The type of insurance coverage is based entirely on the policy. Unlike our own health insurance policy, your pet’s insurance acts very much like how your property insurance would. Reimbursement is used after the pet receives its treatment and the owner files the claim. Generally, the pet insurance offered covers dogs, cats and horses. Pet insurance for exotic animals is, however, becoming more prevalent as is also the ownership of those kinds of pets. Just like our own health insurance, the company can cover a percentage (usually 70-100 percent) after the deductible has been met. Pet insurance can be broken down into two categories: lifetime and non-lifetime. The first covers the pet’s conditions regardless if it’s chronic. The second policy does not cover a condition if it is recurring in following years, a factor which essentially means that your pet is covered for a specific condition only once. After that, the owner assumes full financial responsibility. Some companies also limit coverages for pets with pre-existing conditions.
Pet Insurance Coverage and Costs
There are dozens if not hundreds of companies that offer pet insurance. I will focus on ones that have been highly rated. Check out the top 10 pet insurance companies of 2021. Here are a few highlighted and what makes them unique compared to the rest.
Companies That Offer Pet Insurance
- Healthy Paws - This pet insurance company has been rated an A plus by the Better Business Bureau and a top-rated choice by the Seattle and LA Times. You can obtain a rate quote easily based on the breed and age of your pet.
- PetPlan – Annual deductibles start as low as 100 dollars. This company also accepts all dogs regardless of age.
- ASPCA - This company has a minimum yearly coverage cap of 5 thousand dollars up to unlimited dollar amount. You also don’t have to worry about staying in-network as this plan covers any licensed vet visit.