Pets are a big part of the family. Like other family members, they deserve the best, including insurance coverage. This is important as medical emergencies can be encountered by pets too. Some common coverage of various pet insurance plans available in the United States includes accidental injury, regular illness, regular check-ups, surgeries, and more. Pet owners can choose among countless options of companies for pet insurance for their pets.
1. Monthly costs of pet insurance
Pets require medical treatment as an emergency at times. In such cases, pet insurance comes handy. Whether you have a dog, cat, rabbit, or any other pet, there is a variety of insurance for them that you can choose from. It will save you thousands of dollars if you opt for pet insurance as early as possible. The average cost of pet insurance starts at $20 per month for cats and just about $35 for dogs. This cost can rise as the pets get older. Also, depending on the breed of the animal, the insurance cost will be higher for some.
2. The average cost of pet insurance
Pets too are diagnosed with medical conditions such as diabetes, broken bones, etc. As their owner and caregiver, you need to make medical treatments available to them. Normally, you could get around 80 to 90% of your veterinarian bills reimbursed if you have pet insurance. A proper check-up will be conducted on the pet before you can start the insurance plan. Most companies offering pet insurance do not cover pre-existing medical conditions of the pet.
The average cost of pet insurance depends on the inclusions in that policy. Additionally, it depends on the kind of pet and its age. Subsequently, few pet owners stop insurance when the pets get old. According to official data from a couple of years back, the average annual premium for sickness and accident-related matters was $520 per pet and the average claim of pet insurance that year was just $275.
So, it is essential for the pet owner to carefully research the various options available in the market. Preferably, one should make a list of requirements that they are looking for while opting for pet insurance.
A few companies offering pet insurance should be short-listed and then a final selection should be made. The final selection should be made depending on the above-mentioned criteria and keeping in mind one’s budget and requirements.