Pet Insurance Reviews

Pet Insurance 101

Pet insurance has been increasing in popularity recently, due in large part to its increased availability and the advances of veterinary science. Vets today can offer treatments and procedures that were unheard of just a few years ago, such as radiation therapy, transplants, and MRIs. However, these new treatments are not cheap; veterinary costs have risen over 70% in the past five years, to over $19 billion last year.

Pet health policies are similar to human insurance policies; annual premiums, deductibles, and various coverage based upon what the owner chooses. It is common for plans have co-pays and annual caps that limit how much will be paid.

Considerations when searching for a policy:

• some policies won’t cover older pets
• certain breeds are excluded from coverage
• most insurers offer a multi-pet discount
• pre-existing conditions are normally excluded

Policy costs vary widely, depending on the animal and the different packages that the owner can choose. While some packages Other plans cover only accidents and illness, many are comprehensive, including such things as annual checkups and vaccinations, spaying/neutering, death benefits and even reimbursement for offering a reward for lost pets.