Author: Katie Elleray
As a pet owner, getting pet insurance for your furry friends is one of the most responsible things you can do. Not only will it help you to afford vet services, but it can also give you priceless peace of mind, knowing that your pet will be taken care of.
If you’re still on the fence about pet insurance policies, let us convince you by answering some of the most frequently asked questions:
1. How does it work?
Pet insurances, in most cases, work just like the health insurance plan that you have. You pay a premium either monthly, quarterly, or annually for insurance policies or plans that will cover vet bills and other types of pet services that your pet might need.
And just like health and life plans, pet insurance also comes in several policy levels, depending on the extent of the coverage or how much you can afford.
When it’s time to finally use your pet’s insurance, what normally happens is that you’re going to pay the services initially, and then you’ll make a claim to your insurance provider.
They can pay you back the whole amount of the bill or just a portion of it, depending on your policy coverage.
2. What are the benefits of pet insurance?
Pet insurance policies can cover a lot of pet services that your furry little friends need in their lifetime.
Essential vet services like emergencies, surgery, dental care, vaccinations, regular check-ups, and preventive care are normally included in pet insurance policies,
If your pet is involved in an accident or gets serious complications, your policy can help cover the bills, so you don’t have to pull all the money out of your savings account.
But aside from the pet services covered by your policy, what you’re really paying for is peace of mind.
Vet services are not cheap. That’s why whenever your pet becomes seriously sick or gets injured badly, you are often left with a tough decision, especially if you can’t afford the treatment.
But if your pet is insured, you don’t have to worry about a big lump sum payment because the insurance policy will cover it or a big chunk of it.
3. How much is a pet insurance policy
Pet insurance is not a one-size-fits-all. Several factors will impact your monthly premiums. Below are only some of them:
- Breed and type of your pet
- Pre-existing conditions
- The coverage you want. It ranges from high-level coverage or limited scope
- The pet insurance company
On average, pet owners in Australia spend about $20 to $60 a month for pet insurance, or roughly $240 to $720 a year. But the price is still heavily dependent on the type of policy you choose for your pet.
4. What are the downsides of pet insurance?
As great as pet insurance can be, there are also some downsides to it. Just like anything else.
For example, if your pet already has a pre-existing condition when you applied for pet insurance, you might pay for more expensive insurance than normal.
If you can’t afford it, you can still apply for a policy. However, that specific condition will be left out of the coverage, which defeats the purpose of getting insurance.
Another common issue in pet insurance plans is that there are annual services covered in the policy that your pet might not always need.
This is one of the main reasons why some pet owners are hesitant to get pet insurance because they think that they’re paying for things that their pets don’t need.
5. So, should you get pet insurance?
There’s no doubt that a pet insurance policy is one of the best things that you can get for your pet.
Not only will it allow you to afford urgent medical care in the best emergency hospitals like Bundaberg Emergency Animal Hospital, but it can also give you peace of mind whenever emergencies happen to your pet.
That’s why we suggest that you get one for your pet, as soon as possible.