Did you know that owning a pet comes with several health benefits? They increase your opportunities to go outside and get some exercise, and the special bond you form with your pet is one of a kind. Playing with animals is also enjoyable for your family, and for hundreds of thousands of people, pets offer companionship.
Spending time with pets can decrease cholesterol levels, blood pressure, and feelings of depression or loneliness. Just like they take care of you, you need to care for them. At the end of the day, your pets require a lot of attention. They need food, water, checkups at the vet, among so many other necessities.
All of this adds up quickly and can put a dent in your wallet. If you’re looking for some ways to cut back financially while still giving your furry friend the love and attention they deserve, read on for more information about pet insurance.
What is Pet Insurance?
In short, pet insurance is a healthcare policy for your furry friend that helps you cover certain medical expenses. It will protect you from the risk of having to pay expensive out of pocket medical care fees, or even worse, having to put your companion down because you can’t afford the surgery.
A cat or dog insurance plan will save you money on the following:
- Routine visits to the vet
- Everyday preventative care
- Accidents illnesses or injuries
- Illnesses such as digestive issues or allergies
- And more!
If this sounds like something you need, look into pet health insurance today.
How Does Pet Insurance Work?
Because pet insurance is a form of health insurance, you’ll save hundreds of dollars on vet bills and procedures. As the pet owner, you will pay a monthly premium, When your veterinary bills come up, you will pay the vet and then file a claim with your pet insurance agency to get reimbursed.
What Does Pet Insurance Cover?
Like we briefly mentioned above, a pet insurance plan will cover any unexpected injuries, accidents, and illnesses. For instance, it will help cover bills if your dog eats something he shouldn’t or gets diagnosed with cancer. Your dog or cat's insurance will cover these types of situations.
We don’t like to think that something bad will happen to our furry friends, but unexpected events occur all the time. If something were to happen to your animal, you want to have the right tools and resources to get them the help they need.
Then, there are a few pet health insurance that covers routine wellness care like an annual checkup or a grooming appointment. Keep in mind that pet insurance companies won’t cover any pre-existing conditions. These are conditions that were present before the coverage began.
What is the Average Cost of Pet Insurance?
The cost of your insurance depends on the premium you decide to go with, but overall, pet insurance is not too expensive. On average, animal owners will pay around $30 to $50 a month, while some premiums range as low as $10 for some plans while others are more than $100. It’s a matter of deciding what you’re looking for and finding a plan that does just that.
Is Pet Insurance Tax Deductible?
Unless your furry friend is certified as a service animal, pet insurance is not tax-deductible. This is not the same as a therapy or an emotional support animal. A service animal is there to help you with a physical disability. If you own a service animal, you can write off medical expanse for them on your taxes. Otherwise, your pet insurance won’t be tax-deductible.
Is It Worth It To Get Pet Insurance?
The answer to this question varies from person to person, but in general, yes it is. If an unexpected accident or injury occurs, the health insurance plan for your pet will be 100% worth it. Not to mention the peace of mind an insurance policy provides. This, by itself, is priceless!
How to Get Pet Insurance
Thanks to all the developments in veterinary care, our furry friends enjoy longer lifespans. The cost of owning a pet is not cheap; you have to pay for food, toys, and those unsightly vet bills. A pet insurance plan can make a huge difference financially, but how do you know which insurance agency to go with?
Here are some tips to follow to ensure you obtain the best pet health coverage for your furry friend:
Compare Pet Insurance Providers
Before you decide on pet insurance, compare providers, and ask for a pet insurance quote. Each plan offers different premiums, co-pays, deductibles, sample reimbursements, and plan details.
For instance, Safeco Insurance for pets offers a wide range of deductibles, annual limits, and reimbursement percentages. You’ll also have the freedom to choose any emergency clinic, veterinarian, or specialist. For more information on this particular provider, get in touch with us today!
Research What’s Covered and What May Affect Coverage
Some insurance policies exclude conditions that are pre-existing, congenital, hereditary, or related to breeding. This is why it’s so important to have insurance for pet dogs, cats, and other animals as soon as your furry friend is born. When you file a claim for reimbursement, this may not be covered. Most providers apply restrictions on your coverage, so make sure to educate yourself on what’s covered and what’s not.
Another good question to ask is whether your premium will increase depending on the number of claims. If you don’t understand the policy terminology and language, get in touch with a customer care representative. They will be able to explain it in layman’s terms so that it makes sense to you.
Choose the Coverage that Works For You
Determine if you want coverage for routine wellness such as vaccinations, heartworm prevention, fleas, or unknown medical care like surgeries, chronic conditions, hospitalization, prescriptions, or complete care that includes coverage for hereditary conditions and wellness.
We encourage you to discuss your pet's health with your veterinarian to get a clear idea of your furry friend's common health conditions. Maybe there is a history of health issues within your pet's family tree, which could affect their overall health. Having this information in mind will prepare you in the case of an emergency.
There is no point in paying for a pet insurance policy only because it’s cheap. If at the end of the day it’s not going to cover a possible vet bill, it will be a waste of money.
After deciding whether you’re interested in wellness, medical, or complete care, you need to look into your monthly premium as well as reimbursement amount. These will vary depending on the type of coverage you go with and the deductible that you choose.
What is the Best Pet Insurance?
The best insurance depends on your needs. We encourage you to enroll in our Safeco Insurance - Pet Insurance program provided by Hartville Pet Insurance. Time after time, this plan gives pet owners the best protection for their furry friends. The plan offers several features, including:
- Annual coverage limit options of $2500, $5000, $10,000, or $15,000
- Yearly deductible options of $100, $250, or $500
- Reimbursement options for eligible charges up to 70%, 80%, and 90%
Safeco even offers discounts for multiple pets, which means you can have offered pet health coverage for both your dog and cat. There is the option to add a Preventive Care coverage that includes wellness exams, dental cleanings, heartworm testing, and more.
Contact Beacon Point Insurance
The cost you’ll be paying for coverage is nothing compared to the out of pocket vet bill you’ll need to cover if your pet gets sick. You’ll be surprised at how affordable a pet insurance plan can be, especially for everything that it covers! Having that peace of mind when you receive your vet bill is priceless.
Moreover, knowing that your pet health insurance covers emergency clinic visits for injuries, among other necessities, is well worth the cost. For more information or a pet insurance quote, get in touch with us to discover the insurance coverage that best fits your situation.