Recently, the website Live Insurance News published an article on the benefits and drawbacks of pet insurance. I thought it was a good description of pet insurance from an unbiased party. The article gave some good facts and let the reader make the decision if pet insurance was right for them.
The bulk of the information given was as follows:
According to most veterinarians, if it comes time that a pet will need a form of major surgery, than the insurance policy will pay for itself with that one event. It is important to recognize, though, that pet insurance will not provide coverage for conditions that are pre-existing, so it is typically recommended that you buy a policy as early as possible in the pet’s life as the premiums will be cheaper and more conditions will be covered.
Typical pet insurance can be as inexpensive as about $15 per month for a basic insurance policy or can be as much as $75 for a comprehensive coverage plan. The majority of policies will provide a reimbursement of between 80 and 90 percent of a covered claim.
Trupanion provides 90 percent coverage. We offer the most comprehensive coverage for accidents and illnesses and offer the best value in the industry.
To read the full article, visit Live Insurance News here.