Pet Insurance
What is Pet Insurance?
Pet insurance is health coverage for your pets, regardless of what type of pets you own. It has existed for nearly a century. Pet health insurance works in the same manner as human health insurance. You pay a monthly premium, and depending on the coverage, you pay a co-pay when your pet goes to the veterinarian. For people with multiple pets, this insurance can be a true lifesaver. You can start your pet on this insurance at about 6 to 8 weeks of age. There usually is no age limit as the animal grows old.
What it Covers
Shots, medical procedures, annual check-ups, tests, screenings, spay and neutering, surgeries, emergency visits, and hospitalization are covered by pet insurance. Some insurance plans cover the cost of euthanization and cremation.
Pre-existing Conditions
A pre-existing condition is a medical condition that the pet has when you want to start them on insurance. Sometimes pre-existing conditions are covered by the insurance plan, but there will be certain stipulations. Some policies will cover pre-existing conditions after a waiting period. Other policies will cover the condition as soon as your pet is stable.
History
Pet insurance actually started in Sweden. Today the United Kingdom has the largest pet insurance market in the world.
- In 1924 the first pet insurance policy was written in Sweden. The pet was a dog.
- In 1947 the first pet insurance policy was sold in Great Britain. Pet insurance took off wildly. Today, over 18% of UK’s pets are covered by pet health insurance.
- 1982 was the year the first policy was sold in the United States. The policy covered TV’s famous dog, Lassie.
Costs
Pet insurance costs will be different depending on several circumstances. The company writing the policy, which policy is chosen, how comprehensive the coverage is, and how many animals will be covered by the policy are all deciding factors and all affect the price. Many companies offer a discount if multiple animals are on the policy or if you buy the insurance online. As a rule, pet insurance should cost just a few pounds a month to have.
How to Get Insurance
The best ways to get pet insurance are to
- Pick a level of coverage: If you do not know what you should carry on your pet, talk to your vet. He will know your pet just about as well as you do.
- Get a pet insurance quote: this is especially easy now, with the internet. No phone calls needed. Just a few clicks of the mouse.
- Enroll at your convenience: Find the insurance company you wish to do business with and enroll. This is done on the internet too.
Pet insurance has come a long way since it first started back in 1924. Now you can buy a policy that will deal with just minor incidents, to major problems like cancer or car trauma. It is designed to help save you money and that is what it will do.
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