More and more Americans are becoming responsible pet owners. In fact, according to AP Poll, 50% of the country’s population treats their pets as part of their family. Hence, it won’t be surprising to know that the pet industry has become a $60 billion dollar business in 2015 alone. This statistics mean that pet owners are now willing to spend half of every dollar earned for medical expenses.
The advances in veterinary care carries with it sophisticated advancement in animal care too. However, this boosts the price of medical costs as well. For instance a veterinary life-saving surgery amounts to $15,000. And vets demand for full payment before they even start rendering their services. To have the assurance that pet owners can attend to their furry friend’s medical emergencies, they invest on health insurance plans for their pets.
When choosing the right policy, know that pet insurance come in various types. Hence, it is essential that you select the one that caters to the needs of your pet most. Coverage may include well-being, illness and accidents. Therefore, by not choosing right, you may still end up spending more from your own pocket for your pet’s medical care.
You don’t want to be in a situation when you just need to give up your pet’s life because you don’t have enough funds to sustain its medical expenses. You can prepare for such mishap even before it happens. You can pay your pet’s insurance just like paying your own health insurance. You can choose insurance that covers for certain duration or the one that applies for the entire duration of the animal’s lifetime. However, know that the latter is more expensive and can cost you more premiums annually. The price will depend on the type of pet you have too. To understand this better, it is wise that you read pet insurance reviews to know more. Know the insurance’ deductible and copayment cost too. This way, you will have an insight if up to what extent will the insurance offer protection to your pet.
On the other hand, you also need to consider your dog’s health. If it is sickly, a higher premium cost may be needed. The same thing is true if your dog is prone to accidents too. You have to know the coverage well too. Take note that there are pet insurance’s that only cover accidental damages. Because of this, if the dog gets sick, the medical bill spent for this will not be paid by the insurance company. But you may opt for an insurance that covers for both accidents and sickness. This way, you don’t have to worry about whichever situation you find your dog in.
Most importantly, you have to validate if your pet’s current illness will be covered by the insurance. Some companies may include it while others won’t. If this is covered, know the duration provided for the coverage. After the duration, you may be allowed to get coverage for the animal’s pre-existing condition.
Investing for life’s emergency is truly important. And securing even your pet’s life surely matters.