subject: Features Of Veterinary Pet Insurance [print this page] You likely have health insurance, car insurance, and homeowner's insurance. But do you need pet insurance? Before making that decision, you should consider the characteristics of insurance for your pet. Here are some facts you should know about veterinary pet insurance:
1. Age matters.
It's important to note that the age of the pet will have an impact on how high the premiums are for your beloved animal. In fact, some companies refuse to insure pets that are more than nine years old, due to potential liabilities.
2. Pet insurance is a fairly new industry.
How long has pet insurance, including veterinary pet insurance been in existence? In fact, the first pet insurance company was created in 1982. The company's name was VPI, or Veterinary Pet Insurance. Since getting out of the red in 1997, the company has experienced substantial growth.
3. It is related to property.
This is an important issue to keep in mind. Insurance for your pet should be considered different from various types of health insurance. While the latter types of policies are related to your health, pet insurance is related to property that you own-namely, your cat, dog, bird, or tarantula. This means that the rules and regulations are somewhat different.
4. It has some similar features as human health insurance.
This makes pet insurance relatively similar to other types of insurance. For instance, pet insurance provides co-payments and deductibles. And like your own health insurance, there are exclusions for hereditary conditions, and pre-existing predictions.
5. You must submit your pet's records to be insured.
Like other types of insurance, you'll need to submit certain documents in order to get your pet insured. So it's crucial that you secure all of the documents required. Also, verify that the information contained in the documents (such as immunization records and previous medical bills) are correct and up-to-date. This will help to maximize your chance of securing insurance for your pet. Otherwise, you might be denied coverage.
Houses and cars aren't the only things that need to be insured. To help maintain your pet's health, consider taking out a policy for pet insurance.
by: John Kirzno
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