Can you see your kids face when they are playing with their pet? Do you have the heart to watch their sadness when something happen to their pet? That is why, many people who have pets are trying the best to keep their pets healthy. One of the ways is by joining pet insurance. What it is?

What pet insurance is?

Pet insurance is a type of insurance which will cover our veterinary costs when something happen to our pet, such as ill, injury, dies, or even lost. Do you know if pet insurance is started on 1890s? Yup, in 1890, Claes Virgin introduced insurance policy which can cover your pet (only focuses on horses and livestock).

Types of pet insurance

We might be know if different companies will offer different pet insurance policies. Therefore, you have to narrow down the lists in order to easily find the best one. Well, to help you to narrow down, we will give you the types of pet insurance based on plan provisions. Generally, it is categorized into four types, namely:

1. Traditional pet insurance

This type could be the basic or standard plan. It is plan to cover pet illness, accidents and often preventive care. The company will pay your vet bills up to a certain amount depends on your plan design choices.

2. Customizable pet insurance

Actually, it is not much different with standard pet insurance. However, this type is giving you more freedom to adjust your plan design provisions, including deductibles, copays, coinsurance percentages and annual maximum coverage amounts.

3. Accident only

As it is name, you will be covered only when your pet get accident. Therefor, this type will not pay any cost of illnesses or preventive care.

4. Discount

It is rarely found. However, you will get discount of services if you comes to veterinarian or hospital which have connection with the insurance company.

Tips to choose pet insurance

Actually, finding the best pet insurance could be easier if you are knowing several factors that you should consider. Well, here are several factors that will help you to determine the best one:

The most important factor is of course your budget. Traditional or customizable pet insurance could be more expensive, but it offers more coverage. While accident only or discount may little bit cheaper but only has limited coverage. Adjust your need and your budget in order to pick the most suitable one.

Secondly, do not forget to consider your pet age and pre-existing condition. Generally, traditional or customizable pet insurance will only accept a pet with certain age or don’t have any pre-existing conditions. That is why, if you have new or older pet, it would better to take accident only or discount.

The third part is considering your pet breed. This factor is usually associated with the second point. How come? Pet pre-existing conditions sometime are determined by the breed. Therefore, you will find some insurance companies will not accept certain breed (especially for traditional or customizable insurance).

The last but not least is considering your veterinarian. Perhaps, this factor is only suitable for those who want to take discount pet insurance. Find veterinarian which has insurance company’s network.