Pet insurance is a specific insurance plan to help pet owners provide their pets with medical care. Pet insurance can cover wellness, illness, accidents and more. There are also specific insurances for different types of pets. Most insurances will have a deductible, which is an amount you must satisfy for covered veterinary expenses before you can start being reimbursed. The amount you pay for an insurance policy will depend on a few factors including your pet’s age, breed and your ZIP code.
To help you determine what type of coverage is a good match, here’s an overview of the types of plans usually offered by pet insurance companies:
Comprehensive coverage: A very good insurance plan covers illnesses and preventative care such as routine checkups and vaccinations.
Accident and illness coverage: This type of coverage is for accidental injuries and illnesses, and often includes insurance for cancer and more.
Accident-only coverage: This type of coverage reimburses you only for vet expenses resulting from accidents such as toxic ingestion or broken bones.
Wellness plans: This coverage is usually an add-on and pays expenses for preventive care such as vaccinations, wellness exams and flea and tick prevention. You can usually add it to an accident and illness policy.
If you’re interested in buying insurance, it’s better not to wait. You run the risk of your pet developing a condition that could be excluded from coverage when you buy a plan. A pre-existing condition is an illness or injury your pet had before you purchased the insurance. Perform your own due diligence and review the best insurance plans available to you. Forbes Advisor evaluates the maximum annual coverage, reimbursement choices and deductible choices of many different plans. Forbes Advisor evaluated plans to help you find the best pet insurance.