How to Find the Best Pet Insurance for Cats and Dogs l Part01

We all love our pets, they are like family and sometimes they can get very sick. For example if your pet is diagnosed with cancer total treatment costs can go as high as 14,000 dollars. Emergency surgery to remove something a toy your pet ate could easily be 3,000 dollars.

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Investing in the right pet insurance can allow you to make the dogs-l-part02/" class="auto-anchor-link" style="color: red; font-weight: bold;">best medical choices for your pet without devastating your finances. Like any other pet owner I sometimes worry if I am able to financially cover an expensive veterinary bill. I own two lovely cats, Teemo and Arya.

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They are both ragdolls from the same litter and both have pet insurance. I spent quite a bit of time researching pet insurance and today I want to share the knowledge you need to properly evaluate the best pet insurance for you and your pet. I will simplify pet insurance to the most important things you need to consider and help answer some common questions you may have.

Such as how does pet insurance work? What are the key coverages you need? What to expect in costs? Ways to save money on pet insurance? And is pet insurance worth it? At the end of the video I will share with you guys which pet insurance I decided to go with and my own personal experience with that company.

I will also share why we selected that company and recommend a few other top pet insurance companies from my research. I am the Cat Butler and usually I make videos on how to help you become the best cat owner, but today’s information applies to dogs as well as cats.

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If you like the content please consider subscribing and giving the video a like. And hit that notification bell for new videos. What is Pet Insurance? Like human health insurance, pet insurance requires the payment of a premium, and then the insurance company promises to pay for the treatment.

A premium is the amount you pay per month to have pet insurance. In most cases plans with a higher deductible have lower premiums. There are two types of deductibles, per-incident and annual.

The per-incident deductible is the amount you must pay for each new illness or injury. For example if a pet is hit by a car, that is considered one incident and has one deductible regardless of how many times the owner must return to the veterinarian for rechecks.

An annual deductible is the amount you must pay each year regardless of the number of new incidents. Most insurance plans also have a maximum payout. A maximum payout is the maximum amount of money the insurance company will give you.

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There are five different types of maximum payouts, but the one you should get is maximum payout per annual year. This offers the most flexibility and resets every policy year. The other ones are confusing and try to limit how much you can get by illness or body system.

The simpler and straightforward your insurance policy is, the less chances that you will not get paid by the insurance company. And next we have exclusions. Exclusions are a list of things not covered by the insurance company. You want to make sure you read this carefully before choosing a policy.

So how does Pet Insurance work? When you first purchase pet insurance there is normally a waiting period before coverage kicks in. The length of the waiting period varies from one pet insurance to another.

Every pet insurance has a waiting period to prevent pet owners from signing up their sick pet and getting a pay out immediately. Pet insurance companies want people to buy coverage before their pets get sick.

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Existing medical problems with your pet before the policy waiting period is over are considered pre existing conditions. This is important because most pet insurance companies do not cover pre existing conditions.

So this is the reason why it is best to get pet insurance when your pet is young and healthy. Another thing to keep in mind is when you switch insurance providers during your pet’s life, any medical problems that developed in the previous pet insurance is considered pre existing.

Most companies offer Wellness & Routine Care as an optional add-on for an additional cost. So how much does pet insurance cost? Average premiums for young Cats start at 28.48 and 49.51 for young dogs (North America Pet Health Insurance Association). This is determined by where you live, the breed, and the age of your pet.

If you live in a high cost of living area or have a breed more prone to illness than the cost will be more. Also, age plays a huge factor in terms of cost. A younger pet usually is cheaper than an older pet. Something to consider is that every year your pet insurance can increase.

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I am going to highlight the most important coverage to consider. Wellness & Routine Care refers to preventive procedures like vaccinations, annual exams, medications, spaying/neutering, dental cleanings, and routine diagnostic tests. These procedures are very important in maintaining the health of your pet, as they prevent disease or catch disease early.