Is Pet Health Insurance For You?

It wasn't that long ago when you could only get insurance for people and property. But for some time now, pet owners have been demanding insurance cover for their pets and the insurance companies have been listening. With the cost of veterinarian care spiraling ever higher, many pet owners are choosing to insure their pets against illness or accident. In doing so, they are not hit with unexpected medical costs that can and often do run into many thousands of dollars.

When people ask me, "what insurance company do you recommend", this is what I tell them.

Firstly, it is important that you do a little bit of research. Create your own simple pet insurance comparison chart. All pet insurance providers have differing insurance options available and of course, every pet and their owners have differing needs.

There are however, a handful of pet insurance 'must-haves' that absolutely must be included in your policy. If not, when the time comes to call upon the policy, you might find yourself out in the cold. By including these five elements in your pet insurance plan you will know you're covered no matter what happens. I'll discus these five elements in more detail in a moment so you'll know exactly what to look for.

Begin by short listing three or four pet insurance companies and request a free quote from each. The information you will typically provide is your pet's age, breed, any pre-existing conditions, and so on. You will also want to know about the costs involved, what exclusions there are, what's deductible etc. Most pet insurance companies have application forms online.

Once you have the policy information in front of you, start thinking about what your pet's needs are likely to be, how's your pet's health? Is she healthy or is here some type of medical condition. Then compare the different offerings of each company and their cost structure. By comparing the plans offered by each pet insurer, you can get precisely the type of pet insurance you need at a price you can afford.

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