- Understand the exclusions. Almost all policies exclude pre-existing conditions and some exclude hereditary conditions. Some may exclude certain conditions unique to certain breeds.
- Almost all policies have a deductible and a copay requirement. Some pay according to a set schedule of "usual and customary fees" while some pay based on the actual incurred expense. Be sure you understand how expenses will be reimbursed.
- Be sure you understand what the policy covers. Some policies (but not all) cover some preventive care, such as vaccinations, but there may be additional cost for this coverage.
- Ask whether the policy allows you to seek care from a veterinarian of your own choosing or whether you must go to a veterinarian that participates in the company's network of providers. When faced with a pet's serious illness, most people want to be able to obtain care from their regular veterinarian.
- Talk to your veterinarian. Vets don't sell insurance, but chances are they are familiar with various policies and can provide guidance.
Thursday, January 17, 2008
Tips on Pet Insurance
The Orlando Sentinel's Animal Crazy blog has this post on tips for people considering pet insurance. Forbes online has a similar story here, that lists a number of tips to ponder courtesy of the American Animal Hospital Association: