Posts Tagged ‘pet insurance’

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Calculating The Costs Of Veterinary Pet Insurance

Tuesday, August 10th, 2010

Before making any type of purchase, such as veterinary pet insurance, an important question to ask is: How much will this cost me? While our pets are invaluable to us, unfortunately their care isn’t. So when considering various pet insurance policies, you should consider roughly how much it will cost you. Here are some facts to help you sort through the different factors:

1. Monthly premiums tend to cost from $15 to $20.

Keep in mind that this figure is an average. There are several factors that determine your premiums. What type of pet do you have? What is the pet’s breed? What is its age? The answers to such questions will determine how much your premiums will cost.

2. Companies have deductibles and/or co-pays.

Typically the deductibles range from $50-$100. Meanwhile, the co-pays can range from 10% to 50%. Sometimes a company only has deductibles, other times it only has co-pays, and still other times it has both. You should consider this issue when choosing a particular pet insurance company.

3. Your pet might qualify for discounts.

Some of today’s companies actually offer policies for pet insurance, as an optional benefit. Typically the companies don’t help with the costs. However, employees of a company can typically enjoy a discount group rate. Another type of discount is for pet owners who insure multiple pets.

4. Basic and Premium are typically the two types of plans.

As you can probably guess, the Basic veterinary pet insurance plans are significantly more inexpensive than the Premium plans. However, remember the old adage that “You get what you pay for.” While a basic plan will only cover expenses such as drugs and emergency visits, premium plans will cover vaccinations, having your pet fixed, and so on.

5. Most insurers don’t cover pre-existing conditions.

In these cases, you must pay 100% of your pet’s healthcare expenses. As with most human healthcare companies, pre-existing conditions can create several liabilities for a pet insurance provider.

Owning a pet is an investment, and that includes purchasing a pet insurance policy. The aforementioned facts will help you to make the most of your purchase.

GuardMyPet offers a veterinary pet insurance program benefits for your pet to give you peace of mind. Diseases and accidents are very costly with veterinarian charges, so we chose to offer our customers the most popular veterinary pet insurance in the industry, and is available at affordable rates.

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Should You Buy Veterinary Pet Insurance?

Monday, August 9th, 2010

If you have a pet, then do you need to secure veterinary pet insurance? For those who love and cherish their pets, this is a crucial question. Here are some tips for determining whether you should purchase a certain pet insurance policy:

1. Consider a veterinary discount program.

This is an alternative to a pet insurance policy. A discount program works somewhat similarly to an insurance policy, but there are some differences. As its name implies, a discount program will give you a discount on certain types of veterinary care-usually about 25%. Typically there’s also no upper limit, and no deductible.

2. Determine how much of your veterinary charges a company would cover.

Some providers of veterinary pet insurance will only pay a certain amount of your veterinary expenses. That figure can range from a small amount, to the full amount. You might determine that certain types of policies simply would require too much out-of-pocket expense.

3. Look for multiple-pet discounts.

If you have multiple pets, then this can serve as an excellent way to save money on pet insurance.

4. Determine what restrictions are enforced.

Sometimes pet insurance companies won’t cover certain pre-existing conditions, or pets of a certain age (usually at least nine years old).

5. Determine what type of coverage you’d need.

The amount and type of veterinary pet insurance that you’d require would impact the price tag. Here are some important questions to consider:

* What pre-existing conditions are excluded from being covered?
* What are the eligibility requirements?
* Is your current veterinarian an approved provider?
* How high is the deductible?
* Is there an upper limit of coverage per incident, or per year?

After determining the answer to these questions, you can determine the coverage that you’d need for your pet dog, cat, or Hyacinth Macaw bird. Answering these questions will help you to conclude whether you’d need a cheaper policy that only covers injuries and illnesses; or a comprehensive policy that includes routine checkups, preventive care, and so on.

Should you secure pet insurance? While the answer is typically yes, it depends on your needs and how well a certain insurer can meet those needs.

