Best Pet Insurance Companies for 2019, According to Actual Pet Owners
Like all pet owners, excuse us, paw rents – can attest, there is nothing like coming home with a wagging tail or a purr, cookie making ball of down. That being said, there is nothing more shocking than expecting to come home with said tail / ball of fluff, only to be greeted by a few whiners accompanied by a limp, puddle of vomit. or – even worse – an unsettling silence.
When a pet doesn’t act like them, the last thing you want to worry about is how you’re going to pay for their emergency care. This is why there are mutual funds for pets: they cover the medical care of your animal in the event of an unforeseen health problem so that you do not have to choose between the welfare of your animal and your savings account.
Pet health insurance plans work the same as those for humans in that they typically charge an annual deductible, require you to pay a monthly premium – approximately $ 28 and $ 45 per month on average for cats and dogs, respectively – and involve filing a claim for benefits after spitting out some out-of-pocket expense. And just like with human plans, you have tons of questions for a pet insurance company when you start looking for a policy: Do you want a plan that covers accidents, illnesses, or both? Are there any waiting periods after the effective date of your policy? Are the exam fees covered? What if your pet is not a dog or a cat?
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Older pet owners should be especially curious, as some plans do not include coverage for chronic disease and cancer treatments, or limit coverage after a certain age. (Oh, and spoiler alert: No pet insurance company covers pre-existing conditions, and virtually none covers wellness checkups, routine care, cosmetic procedures like tail trimming or dental visits unrelated to the injuries.)
Deciding whether or not to purchase pet insurance is a big decision rooted in both finances and emotions. And of course, pet insurance isn’t for everyone. For example, pooches are less likely to inherit genetic diseases (i.e. certain cancers, hip dysplasia, and heart problems) than their purebred counterparts, so you could get away without insurance for your. Dachshund / Chihuahua / Shih Tzu / Great Dane hybrid. Maybe you feel more comfortable setting aside around $ 30 per month as an unofficial emergency fund for your pet. Or maybe you’d rather bet that the chances of your pet being seriously injured or ill are relatively slim, and end up deciding that going without insurance is worth the perceived risk. It’s totally up to you.
If you choose * to opt for pet health insurance, welcome! You’re in good company: there were over 2 million insured pets in the United States and Canada in 2018. That’s a small portion of the overall pet population, but a 17% increase in registrations from the previous year. This small but growing market is currently inhabited by a dozen different pet insurance companies, and each insurance plan offers coverage with different benefits for different pets and different budgets.
So. Which pet insurance plan is right for you? We were wondering the same, so we decided to go and get a bunch of customer reviews and scour the vendor websites to find the best values for various needs. Here is what we found.