Does My Pet Need Insurance?
There has been an influx of companies focusing just on pets into the insurance field in recent years. Online marketplaces are more prevalent than ever, but deciding whether your pet, and your pocketbook, will reap the benefits of this type of insurance is not always easy. Many factors need to be taken into consideration; here’s what you need to know before pulling the trigger on insurance coverage for your pet.
What to Look For?
The specific details of what insurance for your pet will cover requires a bit of research. There are different types of coverage and each type will obviously cover different things. When deciding if your specific pet needs any particular types of coverage, it is best to first do some research on the pet itself. Some animals require vastly more medical support than others. For example, certain dog breeds are more susceptible to injuries than others, and you never know the medical trends of certain pets until you put in the time to research it. Finding this information out about the pet you own can make the decision to get insurance a lot easier. Also, knowing this information about your pet will, more than likely, determine the type of insurance you need.
Categories of Coverage
After doing a bit of research on your pet, you should now be armed with the knowledge required to make an informed decision about what type of pet insurance you need. Depending on what you found out about the possible medical problems that could arise in your pet, the choice of coverage pretty much boils down to emergency/accident, disease, or wellness insurance. If your pet has no track record of illness and various types of diseases are not common in your pet, emergency insurance may be something for you to consider. A couple factors to contemplate when thinking about purchasing emergency or accident insurance: whether or not you live on a busy street where your pet may get hit by a moving vehicle, if there other pets or wild animals in your area where your pet may get hurt, or simply if your pet is clumsy or tends to get herself in precarious situations. These are just a few examples, and accidents do happen all the time. Emergency insurance is a great way to prepare you in case they do, but it may not always be necessary for all types of pets. Disease or illness insurance is mainly for pets that have a tendency to get sick and require more trips to the vet. This type of insurance will cover the costs of those visits, which will likely come in handy as your pet ages. Wellness insurance covers your pet’s yearly exams and possibly any vaccinations she may need. No matter what type of insurance you are planning on investing in, it is crucial that you understand exactly what it covers in order to get the best value for your pet’s needs.