Your pets are part of your family, and they deserve the same protection. From a basic definition to ways to lower your premiums, here’s what you need to know about Pet Insurance.
Pet Insurance: the Basics
Pet Health Insurance works pretty much like any other type of health insurance: you pay premiums and you get reimbursed for certain medical expenses in case your pet suffers an accident or illness.
Purchasing this type of insurance makes sense because veterinary costs are increasing, and you want to be ready in case an unexpected situation arises. Some of the costs that a Pet Insurance policy may cover include:
- Dental issues
- Non-preexisting Illnesses
- And more
When it comes to pet insurance, there are three basic levels of coverage for you to consider:
- Basic coverage: This is the less expensive type of coverage, and the benefits are less generous than with comprehensive coverage (see below). Basic coverage features caps on reimbursements per accident and illness as well as caps for reimbursements per policy term.
- Comprehensive coverage: Costs more than basic coverage, but offers better benefits. While the deductibles are lower compared to basic coverage, it also caps reimbursements per accident and illness as well as reimbursements per policy term.
- Pet well care protection: Covers for preventive care such as vaccinations, flea prevention, and physical exams, with a nominal deductible for other medical services.
Some Interesting Facts About Pet Insurance
As with any other type of insurance, there are some strategies you can use to lower your premiums. For example, many companies offer discounts when you insure multiple pets. In some cases, there is also a spay/neuter discount.
Pet Insurance may be more important than ever. A recent study showed that the COVID-19 pandemic caused an uptick in pet ownership. Now 70 percent of American households own a pet. And while dogs and cats are the most popular animal friends, Americans also own horses, birds, fish, reptiles, and other small animals.
The good news is that almost any type of pet can be insured. Check with the experts at RF1 Insurance to learn more about the best alternatives to protect your pet.
RF1 Insurance Services: Pet Insurance in Ontario, California
Looking for Insurance for your animal friends? The experts at RF1 Insurance Services stand ready to meet all your commercial and personal insurance needs.