Pet Insurance is readily available
When it comes to pet insurance, many consumers are still unsure of what the industry has to offer. While they are familiar with their own health insurance, when it comes to coverage for their pet they don’t know the first thing about getting started. Fortunately, this industry has grown quite a bit over the past few years and there is no sign of it slowing down at any point in the near future. With this in mind, before purchasing a policy you need to know what is available and what you are getting in return for your money.
Can I still use my Vet?
You are generally free to visit any licensed vet throughout the world, including emergency providers as well as specialists. This is great flexibility and has become an industry standard for the most part. But if this is an important factor for you then make sure your provider covers it.
What type of coverage is offered?
This is based on the type of plan that is selected, but each one provides coverage for a variety of illnesses and injuries. Here is where you can save a tremendous amount of money in the event of a catastrophic injury or illness. The out of pocket costs for to treat these situations without insurance can be a major burden.
What is not covered?
Just the same as health insurance, you cannot expect everything to be covered. Some of the things that are not included in a policy are: pet food, congenital conditions, elective procedures, behavioral problems, grooming, and pre-existing conditions and routine checkups.
Does Pet Insurance work like an HMO?
Generally all medical decisions are left up to the client as well as their vet, meaning you are in position to choose the type of coverage that is best for your pet. Along with this, you are in position to visit any licensed vet throughout the world. So Pet Insurance works in its own unique and convenient way.
What do I need to know about how the benefit schedule works?
No matter which plan is selected, there is a benefit schedule that shows what is covered. This means there is no guesswork. When you submit a claim, you can expect to be reimbursed based on the benefit allowance provided by your plan. Typically, all benefit allowances renew each year regardless of how many past claims have been filed.
Will older pets lose coverage?
Most plans are set up so that as long as the animal is enrolled before the age of 10 and you continue to keep the policy active, the pet will never lose coverage. This is great flexibility for the pet owner who has learned about the availability of pet insurance after they buy their pet.
Will a new claim result in a higher premium?
You don’t have to concern yourself with a higher premium just because your pet gets hurt or sick. This generally does not have an impact on your premium. This is great because you can rely on knowing that the cost out of pocket is the same, but that the insurance company will cover the bill if your poor dog or cat gets sick or injured.
How long does it take for my policy to become active?
Generally speaking, there is a 14-day waiting period once the application is approved and payment is made. This is extremely fast considering what is at stake. You can often get price quotes in under 60 seconds.
How do I file a claim?
Filing a claim is a simple, three step process: Step 1: Pay for any treatment at the time of service. Step 2: Submit a claim form, along with your invoice, via email, mail, or fax. Step 3: Wait to receive reimbursement based on your benefit schedule. It is that easy!!
Can I cancel my policy at any time?
Your policy can be cancelled at any time, even if the term is not up. This is the ultimate in financial flexibility. Thank you for reading our article regarding frequently asked questions about pet insurance.
