When purchasing a pet health insurance policy, consider what types of coverage your pet needs. Accident-only insurance is the most inexpensive choice, covering injuries and illnesses that occur suddenly. It is also the simplest option, as it costs only a few dollars a month. Young, healthy pets are inexpensive to insure, so locking in coverage early will ensure that your pet is protected against accidents and illnesses. Read on for more information.
Dogs and cats have different medical needs, so you’ll need to know the veterinary costs in each state. Some pet health insurance plans cost more than others, depending on the breed and size of your pet. However, you can lower your premium by adjusting the policy’s options. You’ll also want to know how much your pet’s deductible will be, and whether it’s waived or required to be treated out-of-pocket.
Depending on the policy, there are several types of deductibles that you can choose from. In some cases, the deductible can range anywhere from $100 to $1,000, and you’ll need to decide how much you’d be comfortable paying in advance for any medical expense. As long as you know your deductible, you’ll save yourself money on monthly payments. If you’re concerned about unexpected costs, you can opt for a plan that reimburses a higher percentage of vet costs.
In an emergency, a pet owner may not have the financial means to take care of the emergency, which can lead to ongoing expenses. In addition, large expenses like this can quickly turn into debt, which only adds to the overall costs. Pet health insurance can help you avoid this, and it’s worth a shot. You never know when you’ll need it. So, don’t wait any longer and consider purchasing pet health insurance.