For various reasons, many pet parents don’t have insurance for their furry companions or might not know it exists altogether. Some may have heard about it but often thought it doesn’t apply to them or they don’t need it. However, when you make the choice to have pet insurance, not only does it help budget the cost of unexpected illness or injury, it can also provide peace of mind when it comes to caring for your pet.
Pet insurance helps parents make decisions that are in the best interest of their pet’s health versus being constrained by finances. To help see if pet insurance is right for your family, we recommend checking out the free online pet insurance education website called PETINSURANCEINFO.COM.
Purpose of Pet Insurance
Like other types of insurance, pet insurance works by removing the economic risk of having to pay for your pet’s medical expenses in full, in exchange for paying a premium. Pet insurance aids in the risk of unexpected medical expenses that can become expensive, very quickly. Just like any other insurance, the pet insurance policy is a contract that determines the claims that the insurer is legally required to pay following the payment of the premium.
By providing you with protection from the financial strain of unexpected medical costs, pet insurance gives you the ability to focus on what is important; being there for your pets when they need you most. Benefits Include:
- Better Planning: With pet insurance, you can move the cost of pet illness from discretionary to budget. It provides financial assistance with medical expenses due to illness, accidents, or emergencies.
- Better Decisions: Pet insurance gives you the freedom to make healthcare decisions based on what is best for your pet versus being constrained by your bank account.
- Longer, Happier Lives: Pet insurance removes the pain of economic euthanasia – the sad reality when pet parents must put their pet to sleep because they can’t afford their pet’s medical expenses. This is an all-too-common occurrence that can be prevented.
- Peace of Mind: Pet insurance gives you peace of mind that your pet will be protected when the time comes.
How Much Does It Cost?
Pet insurance typically costs $30-90/month but can be higher based on the level of coverage and the pet’s breed and it can save you up to 90% on your veterinary bill at Berry Hill Veterinary Center.
You can select the premium and amount of coverage by choosing the deductible, the co-insurance, and the annual policy limits appropriate for you and your budget. Some pet insurance policies offer premium discounts. A common discount is given for multiple pets enrolled from the same household. Others offer discounts for policies purchased online, reducing the cost to the company.
We typically recommend Trupanion and Nationwide. In most cases, the client pays the veterinary bill in full and the insurance company reimburses them up to 90%. In some cases, we can do pre-approvals with insurance companies in emergency situations.
For more information, and to compare pet insurance companies, please check out www.petinsuranceinfo.com today!