What to Know Before Investing in Pet Insurance

What to Know Before Investing in Pet Insurance

As a member of your family, your puppy’s health is important. You want to make sure that they are as happy and healthy as possible. But what happens if you need to take your pup to the vet for an emergency procedure, or they fall ill? It’s becoming more and more common for pet owners to invest in pet insurance. Many Fortune 500 companies are even starting to include pet insurance in their employee benefits package! If you’re reading this, you’re more than likely thinking about getting coverage for your pup. That’s why the team at Happy Pup Manor put together some information on pet insurance, including what to double-check before choosing your provider.

What Is Pet Insurance and How Does It Work?

Pet insurance works very similarly to how human health insurance works. There are different levels of coverage, coverage exclusions, and yearly premiums. Unlike human insurance, however, most pet insurance companies have you pay your vet bill in full at the time of service and then process and reimburse you. Depending on the company, the payout can occur the same day as your vet visit or could take up to a month.

The cost of coverage can also change from year-to-year and breed-to-breed. Coverage is also dependent on the plan you choose, the age of your pup, and the general increase in veterinary care from year to year.

What Does Pet Insurance Cover?

How much or how little your pet insurance covers depends on the plan you purchase for your pup. Looking at the different plans and figuring out which will best benefit you and your pup is a good idea. Many companies offer accident coverage, illness coverage, and a combination of both. Companies are even adding wellness coverage that covers annual exams, shots, and other wellness procedures. It is important to note that no pet insurance company or coverage option covers the cost of treatment for pre-existing conditions.

When to Purchase Pet Insurance

It’s best to purchase insurance for your pup as soon as you bring them home, to avoid any issues with pre-existing conditions.

Questions to Ask When Looking Into Pet Insurance

There is a lot of information out there about pet insurance. You’re more than likely going to get overwhelmed when looking through the different insurance companies and policies available for your pup. When you’re looking for the best coverage, keep these questions in mind:

• Does the company have a good reputation with pet insurance?
• What care is included/excluded in this coverage plan?
• If my pet is diagnosed with a condition within the first year of coverage, will it be considered a pre-existing condition?
• How do premiums change each year, if at all?
• How quickly can claims be processed/when will you receive a reimbursement?

Having an idea of what you’re looking for in your pet coverage will also help you keep your thoughts straight when looking at the different plans. Create a list of “musts” that your ideal plan will cover. Always ask questions regarding your pet’s coverage and request a comprehensive breakdown of exactly what you will be paying.

Now that you have all the information needed to make the best decision regarding pet insurance, you can think about day-to-day life with your pup. If you’re looking for training or boarding for your furry companion, contact Happy Pup Manor! Call or schedule a time so speak with our trainers that is convenient for you by filling out our online form. Our team is eager to discuss your pup with you and how we can help transform your puppy into a well-behaved member of your family!