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How Does Pet Insurance Work?

Pet Insurance in today's modern world can cost as little as $5-$8 a month, or fetch upwards of $50 per month or more! Dependent upon the animal type, pedigree, age (typically a substantial premium increase around 6-10 years old or more), preexisting conditions, and even location.

Much like other forms of insurance, there are a wide variety of coverage plans available to insure your pet. Some pet insurance plans work on an annual basis, requiring a monthly or annual (typically discounted if you pay at once) payment.

Some pet insurance plans, typically when it's youngest or you're just starting out, will honor the same price for the previous year, dependent upon if any, the nature of previous claims, the previous, and current condition of your pet or pets.

Ironically enough, location does in fact play a factor. Understandably, this makes sense--considering if you live in a highly populated area or a major city, as the likelihood of injury or loss can double or even triple. Therefore, pet insurance providers reflect such possibilities and variables in the premium quote that they offer to you.

For others, and it's definitely a valuable option, and you may even be able to obtain a lifetime pet insurance plan-dependent upon the agreement and stipulations of the contract, your pets previous, and of course current health condition.


While some although not most pet insurance plans do cover costs of advertising for your lost pet, traumatic injuries, or even medicine, it can be extremely costly. As much as we hate to say it, the more you value your pet's life and future are to you, the more you should prepare to shelling out a substantial amount of money on a monthly to annual basis - as needed or not.

Just as with many other types of insurance policies; there might be a deductible, limited-coverage, or pet insurance plans that are specifically designed to only handle life-threatening illnesses, required inpatient treatment, and or not include medications. These are all very valuable factors to take into consideration when determining the most beneficial or practical pet insurance plan for you - since the circumstances for each individual might vary, as well as the pet, and naturally an older or previously sick pet may be more prone to illnesses in the future.

Unfortunately, many pet insurance carriers beyond a one year limit will refuse re-signing or providing continued coverage to a pet for insurance if it has already had a recent sickness or disease - and you'll be required to verify and have your pet evaluated at an approved veterinarian before determining whether or not you and your furry friend are eligible for coverage in the future.

Ultimately, shopping around and weighing the pros and cons of each plan, taking your time, and understanding the cost to benefits ration of short-term or long-term care might best benefit you. Determining whether pet insurance is right for you and your little furry ball of joy should not be avoided or viewed as an impossible task by any means!




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