Finally you have decided to take a pet insurance for your beloved pet. Then next that you need to know is to make a planned prudent decision. Never jump in to the first insurance company that comes to you with an offer. Pet insurance can be a costly affair if not properly investigated. Jot down your requirements and get the quotes from several companies. Make a comparison and then take an informed final decision.
Choosing the right policy for your pet is the major decision making process. Consider the following aspect while picking the Best Pet insurance policy:
Early start for better cover
It is always wise to take a policy at the young age of your pet. This way you can reduce the premiums as older dogs will have higher premiums. The type of policy depends upon the frequency of your visit to the vet. If your dog need frequent visit to vet then pick policy that can cover most of the bills. Choosing a lifetime policy cover is a great option. However, it comes with high cost too.
Consider the time of claims
The Best pet insurance policy is one that can be claimed according to your requirement. Generally the claims for pet insurance come under the following categories:
Per year: Claim can be made only once in a year up to a certain amount. On expiry of the year, renewal of the policy and the amount is done.
Condition: Can be claimed any number of times but specifically for a medical condition treatment. The policy expires after a year and no further claims for the same condition can be made.
Condition in year: Covers most of the conditions in a given year.
No time bar: kind of lifetime cover for a particular year up to a specified amount for all medical conditions.
Amount of cover
You must now look into the maximum cover amount of the policies. This again depends upon the age, place you reside, premium paid and so on. Look for cover that can mitigate most of your vet’s medical bills.
You must pick the best policy that can cover your dog’s current medical condition. In case, your dog develops any kind of hereditary conditions then the policy must be such that they are also covered. Only then your vet visit can be a tension free affair.
Many pet owners overlook this concept. In case of any damage caused by your dog’s negligence, either to property or person, you may have to bear the expenses. Pick policies that can cover such liabilities even.
In case of loss
Several high breed dogs are very expensive. You might shell some dollars to own the pet. In case of theft of the pet, your policy must be able to compensate the loss. Similarly, in case of the death of your pet due to accidents must also be well covered in the policy. In such conditions you must be paid the purchase price of the pet rather than the market value.