Comparing Pet Insurance Quotes

Comparing Pet Insurance Quotes

Owning and taking care of a pet is a high responsibility, irrespective of whether it is a cat, dog, rabbit or an exotic pet, a pedigreed pet or a cross bred. To help share the burden of responsibilities, pet insurance is available. This pet insurance covers the cost incurred if the pet is injured, involved in an accident, stolen, attacks and injures someone or dies. There are a number of pet insurance providers and the best one can be found online by getting a quote from them and comparing those providers.

Online quotes are easy to obtain, a form needs to be filled with details of the interested individual along with details of the pet. Numerous quotes from providers are obtained immediately for comparison. The objective of pet insurance must be to feel relieved that in case of any medical treatment required by the pet, the insurance has the cost covered instead of burning a hole in the pocket.

Comparison of pet insurance policies and providers also gives detail information regarding what is included in the policy, for instance coverage for vet fees, lifetime policy or multiple pet included in policy. These details must be carefully studied before choosing a policy.

Guide to choose pet insurance

Pet insurance steps in at times when your furry friend requires medical treatment. The insurance covers the cost and is reassuring aid to fall back on in times of distress.

Pet insurance: the basic features

Most policies though differing on subtle points have the same basic standard components –
● Premium can be paid either annually or on a monthly basis for full coverage
● Policy pays for the vet bills of the pet, in case of an event occurring which is covered by the policy
● While making a claim, before the provider pays the insured amount, there is an excess amount that needs to be paid by the policyholder
● If the excess amount is to be reduced, the premium will increase subsequently
● The excess is applied as per the policy type and can be ‘per condition’ basis, annually or both
● Majority of the policies do not provide coverage for preventative conditions, such as vaccinations and spraying, for preexisting conditions and for expenditures related to pregnancy and birth. If these are included and covered by the policy then the premiums will be high.
● Third-party coverage is provided by most policies which include covering costs of damage or injury caused by the insured pet or accident the pet is involved in.
● Some policies also provide coverage for events, such as travel insurance, boarding fees and death benefits. And if a pet is stolen or lost, then the advertising cost is covered.

Pet insurance coverage types

● Accident-only
This policy covers medical costs only if the pet is involved in an accident and not for illnesses. Some of these policies also have limits on amount paid or number of times the payment is made.

● Per-condition
There is a limit to the total amount that the insurer will pay for a single condition in this type of policy. The limit might either be in the form of a certain amount or for a period of time, say 12 months. Post the limit being reached, the policy does not provide coverage for that specific condition.

● Lifetime coverage
This policy is all comprehensive and therefore most expensive. These policies need to be renewed every year, even their per-condition limit is renewed every year and therefore the policy is also termed annual benefit policy.

Pedigreed dogs coverage
Pedigreed dogs are usually at risk for genetically inherited diseases, for example pugs usually develop breathing problems and German shepherds are prone to hip dysplasia, so these conditions must be kept in mind when getting them insured. For this reason accident-only policy is not suitable for pedigreed dogs. A lifetime policy is not feasible because for each renewal the cost of policy increases significantly.

Exotic animals or large animals coverage
For pets other than cats and dogs, such as birds, Guinea pigs or rabbits, the owners need to opt for specialized policies. The same applies for exotic or large pets, such as horses, snakes, tortoise and lizards.

Ways to minimize premiums
The ideal solution is to compare various policies online to find the best and cheap one which provides most features and fulfills commitments. This is especially true for pedigree dogs that are at greater risk for inherited conditions and thus will subsequently have higher vet bills, thus making per-condition policy an appropriate choice. Premiums can further be reduced if pets are insured at a young age when they are healthy. Neutered pets or those with fitted microchip have lower premiums as chances of them getting lost are lower.