5 Myths About Pet Insurance

Before venturing into the purchase of pet insurance, you should know the different myths associated with the subject. Being well informed about the different aspects of pet insurance will keep you on the safe side before you start paying the premiums.

Consider the following, prior to buying a pet insurance plan:

1. Is cremation and burial covered in pet insurance? This is one of the most important questions while considering a pet insurance. The answer to this question is that it actually depends on the insurance company and the plan offered so, be certain you are clear about what is covered and what is not.  For instance, the insurance company, Pets Best, offers limited coverage on burial and cremation.

2. Should I get pet insurance only when my pet is sick? This is the most common misconception about pet insurance. Although you might dislike the concept of paying premiums when there is nothing really wrong with your pet, it might be prudent to be prepared for unforeseen emergencies and accidents.  Veterinary doctors can charge hefty prices and it is good to be prepared with a suitable insurance plan to ensure the proper care of your pet. If you feel that there is no real need to worry about veterinary bills, then you might not consider pet insurance after all.

3. Will I need to consult with a “registered” vet with the insurance company? Check the requirements of the insurance carrier as some insurance companies allow services from a vet of choice while others impose restrictions on service providers. Check out this component before you purchase the insurance.

4. Are routine and preventive care covered by the policy? As mentioned before, check carefully what is covered and what is not. Some pet insurance companies cover routine and preventative care such as annual exams and dental cleanings.

5. Is calculating reimbursement a hassle with the pet insurance carrier?  There are two general methods by which reimbursement is calculated in a pet plan insurance – first, as a straightforward and fair percentage of the vet bill and second, as a percentage of a benefits schedule. Watch for the pet insurance companies that prefer the first reimbursement option.