How to Decide on Pet Insurance

When you buy a pet, the last thing on your mind is the vet bills that will pile up if your pet becomes ill. Unfortunately, many pet owners wait until a pet becomes sick to consider pet insurance. At this point, it is too late since pet insurance will not cover pre-existing conditions. The time to decide on pet insurance is when the pet is young.

Difficulty: Moderately Easy

Instructions

1. Talk to your veterinarian. Find out what their opinions are on pet insurance and if they recommend any particular companies.

2. Look into several different pet insurance carriers. Pets Best and VPI are two of the most popular choices for pet insurance. Call or go online to compare their rates.

3. Find out what is covered by the plans. Most companies will give you several plan options to choose from. The lower rate option will usually offer enough coverage for the average pet.

4. Choose a company that offers discounts on multiple pets. Certain carriers will charge you one low monthly rate for coverage on several household pets.

5. Sign up for a plan with a low deductible. You will not want to pay a monthly charge as well as a deductible more than fifty dollars every time that you use the insurance.

Tips & Warnings

• Pet insurance companies allow you to visit the vet of your choosing. You pay the vet directly and then file a claim with the insurance company to receive reimbursement.
• Comprehensive pet insurance typically covers major illnesses and accidents. Routine coverage will pay for vaccinations, physicals and prescription medications.

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