Pet insurance companies are beginning to offer the pet owner more of an ability to customize their coverage by allowing them to choose their own level of deductible or co-insurance. This allows the pet owner to control their monthly premium and choose the level of coverage that suits them the best.
Some of the differences in insurance coverage are:
- Whether congenital and hereditary conditions (like hip dysplasia, heart defects, eye cataracts, or diabetes) are covered;
- How the reimbursement is calculated (based on the actual vet bill, a benefit schedule, or usual and customary rates);
- Whether the deductible is on a per-incident or an annual basis;
- Whether there are any limits or caps applied (per incident, per year, age, or over the pet’s lifetime); and
- Whether there is an annual contract that determines anything diagnosed in the previous year of coverage is considered pre-existing the next year.
Here are two common companies:
Nationwide Pet Insurance and Embrace Pet Insurance.
Source: Pet Insurance
Most every dog has inherited conditions, some more than others. We strongly recommend pet insurance as soon as you acquire your pet.
Pawlicy Advisor is recommended by the American Animal Hospital Association and offers a free platform that may help you find the right pet insurance at the right price.