Once you’ve decided you’re considering insuring your pets, the next step is to get a little more educated on what exactly pet insurance is, and what it entails. There are a variety of different options out there that might be suitable for your family, so it’s important to compare pet insurance not just for best value for money, but also for everything you need to be covered by that monthly cost. Here are four of the main types of policy you might choose from for your furry friend:
This insurance covers your pet in the event that something unexpected occurs that results in a vet visit or even further treatment. These policies often include a fixed sum of money to cover accidental injury, whether it’s a broken bone, a run-in with a car or some cuts and scrapes. These types of policies don’t include other forms of illnesses or disease, however, so may not be suitable to cover all eventualities.
Known often as a 12 month policy, this type of pet insurance in fairly easy to decipher; it offers your family a fixed amount of money to cover injuries or illnesses within a span of time, often a year, to cover treatment and recovery from that condition. Longer-term diseases or complications would not be covered by this kind of pet insurance, but for shorter-term accidents and illnesses it can be a good fit.
Lifetime Pet Insurance
One of the more common and practical forms of pet insurance, lifetime insurance offers ample cover for the furry members of your household, with a policy that requires renewal every year and covers just about every eventuality, from long-term illnesses to unexpected accidents or problems. As long as the sickness rears its head after insurance is in place, and that policy continues to be renewed, your pet can be provided with the best possible care for chronic or ongoing conditions.
A shorter-term version of other pet insurance policies, maximum benefit insurance works a little differently, by providing a maximum amount of money paid to cover each accident or illness that occurs. Once the cost of care and veterinary support exceeds that amount, no more is paid out by the insurance company to help care for your pet.
Depending on your circumstances and requirements any of the above policies and pet insurance methods might be suitable for your family. The great thing about pet insurance is how tailored it can be to your needs, so compare pet insurance to find the best deal for you.