terrier poodleBuying pet insurance requires much thought, there are a number of things you must do before you buy a pet insurance.

What you need to do before buying pet insurance

Consider whether you really need to get pet insurance. You might not be a pet owner all your life. But if you are sure you will be, then getting pet insurance can be a wise move.

Do some research on Pet Insurance companies. You can find top insurance companies, their contact details, even their services online. You can also ask your friends about this and inquire if they can recommend a good pet insurance company.

Consult with your veterinarian. He/she can be very helpful in knowing exactly what you need to have covered by the policy. And maybe he/she can also recommend a good pet insurance company to you. Talk to insurance agents about this so you’ll have a clear idea of where you’re going.

Ask for quotes and level from different pet insurance companies then compare their rates. Also, inquire about discounts if you have more than one pet. Know if these pet insurance companies have contracts with veterinarians or if they have specials offers or unique plans.

Compute total costs of the policy. Insurance coverage can set your back by up to US$6,000. It all depends on your pet’s life expectancy and how old he/she is at the moment. Normally, the older your pet the higher the premium.

Finally, make sure that you are financially capable to cover all necessary fees.

What you need to know before purchasing pet insurance?

Know all the clauses on deductibles, surcharges and exclusions. After having gone through each one, there are things you must take to heart before you actually purchase a pet insurance.

Know which deductible you should choose. A higher deductible means a lower monthly premium but a higher out-of-your-pocket each time your pet requires medical treatment and vise versa. Do no forget to ask your pet insurance company’s policy on changing your plans and deductibles. They might have penalties for policy changes.

The per-incident limit is the maximum amount of reimbursement allowed for each separate illness or accident based on the plan you choose. It best you know what are your policy limits since advances in veterinary medicine makes your policy’s low per-incident limit unrealistic. Know the real costs of unexpected illnesses and accidents and choose a plan which covers them.

Your pet insurance police should cover illnesses, accidents and optional routine care. Note that some pre-existing problems and hereditary conditions such as dysphasia in certain dog species are normally excluded.

Know how to compute reimbursements. There are usually two ways to compute reimbursements:

a) as a fair and straightforward percentage of your veterinarian’s bill. OR

b) as a percentage of a benefit schedule which limits the amount the insurance company is willing to pay. This can be as little as 30% of your veterinarian’s bill.

Your plan should allow you to visit a veterinarian of your choice, 24-Hours emergency care and a specialist.

If your dog requires treatment, you and your veterinarian should be the ones to determine the course of treatment. Of course there are some pet insurance companies that do not list treatments not covered by their policies, so be sure to ask what is and what is not covered by your policy .

Make sure that your choses pet insurance company is regulated or licensed by your states. You are more sure to get the coverage you need.

How a pet insurance works?

After considering every important detail, what’s left for you to do is sign up and actually purchase an insurance for your pet. You just need to know when your policy goes into effect, both for accidents and illnesses, and basically the same things as insurance for people follow: Seek treatment for your pet, then file a claim. Afterwards, you’ll be receiving your reimbursement check in a matter of days or a few weeks.