GuardMyPet offers a veterinary pet insurance program benefits for your pet to give you peace of mind. Diseases and accidents are very costly with veterinarian charges, so we chose to offer our customers the most popular veterinary pet insurance in the industry, and is available at affordable rates.

categories: pet insurance,veterinary pet insurance,pet insurance policy

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How To Apply For Veterinary Pet Insurance

Monday, August 9th, 2010

From colleges to credit cards, applying for things has become an integral part of everyday life. Likewise, it’s something that you’ll need to do when you apply for veterinary pet insurance.
More and more pet owners are choosing to secure pet insurance for their beloved animals. Here are some tips that will help you to be approved for a pet insurance policy:

1. Make a list of medical conditions that your pet has.

You’ll not only need this information when applying for veterinary pet insurance, but you should have it for your own records. As with health insurance for humans, having pre-existing conditions can drastically increase the premiums for pet insurance. In fact, if your pet has several health conditions then you may decide that it’s wiser not to buy a pet insurance policy.

2. Create a list of conditions that your pet has receive immunizations for.

This is important information that a pet insurance company will need, when you apply for a policy. Immunizations are especially valuable in the modern world, since pets are exposed to several harmful substances in the environment.

3. Note whether your pet is an indoor, outdoor, or indoor/outdoor pet.

It’s unlikely that your pet fish will go outdoors unless you carry its bowl there. Keep in mind that outdoor pets are more susceptible to various medical conditions.

4. Collect documents about your pet’s breed.

This is an extremely important step in the process of applying for veterinary pet insurance. That’s true whether your pet is a pure breed or mixed-breed. It’s especially true in the latter case, so possible medical conditions and diseases that the animal would be more likely to inherit can be considered.

5. Collect important documents about your pet.

Such documents include information about the animal’s pedigree, immunization records, medical bills, and so on. While it’s one thing to have the documents, they should also be in order. This will increase your chance of being improved for a pet insurance policy.

If you want to protect your pet, then consider securing a pet insurance policy. These tips will help you to gather all the information you’ll need.

GuardMyPet offers a veterinary pet insurance program benefits for your pet to give you peace of mind. Diseases and accidents are very costly with veterinarian charges, so we chose to offer our customers the most popular veterinary pet insurance in the industry, and is available at affordable rates.

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Need-to-Know Facts About Veterinary Pet Insurance

Sunday, August 8th, 2010

While veterinary pet insurance can certainly benefit your beloved pet, it’s important to note that not all pet insurance policies are the same. That’s why it’s crucial to know some particular facts about such insurance policies. Here are some of them:

1. Pet insurance is increasing in popularity

As you might expense, this is due to the rising costs of veterinary care. Just as expenses for human healthcare are increasing steadily, so are the costs of care for your pet. So if you want to reduce your out-of-pocket expenses for veterinary care, then consider purchasing a pet insurance policy.

2. Policies differ on what they cover

All veterinary pet insurance policies cover certain expenses, such as drugs, laboratory tests, and emergency care. More comprehensive ones also cover procedures such as checkups, having your pet fixed, and vaccinations. You can even find policies that cover expenses for dental care, flea control, and nail-clipping-though fewer policies cover these expenses.
3. Most plans cover 80% of your veterinarian bill

The stipulation is that you must first reach a set deductible, which tends to range from $50 USD, to $100 USD. You are required to pay your pet’s medical bill. Then you submit a claim to the pet insurance company. After the company has processed your claim, you’ll receive a reimbursement check.

4. Some companies require a co-pay on your bill

There are some veterinary pet insurance companies that charge this co-pay, rather than a deductible. Typically, the co-pay ranges from 10% to 20% of the total veterinary bill. You should consider if this would be a more practical option for you, than paying a deductible.

5. Pre-existing conditions typically aren’t covered

Unfortunately, the situation is the same as with most human health insurance plans.
6. The premiums for pet insurance can vary significantly

This is based on various factors, such as the age and breed of your pet. In fact, you might be required to pay as low as $10 USD monthly.

When sifting through the various types of pet insurance policies, these aforementioned facts are worth considering. Your pet is valuable to you, so it’s crucial to choose the right policy.

GuardMyPet offers a veterinary pet insurance program benefits for your pet to give you peace of mind. Diseases and accidents are very costly with veterinarian charges, so we chose to offer our customers the most popular veterinary pet insurance in the industry, and is available at affordable rates.

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