Just like any other forms of insurance, pet health insurance can also be a gamble. You will be betting if your cat will need it or if the insurance company is setting the odds that it won’t. There are factors to consider before buying a health insurance for your cat. In fact, you can also decide against it, especially if you think your cat no longer needs it. You may also consider your own situation and your willingness to gamble.
When considering buying a pet insurance for your cat, here are some questions you need to consider:
Does the Insurance Company Uses a provider List?
It would be beneficial if you talk first with your veterinarian before buying a health insurance for your cat. If your veterinarian is listed on the insurer’s approved list, then you are one step ahead. The good thing is most pet health insurance allows pet owners to use any veterinarian they will choose. Also, check first the company’s policy before signing.
What are the insurance policy exclusions?
All cat health insurance policies have exclusions. Among the most common exclusion is the “pre-existing condition” which is ranges from medical conditions, injuries and other evident symptoms prior to enrolment. If your cat isn’t in relatively good health, this issue is something that you should take into consideration. Some of the exclusions may include spaying or neutering, vaccinations, heartworm medication, hip-dysplasia, dental care, flea control and other limitations for particular illnesses of cats that were not neutered before their first birthday.
What are the insurance’s deductibles and co-pays?
Deductibles and co-pays are also termed as “co-insurance”. It can be significant, depending on the company policy. Some insurance company charges flat deductibles which range from $50 up to $100 depending on your cat’s age. Also, most policies required co-pay of up to 20% of your veterinarian’s fee.
What is the insurance’s Incident, Annual or Lifetime Caps?
Most insurance companies provide a maximum amount in each illness or procedure they cover. In addition, some of the companies utilize an annual cap but no further coverage will be provided within that particular year. Another cap used by some pet insurance companies is called the lifetime cap. Some companies offer $ 12,000-lifetime caps. However, only one in 50,000 cats exceeds that amount in a lifetime.
Does your insurer offer several options or do they offer just a “One Size Fits All” policy?
The good thing is that most companies offer varieties of insurance plans depending on your cat’s needs. Some company provides policies aimed specifically at aged or senior cats. Also, there are companies that provide plan which covers accidents only. You can save premium costs by choosing the right insurance plan for your cat, visit this site for more information on cat insurance policies.
What are the other benefits of the pet insurance?
Take advantage of their additional benefits and savings. Some are very creative when it comes to giving benefits. Some of the benefits you should look for in a pet insurance company are holiday cancellation, third-party property damage liability, advertising for missing cats and boarding fees. Some insurance companies give up to 15% off for multiple pets enrolled while some solicit different corporations to offer pet health insurance to their employees which are part of their benefits package.
Buying a pet insurance for your cat can be a good investment. With the above tips, you will never go wrong in choosing health insurance for your cat, try this website to begin finding out how to insure your cat.