Pet insurance has become necessary for most pet owners with the advance of veterinary medicine and the related increase in costs, The good news is that the increased competition amongst pet insurance companies has led to the reduction of pet insurance costs resulting in an abundance of cheap pet insurance plans. Cheap pet insurance coverage, plans and premiums vary depending on the type of pet covered.
Many pet owners believe pet insurance is a variation of human health insurance; however, pet insurance is actually a form of property insurance. As such, pet insurance reimburses the owner after the pet has received care and the owner submits a claim to the insurance company. Pet insurance policies primarily cover dogs, cats and horses through more exotic species of animal can obtain coverage.
Some of the cheapest pet insurance products available are those that cover cats and dogs. It may, however, prove difficult to find cheap pet insurance for less common pets such as birds. Now that you know that there are cheap pet insurance plans out there, the only thing is to know how and where to find them. Fortunately, by browsing online, it is easy to find cheap pet insurance.
Just remember to do some price comparisons in order to ensure that you get the best pet insurance deal
When you are shopping for cheap pet insurance, you should take the following into consideration in order to make a good purchasing decision. The first thing is to check the deductibles offered. You will find that most cheap pet insurance policies come with high deductibles for purposes of minimizing risk to the insurance company.
It’s therefore important to buy a policy with an average deductible amount as higher deductibles will only serve to negate the whole purpose of having pet insurance. Another thing to consider when shopping for your cheap pet insurance are the limits.
This is because insurance covers will typically have certain limits, such as preexisting health conditions or even the age factor of your pet. It is therefore advisable to purchase a cheap pet insurance policy with minimum limits associated with the cover.
The 2 categories of insurance policies for pets
The non-lifetime covers buyers for most conditions suffered by their pet during the course of a policy year but, on renewal in a following year, a condition that has been claimed for will be excluded. If that condition needs further treatment the pet owner will have to pay for that him/herself.
While the lifetime category covers a pet for ongoing conditions throughout the pet’s lifetime so that, if a condition is claimed for in the first year, it will not be excluded in subsequent years.
However, lifetime policies also have limits: some have limited “per condition”, others have limited “per condition, per year”, and others have limits “per year”, all of which have different implications for a pet owner whose pet needs treatment year after year, so it is wise to be clear which type of life policy you are considering.
The 2 main cheap pet insurance plans available on the market
These include pet health insurance and pet liability insurance. Pet health insurance will cover your pet in the event of injury, sickness and medical checkups. Various pet health insurance plans offer different coverage. In most cases, you can find a good cheap pet insurance policy which covers annual checkups as well as emergency medical treatments.
Pet liability insurance is important as you never know when your pet could harm your kids or neighbours, whether intentionally or not, thereby leading to injury or death. It is therefore of the utmost importance to purchase a pet liability insurance policy which will provide financial cover against damages incurred due to the violent behaviour of your normally non-violent pet.
A good place to begin your search for cheap pet insurance policies is by finding one that covers most claims for the least amount of money. You may begin by browsing the websites of major pet insurance providers and take a look at their policies and premium amounts, not forgetting the deductibles.
You could also call these companies and request for a quote or even attempt to negotiate a better deal on your pet’s insurance cover. This is the smartest way of finding a good pet insurance plan that is pocket-friendly as well. You can visit the dog insurance reviews website to get the best pet insurance deal.