Just as a health insurance is essential to cover your medical costs, the costs of treating the ailments of your pet can be met by a pet insurance. Besides covering the cost of treating ailments, accidents and allergies, a pet insurance plan also covers the kennel fee charged when the pet owner is hospitalized, with no one left in the house to care for the pet.
According to your budget, you can choose a pet insurance plan.
Under a lifetime pet insurance plan, the policyholder can take advantage of a specific amount of money every year, which can be used for treating chronic diseases. Chronic diseases, such as eczema or arthritis require long-term treatment by the vet. There is a maximum limit of money that the policyholder is entitled to spend every year. This amount can be adjusted every time the policyholder renews his pet insurance plan.
Time limited Policy
If you are unwilling to purchase a lifetime insurance policy for you cat or dog, you can opt for the time limited insurance cover. This insurance plan covers cost of treating the pet for a specific period, when the animal falls ill or meets with an accident.
Money limit plan
Money limit insurance plan does not have any specific time span. It can be utilized for treating your pet as long as the maximum financial limit covered by the plan is not reached. In this way, it provides a greater flexibility than time limited plans.
Risks not covered by plans
Pet insurance plans generally do not cover hereditary and pre-existing problems. Measures taken by pet owners to prevent diseases, such as preventive vaccinations, are not covered by the pet insurance policies. Your pet insurance premium rises with the age of the pet. Some insurance companies do not cover animals over nine years of age.
Before buying a pet insurance policy compare the plans and premiums charged by different companies, and select the policy according to your budget.