When you think of the word “insurance,” what comes to your mind? Most people think of certain policies, such as auto, homeowners, health, or life insurance. Although these types of policies may cover your basic needs in life, they do not account for a major aspect of many people’s lives—their pets.
With the rising cost of veterinary services, the price tag of keeping that extra member of your family healthy is getting more difficult. A visit to a local vet may now cost hundreds of dollars. This increasing trend has led many pet owners to seek pet insurance. Despite the fact that it is a relatively new concept, it is becoming more common across all fifty states.
A basic policy may have a deductible, but it would cover routine veterinary visits (including vaccines), spaying and neutering, and emergency expenses for illness and injury, up to a certain limit per incident and per year.
However, not all pets may be covered. As this is a growing aspect of the insurance industry, you may find that primarily only common house-pets, such as cats and dogs, may be insurable. If you own an exotic animal, check with your insurance provider to see if coverage is available.
Owning a pet may be a rewarding experience for your whole family. If you want to help decrease the cost of maintaining your pet’s health and increase the level of care you can provide to your pet, you may consider pet insurance the purr-fect option.