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Today, many companies offer insurance for your pet. However, each insurance company has a different coverage plan. Before you decide which policy is the best for your pet for the money, compare quotes on pet insurance for what the policy covers and does not cover. Insurance for pets is still relatively new and some policies are too... more »
Pet insurance works slightly differently than human health insurance. Pet insurance policies are paid with monthly insurance premiums based on the health of your pet. You can choose a variety of policies based on the health and age of your pet. Some policies cover regular preventative health care such as immunizations and well... more »
If you;re thinking of purchasing an exotic pet, keep in mind the additional upkeep that will be required to keep it healthy and alive. Exotic pets are prone to more health issues and have more specific needs than the average household dog or cat. Because of this, special insurance coverage is needed to cover the more complicated... more »
Almost 75 percent of pet insurance claims aren’t for accidents like swallowing a scruffy ball. They’re for serious illnesses such as cancer, eye or stomach operations--three things that many bulldogs are prone to suffer from. If you take into account a typical visit to the vet, the cost runs on average $30 to $100 for... more »
If you have a pet with a serious illness, you could be faced with deciding on whether that pet should live or whether you'll exhaust your savings for an animal. That's how expensive veterinarian bills are getting. In response to this, some companies introduced pet insurance in the 1980s, which is essentially the same thing human... more »
When you own a pet, most often they become more like family than animals. Just like family...
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Pet insurance is an excellent way of ensuring that if there ever comes a time when you need to pay high medical costs for your pet, you'll have... more »
Most people have health insurance and if they don't they soon know why it is invaluable. Pet insurance is the same. It can cover all your pets... more »
It's very easy to get pet insurance quotes. Most companies allow you to fill out an online form that can immediately provide you with a quote.... more »
If you're a pet owner, chances are you consider your pet to be a beloved, valued member of the family. So you know that proper healthcare is just... more »
It is possible to get pet insurance for exotic pets, although it may take a little research to find insurance for your particular animal. If there... more »
Pet Insurance pays the veterinary costs if ones pet becomes ill or is injured in an accident. Some policies will also pay out when the pet dies, or if its lost or stolen.
The purpose of pet insurance is to mitigate the risk of incurring significant expense to treat ill or injured pets. As veterinary medicine is increasingly employing expensive medical techniques and drugs, and owners have higher expectations for their pets health care and standard of living than previously, the market for pet insurance has increased.
History
The first pet insurance policy was written in 1890 by Claes Virgin. Virgin was the founder of Länsförsäkrings Alliance, at that time he focused on horses and livestock. In 1947 the first pet insurance policy was sold in Britain. As of 2009, Britain has the second-highest level of pet insurance in the world (23%)http://www.independent.co.uk/news/uk/home-news/abandoned-are-britains-pets-the-latest-victims-of-the-credit-crunch-831010.html, behind only Sweden.
How policies work
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.
UK Policies usually pay 100% of vets fees, but this is certainly not always the case. It is typically more common to find UK pet insurance companies discounting their policies by offering their customers the chance to pay an excess fee, just like with motor insurance. Excess fees can range from £40 to £100. The excess is usually fixed by the insurer dependant on the amount of discount they are giving the buyer. In the future more flexible excess levels will probably play an important part of how much one pays for a pet insurance policy.
Policies in the USA and Canada usually offer to pay 80-90% of the costs minus a deductible depending on the com read more at » http://en.wikipedia.org/wiki/Pet+insurance
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