Pet Insurance Guide
Summary of Key Points
- Do not pick pet insurance based on cost. Pick it based on the
coverage it provides.
- Use pet insurance like you do any other insurance...as a way to give
you a peace of mind against unexpected, high costs. Do not buy
it with the expectation that you will save money as this is not always
- Pet insurance is similar to human health insurance in its use of deductibles,
co-pays and maximum payouts.
(Lesson 2 Pt. 1)
- With pet insurance you pay the veterinary bill directly to the veterinarian and then you are reimbursed by the pet
insurance company after you file your claim.
(Lesson 2 Pt. 2)
- With pet insurance you can visit any licensed veterinarian in the US. Some plans also allow you to visit a licensed
veterinarian in another country while traveling.
(Lesson 2 Pt. 2)
- Before you buy pet insurance, determine if you need it.
(Lesson 4 Pt. 1 - 3)
- Make sure you pick the right Maximum
Payout structure. Calculate your "Worst Case Scenario Costs"
and pick a Maximum Payout structure based on it.
- If possible, pick plans that have:
- Coverage for Cancer
- Coverage for Hereditary & Congenital Diseases
- Coverage for Chronic Disease
- Continual Coverage for Chronic Diseases
- Coverage for Medical Conditions Common to your Pet's Breed & Species
- Make sure you understand the Additional Things you Need to Know Before
you Buy Pet Insurance.
- Never buy pet insurance without doing your research.
- Read the written policy of the pet insurance company. Make
sure you understand all the exclusions
and requirements listed in
- Do not wait until your pet has an illness or injury before you buy pet insurance as it will be
considered a pre-existing condition and will not be covered by your policy.
Get pet insurance as early as possible.
Pet Insurance Guide - Lesson 9