Questions to Ask Your Agent About Pet Insurance
When doing a pet
comparison, you want to compare apples and oranges. Most pet
insurers offer three types of plans: catastrophic, emergency, and
full coverage. Catastrophic plans cover your pet should the
unexpected occur and you are faced with a very high vet bill.
Emergency policies cover unexpected accidents and injuries only.
Full coverage plans cover just about everything, including routine
care, vaccinations, major surgeries, injuries, and accidents. Full
coverage plans have higher premiums than the other two. Be sure to
check with your pet insurer for complete details about what is and
is not covered in your plan before making a commitment.
Most pet insurers allow you to
the veterinarian of your choice. When your pet needs vet care, you
pay the entire amount due up front. Bring a claim form to the vet
and have them fill out the required information. When the claim
form is completed, submit it to the insurer, along with a copy of
your receipt. Most insurers reimburse you as soon as the claim is
the largest pet insurer in the country, has insured more than one
million pets since their inception in 1980 and currently has an
estimated 200,000 clients. Petcare,
2002, currently has 30,000 clients in the United States and Canada.
another type of
pet insurer, has 50,000 clients. It is estimated that 3 percent of
dogs and 1 percent of cats in the United States have pet
begin processing the claim as soon as they receive it, so if you
want to get reimbursed faster, fax the claim form instead of
mailing it. Some insurers give clients detailed status reports
during processing. Most pet insurers reimburse the pet owner within
one to two weeks, but some more complex claims may take a bit
longer to process.
This depends on the policy you choose. Each policy has exclusions, so it's important to read this information thoroughly before choosing a policy. Almost all policies exclude pre-existing conditions and any costs relating to breeding or fighting. Full coverage polices often do not cover older pets (typically eight years of age and older). Emergency and catastrophic policies do not cover routine care or vaccinations. Other exclusions may apply based on the pet insurer.
Pet Insurance Directory