How do Pet
Insurance policies work?
Typically, you can take your
pet to any licensed veterinarian or specialist.
When your pet is seen by the veterinarian, you are responsible
for paying the entire amount due. The veterinarian office may have
claim forms, or you can bring one in which will be filled out by
them. Then, you send the claim form to the pet
The amount you are reimbursed depends on the details of the
coverage as described in the policy.
For example, some pet
insurance plans are
‘cost sharing’, that is they have a deductible which may be a
stated dollar amount, or a percentage (such as 20%) that you must
pay out of pocket before the pet insurance company pays.
insurance companies pay claims up to a maximum limit you choose.
(ranging between $2500-$7000 per incident)
Other plans may pay
reimbursement of expenses based on set benefit schedules found in
the pet insurance policy. Make sure you compare coverage from different
companies to select the one that best suits your needs.
How do I choose the right Pet
Choosing the right pet insurance plan can be confusing unless
you take a step by step approach.
You need to understand what the
plan covers, exclusions, restrictions, deductibles, co-payments,
costs, and general facts about pet insurance plans. Remember to
always do your research before you decide on a plan.
companies should be registered with your states insurance
department. When comparing plans with similar benefits, if one
company is offering a plan that has a substantially lower cost
than others, you may want to remember, ‘if it sounds too good to
be true, it probably is’. Remember, these are contracts, and
they say what they mean in legal language.
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