Pet insurance covers an individual’s unexpected and expensive veterinary bills. Unexpected veterinary bills can be costly, and cancer alone costs over $2,900 a year on average (according to Pets Best 2016 claims data). Unfortunately, many have been there or have known someone who has a dog or cat that suddenly needed emergency (and expensive) medical care. It is important for this individual to get Progressive Pet Insurance and so as to be prepared to cover unexpected and expensive veterinary bills. Plus the well-known regular expenses for chronic health conditions, such as diabetes and allergies.
PET INSURANCE AND HOW IT WORKS
Pet insurance covers cats or dogs and an individual can get a plan for pets aged seven weeks and up. The individual can pay monthly or annually and his/her cost depends on how much coverage he/she wants. He/she will choose a reimbursement option when he/she enrolls. Once one meets his/her annual deductible, he/she will get reimbursed for 70%, 80%, or 90% (depending on option selected) of his/her veterinary bills for all covered illnesses and injuries.
Individuals should bear it in mind that, this is different from Pet Injury Protection, which is included in a Progressive auto insurance policy that has collision coverage. Pet Injury pays certain amounts for medical care if one’s dog or cat gets hurt in a car accident.
PET INSURANCE PLANS
It is also important for an individual who has dogs or pets to get a pet health insurance quote and be sure to choose the desired plan. Plus, customizing plans to fit coverage and budget needs.
Accident and Illness Plans
This type of plans have been seen as the most comprehensive and popular plan, it covers accidents, and illnesses, among others.
Accident Only Plan
This is a type of pet insurance plan that covers accidental injuries only (does not cover illnesses).
Wellness Routine Care Plans
This is a type of pet health insurance that covers routine and preventative care.
What’s not covered by pet insurance
In as much as pet health insurance covers accidental injuries, illnesses, including preventive care, it is also expedient to note and understand that there is some coverage that may not be gotten in pet health insurance, they are as follows:
Pet insurance cost
An Accident and Illness Plan can cost as little as $1/day even with a 90% reimbursement option. That means that after one meets his/her annual deductible, the insurance company will pay for 90% of covered expenses, and the member will only pay for 10%. He/she will need to get a quote for his/her pet to see how much it’d cost (since the price depends on the age, breed, and location of the pet). One can adjust his/her plan limits and even remove some coverage options, to fit coverage and budget needs.
Pet Health Insurance doesn’t cover pre-existing health conditions.
It’s best to get kitten or puppy insurance or to get newly adopted pet enrolled in insurance as soon as possible before they have health issues since pet insurance doesn’t cover pre-existing conditions.