Understanding Pet Insurance: What Does it Cover?
Having a pet can be expensive, and pet owners are always looking for ways to ensure their pets’ health and wellbeing without breaking the bank. Pet insurance is one popular way for owners to protect their furry family members – but what exactly does pet insurance cover? We’ll cover the basics of pet insurance policies and their coverage to help you decide if it’s something you may want to consider.
Why Pet Insurance?
When it comes to medical care, even the healthiest of cats and dogs can catch an unexpected illness or suffer an injury. These medical situations can be an added stress and financial burden on pet owners. Pet insurance helps to defray the costs of vet bills, medications, diagnostic tests and surgeries. Most policies will also cover ongoing treatments, such as physical therapy, depending on the deductible and plan chosen.
Types of Pet Insurance Coverage
Pet insurance policies come in a variety of coverage levels and types. Generally, policies offer some combination of the following types of coverage:
Accident Coverage: This type of coverage covers veterinary bills for accidents, such as broken bones and swallowed objects.
Illness Coverage: This type of coverage covers veterinary bills for illnesses, such as cancer and viral infections.
Prescription Coverage: This type of coverage covers the cost of prescribed medication for both accidents and illnesses.
Wellness Coverage: This type of coverage covers preventive and routine care, such as annual exams, vaccinations and flea/tick prevention.
Exceptional Costs: This type of coverage covers costs for alternative treatments and therapies, such as acupuncture and water therapy.
What is Not Covered
Like any other type of insurance, pet insurance has exclusions. Most pet insurance policies do not cover any pre-existing conditions, hereditary or congenital conditions, breeding related medical issues and cosmetic procedures. Policies may also exclude coverage for elective procedures, such as spaying/neutering and de-clawing, as well as grooming and boarding. There may also be age limits and breed restrictions, so it’s important to review the policy thoroughly before making a decision.
Bottom Line
Having a pet can be an expensive undertaking, so it’s good to know there are ways to help ensure their health and wellbeing without breaking the bank. Pet insurance can help defray the costs associated with veterinary care and medications, as well as cover preventive and routine care. Before selecting a policy, know exactly what is and is not covered, as well as any age limits and breed restrictions. Researching the best policies for you and your pet will help you determine if pet insurance is the best fit for your family.