There are many factors to consider before deciding on whether to purchase a pet health insurance policy. Premiums typically rise with age and most insurers will decline coverage for pets that are older than 14 years. However, you can lower your premiums by changing policy details, such as the reimbursement percentage or the deductible. However, this will increase your monthly payments. Below are some tips to help you choose the best pet insurance policy for you and your pet.
If your pet is in good health, a higher deductible will lower your premiums. However, if the unexpected happens and your pet gets sick, the higher your out-of-pocket expenses will be. Check with your insurance company for a money-back guarantee – most companies honor this policy. If you aren’t satisfied with the service, you can get your money back within 30 days of enrollment.
It’s best to check the costs of services at different veterinarians. If you live in an expensive area, try calling veterinarians in neighboring states and ask for price quotes. You might be surprised at how much you can save if you travel out of state for treatment. In such cases, your insurance company may even reimburse you 80% of your vet bills. If you can afford it, consider taking out a policy.
Accident and illness policies cover accidents and illnesses, while accident-only plans only cover injuries. Accident-and-illness policies cover more extensive services, such as dog dental care. But make sure to check the exclusions before you buy a policy. Accident-and-illness policies will typically reimburse you for a wide range of services. You can also add wellness coverage if you want to see a veterinarian regularly.