3 Pet Insurance Options Worth Considering

Pet insurance operates just like medical insurance, but it is much less expensive and pays for itself much faster. Pet insurance can be provided through a number of different sources. For example, many veterinary offices offer per insurance directly, the ASPCA has an option and a wide variety of private companies have popped up to handle this growing market need. No matter which insurer you go with, there are three basic forms of pet insurance coverage you can elect.

#1 Accident Insurance

Accident insurance is the cheapest form of pet insurance, and it is also often the most necessary. When an animal is injured in an accident, the owner typically faces the option of expensive and uncertain procedures or possibly putting the animal down. No pet owner wants to face these choices, so many have decided having accident coverage is worth the chance the money will never have to go toward an actual accident. The wide majority of pets never have an expensive or serious accident. This allows pet insurance providers to spread the risk to a very low level among policy holders. You will likely find you can cover your pet for between $10 and $20 each month. The exact cost will rely on the type and size of your animal. Exotic animals and large animals tend to be more costly than run-of-the-mill dogs and cats.

#2 Accident and Illness Insurance

If you would like more than "emergency only" coverage, you can look into plans that will cover the cost of illness for your pet. Most pets, like most people, become ill a few times in a year. These illnesses can range from a minor infection to a major tumor. In any case, insurance can help you foot some of the medical bills. It is rare that pet insurance will provide continual long-term coverage for a seriously ill animal. However, if you must take your pet to the veterinarian for an infection, have blood tests run and then pay for a prescription, you will likely find the insurance more than sufficient to reduce your cost. Most people report having coverage for just two illnesses a year per animal provides enough savings to justify having the insurance.

#3 Accident, Illness, Wellness

Some pets will require more routine checkups than others. This especially applies to baby animals and elderly animals. If your pet is going back to the vet frequently for exams and treatment, you may consider a wellness plan. A wellness plan is most like a common medical insurance plan for a human. Every veterinary visit will be partially covered, as well as routine prescriptions and maintenance of your animals health. For example, if you have a pet with a chronic disability, such as hip dysplasia, having wellness coverage will allow you to treat the problem with medical, therapy and regular visits. Since this is the most extensive plan, it will also be the most costly. Wellness plans will only pay off if your pet needs routine medical care on a monthly or bi-monthly basis.



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