Should You Invest in Pet Insurance?
Does your four-legged friend need coverage?
While you have coverage for your home, car, and your own health, have you ever thought about securing coverage for your pets? If the idea hasn’t crossed your mind, you’re not alone. According to the North American Pet Health Insurance Association, 68% of U.S. households own pets, but only 1% have pet insurance. So, how do you know if you need this insurance? Well, if you are worried about your ability to pay for your pet’s veterinary care, you might want to seriously consider investing in a pet policy. Here’s more information on pet insurance to help you make your decision.
How does pet insurance work?
Like health insurance, pet insurance covers some of the costs associated with keeping your pet healthy. You have the option to select from various coverage levels and, once you have secured a policy, you will make monthly or annual premiums depending on your insurer. To use your insurance, you will pay veterinary fees out of pocket, and then you will submit a claim to your insurer for reimbursement. Generally, all you need is an invoice from your vet and the claims paperwork to receive compensation.
How much does pet insurance cost?
Just like other types of insurance, the cost of your pet insurance is dependent on multiple factors. For instance, your pet’s breed, age, and overall health will all affect your premiums. On average, pet insurance for dogs hovers around $22 per month, while insurance for cats is about $16 a month.
Can I choose my own vet?
One of the great things about pet insurance is that you don’t have to worry about using “in-network” veterinarians. As long as your vet is officially licensed and accepts your insurance, your eligible expenses will be covered.
These are some of the things you should know about pet insurance. If you have additional questions regarding coverage for your pets or regarding your other personal coverage needs, contact the experts at Club Agency Insurance Brokerage in Garden City, New York. Our dedicated team is eager to assist you with all your coverage needs today.