17 June 2008

Pet Health Insurance - Should You Get It?

Maintaining a healthy dog can be very expensive. Especially, if you take the dog to the vet 2 to 5 times a year. From shots to random injuries the cost can become expeditionary high. Although many people may think pet health insurance is an unnecessary expense, health insurance for your pet in the immediate can significantly save you money thereby helping you in times of emergency make decisions of life or death of your pet if serious health issue arise.

Veterinary cost are skyrocketing every day. Unlike regular insurance their is not a government assisted pet insurance program that can be used at a veterinary office. All visits have to be paid for upfront either routine or emergency. This can run into thousands of dollars.

Pet insurance is not as difficult to get as your may think. Just like personal health insurance, pet insurance for your dog has annual premiums and, of course a deductible. The deductible as well as the premium can range from policy to policy. But the rule of thumb is the premium price depends on the dog breed and type of policy. One positive though is if you have more than one pet, you can usually get a discount.

Deductibles typically range around $100 a year. There are many policies to choose from based on your dogs age, breed, lifestyle and prexisting conditions. Some plans cover most everything from annual checkups to vaccinations, spaying, neutering and any medications as well as sickness and, of course accidents. These policies, of course will be the most costly.

But if you can handle the yearly costs of a well dog just fine and want something just in case your dog becomes injured or sick, you can get a policy that will cover just these occasions.

Getting a new health insurance policy for your dog is similar to getting one for yourself - emergency coverage begins as soon as you sign up with your first payment and there is a 30 day waiting period for illness and other routine claims.

When considering health insurance for your dog, be aware that his age will affect the coverage. Most policies cover the dog starting at 6 weeks of age. On the other end, you may not be able to get coverage for your dog if he is more than 8 years old. Once your dog is covered, however, he will be able to retain coverage past 8 years of age.

[Source: American Chronicle]