September is National Pet Insurance Month. This month we talk all about the importance of pet insurance for our beloved pets. Insurance can be a safety net to provide you with financial assistance. It can be used to help you in a medical emergency or other costs. Insurance is an investment in your pet’s health. It could potentially save you money down the road when your pet ages or if there’s an unexpected accident. In this blog, we hope to teach you a bit about pet insurance. We hope to encourage your research into insurance companies to find out if this is the right for you.
What is Pet Insurance?
Pet insurance is the transfer of risk to a third party in exchange for paying a premium. The premium you pay will determine the kind and amount of coverage you get. Your pet insurance company offers different packages and will cover various pet expenses. Life can be unexpected, and all sorts of things can happen. Even when we are careful and as safe as possible it’s important to be protected. As a pet owner, you must assess possible expenses of potential risks. This will help you consider whether insurance may be worth it in the long run. It may be more beneficial to have pet insurance than possibly surrendering or putting down your pet due to unaffordability.
What Does Pet Insurance Cover?
Pet insurance can cover any potential expenses. From minor medical expenses to more expensive and serious ones, your pet will be covered. When researching a pet insurance company, be sure to look at the different coverage plans and which may be more suitable for your pet. In general, if you purchase a coverage plan that focuses on covering minor medical expenses, then there may be a higher premium to pay monthly or upfront. More extensive medical expenses may offer a different premium amount that can be paid upfront or in monthly installments depending on the medical package.
Benefits of Pet Insurance
The most significant benefit of pet insurance is knowing your pet is protected and insured against any surprises life has in store. With pet insurance, there is less stress about finances and more time to worry about your sick or hurt pet. Pet insurance can help with medical costs, especially if you have an old and ageing pet with poor health. Without all the money going to medical expenses and medications, you’ll have the money to spend on other things to help your pet live more comfortably and spoil them to the end!
How are Costs of Pet Insurance Determined?
Pet insurance can range in price, so be sure to research and compare and contrast the various packages and coverage plans that companies offer. The cost of the premium is usually determined by the type of coverage you are looking for. The species and breed you are covering also determine costs and the age and overall current health of your pet. Typically a mixed breed pet in a healthy weight range can expect lower rates as they may not be at risk of potential genetic issues that are more common in pure breeds. Pets that remain indoors are also more likely to have lower rates as there is less exposure to potential risks at home. Your pet will be assessed depending on the information you provide, so be sure to get multiple quotes to get the best price for your budget.
Pet insurance ultimately provides peace of mind for a pet owner. The importance of pet insurance can range depending on the needs of your pet and your budget. It’s never a bad idea to look into pet insurance and see if it’s something that would benefit you and your pet in the long run.
One way to ensure your pets stay in good health is to take them on regular walks. Check out our dog walking services for more information.