some deals can only be gotten this way.
As anyone who has a pet considers them a part of the family, pet care is considered extremely important which is why not only there are dog insurance policies, but you are able to get horse insurance as well as any other potential pet plan. The reason they are separated by animal type is because different animals get different illnesses and problems. This therefore affects the potential cost the pet.
As well as household pets, a number of companies such as NFU, Horse and Hound and E&L offer horse or equine insurance that can protect your horse should something untoward happen. As horse insurance is slightly different to standard pet insurance as there are different risks involved, there are a number of different horse insurance options available, including those specifically for older horses and horse and rider insurance which also protects the rider should they have an accident whilst riding their or someone else's horse.
As with other types of pet insurance, the easiest way to find the best horse insurance policy is to make use of insurance comparison sites. Here you can not only work out which insurance company offers the cheapest horse insurance, but you can also compare the levels of protection available and offers. Indeed, in many insurance companies offer a discount if you own more than one horse or pet.
Things to remember:
Cheaper doesn't always mean better when buying insurance. Getting the cheapest policy possible may not be in your pets best interests, you may not be covered for vitally important medical work meaning when something happens to your pet, you'll still have to cover the full cost.
Insurance can be paid for monthly or yearly.
Veterinary insurance is not the same as health insurance for humans. It is a type of property insurance but for your pet instead. The pet owner will need to pay for all care upfront and then submit a claim with the insurance company to have the money refunded.
Some vets may allow the bill to be unpaid until the insurance company has approved the claim. This is mainly when the cost of the bill is high and the pet owner may not be able to pay upfront.
A non-lifetime policy will cover a pet for an issue which arises during the cover period, but if it re-occurs during the next billing cycle, further fees will need to be paid. A lifetime policy will cover the pet for its entire lifetime for ongoing health issues.
In order to get the best deal it is always a great idea to make use of pet insurance comparison sites. After entering a few simple details these sites can provide you with insurance quotations and any special discounts that you may be eligible, making it even easier for you to compare the pet insurance options available to you.