Pet Insurance Quote - Online Quotes
Receiving a pet insurance quote from a pet health insurance company can see confusing. You've given not one price, but a series of prices and then you must decide which is the best option for your pet. Learn how to decide if the coverage you're being offered is too little or too much.
Pet Health Insurance Plan Differences
Most medical pet insurance companies offer three or four levels of pet insurance. The pet insurance quote you receive is based on the level of coverage the company feels best fits your needs. Getting a quote for one level of coverage doesn't mean you cannot look at the other plans.
In addition to the basic levels of coverage, there are also riders available to cover everything from yearly check-ups and vaccines to flea and heartworm prevention and cancer care.
Coverage of a Basic Pet Health Insurance Plan
All pet insurance companies offer a basic plan that covers veterinary bills if an accident occurs. The basic plan at VPI covers up to $9,000 per year for accidents, illnesses, surgeries, tests and hospitalization. With additional riders, spaying/neutering, veterinary check-ups, vaccines, cancer treatments, prescription medications and dental care can all be covered.
Carefully compare the different plans and riders. Often, you can save money by choosing a basic plan but adding a rider or two.
Deductibles Factor Heavily in a Pet Insurance Quote
All pet insurance policies require the pet's owner to pay a deductible for coverage. The way it works is you go to the veterinarian with your pet. You pay the vet bill and then fax or mail a claim form to the pet insurance company. They go through, calculate how much of the bill is for procedures or tests they cover and then subtract your required deduction.
For example, if your policy pays for a dog spay and vaccines and you get a bill for $500. The insurance company you've chosen pays for 90 percent after you kick in a $100 deductible. Using the 90 percent guideline, the veterinary health insurance company would owe $450 of that. However, the $100 deductible is subtracted from the amount they'd owe, so realistically, they would mail you a reimbursement check for $350.
Choosing a pet insurance quote with a higher deductible gives you a much lower monthly premium. However, this also means you'll be paying more out of pocket when your dog or cat needs to see a vet.
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