What Is Pet Insurance
Investing in pet insurance will save you from incurring huge veterinary bills!
There are several meanings for what is pet insurance, but in a straightforward term, pets insurance can help in the consistent checkups of your pets and assist in case of emergencies too. It is intended to give convenience to the pet owners, to deal with the rising veterinarian bills. If you have a cat or a dog, you know how costly an emergency trip to the veterinarian can be.
Our furry friend depends on us to give them the best possible care no matter what happens. With the advent of the pet diseases and cancer on the rise, the statistics are raising eyebrows: One study found that nearly half of all dogs that are at least 10 years old die from a disease. Unfortunately, with the rising cost of a veterinary bill recently the only way we can afford this bill is by purchasing pet insurance for our pets.
Throughout the years, as the technology advanced so has the cost of veterinary care. Veterinarians nowadays offer treatments like MRIs, CAT scans, and ultrasounds that were unbelievable just a few years ago. Heart surgery, laser surgery, kidney transplants and even chemotherapy are among the many possible options available for the treatment of infected pets.
With these advancements, veterinary bill now runs into thousands of dollars. This makes pet insurance more significant than any other time in recent memory for pet owners. As indicated by the American Pet Products Association (APPA) 2015-2016 National Pet Owners Survey, it is evaluated that pet owners will spend about $ 62.75 billion in the United States in 2016, with $ 15.92 billion $ Spent only on veterinary care. While veterinary medicine continues to progress, these numbers are expected to increase.
It is very unfortunate that only a few pet owners are aware this great opportunity, this policy helps pet owners financially, hence saving them steep expenses when they visit the veterinarian. For example, if their pets are injured or sick, the pet could be treated by the veterinarian and the claims are sent to the policy provider for payment.
There are a lot of pet insurance policies that cover everything from schedule visits to emergency surgery. And a wide range of plans available for you to choose from. The basic policy will focus on things like accidents or illnesses, X-rays, prescription drugs, hospitalization, and even treatment of chronic infections.
Just like humans’ life insurance policies, pet’s insurance plans are the same. Insurance premiums are influenced by the health, breed and the age of your pet, and also the type of animal. Pet health insurance is a thriving market; one that allegedly grown at a yearly pace of 45 percent in the last few years. It is a smart thought to converse with your veterinarian before getting a pet insurance. Get a good understanding of which pet insurance companies offer the best pet insurance and coverage levels that they are aware of in their experience.
Keep in mind that it is their job and they are familiar with the best pet insurance policies. Do your own research and accept their recommendations if they are willing to provide. Getting insurance for your pet is an investment that will let your pet have exceptional health care from the first day you bring him or her home. Recently, insurance companies have begun insuring pet from six months old, and some do not offer coverage to pet if it is more than eight years old. Investing in pet insurance is a smart decision that will save you from incurring huge veterinary bills.
Updated: September 21, 2017.