Frequently asked questions about pet insurance

Have you ever been handed a vet bill and wished your pet could have health insurance just like you?

They can! To help you better understand this type of coverage, here are some frequently asked questions about pet insurance.

Is there a waiting period?

Yes, like all insurance policies, there will be a waiting period between the time you take out the policy and when it goes into effect. This is usually 30 days.

What is the difference between a discount plan and a comprehensive plan?

With a discount plan, you pay a fee once a year and gain access to veterinary care at a discounted price.

A comprehensive plan is similar to your own health insurance, offering greater care and making serious treatment more affordable than a discount plan.

What types of coverage would a comprehensive plan offer?

Many pet insurance companies divide their coverage into two categories: illness and accident, and wellness and preventative care. Illness and accident only covers sickness and injuries, while wellness and preventative care covers regular care including routine visits and spaying and neutering. Comprehensive plans should cover both, as well as any prescriptions related to your pet’s care.

Can I keep going to my current veterinarian?

Many pet insurance providers do not maintain a network, giving you a lot of freedom in what vet practice you choose. Ask your insurance provider about your current veterinarian.

What will be excluded?

This will depend on the policy you take out. Common items excluded from pet insurance policies include pre-existing conditions and hereditary defects. Some breeds may even be denied specific coverage elements based on common ailments.

Is there a deductible?

Unless you opt for a plan with a very high premium, you can expect to pay a deductible.

Are there caps on specific treatments?

Most insurance companies will have caps based on type of treatment. In other words, cancer treatment will have a cap on how much the company will pay out, as will spaying. These caps will be different and in line with the reasonable cost of the given treatment.