As a pet owner, you want nothing but the best for your pet in every single way. This includes getting them the best pet insurance coverage possible.
But how do you know what the best options are? What is the best pet insurance for your pet long-term that also delivers the best rates?
A quick search online will likely bring up pages of results. But sifting through them to determine what the most quality pet insurance coverage and rates are is easier than you may think.
Just as you would want to do when it comes to your own health insurance, it is important to compare all aspects of coverage to ensure the best rates. That is why we have created a list of the best things to compare when it comes to pet insurance and how to be confident in knowing you selected the best rate possible.
1. Assess the Type of Pet Insurance
There are three different types of pet insurance options out there. Some only cover accidents, others cover accidents and illness and the best look after your pet when they are sick, get injured or are healthy. So while accident-only plans may look like the cheapest when evaluating just the cost, the breadth of coverage is much more limited! The ability to add in a wellness package to your pet insurance will ensure that your pet is covered at all times and you can truly get your money’s worth.
2. Determine if Bundle Options are Offered
Chances are that if you love animals, you will have more than just one pet. The best pet insurance plans and rates allow you to have plans that cover all your pets—cats, dogs and any other animal that is considered part of your family. Often you will get better value for bundle options and have peace of mind that all your pets will get treated the same and cared for the same in any situation.
3. Understand the Fine Print
When comparing your pet insurance options, it is important to also understand the details of your coverage. For example, you want to ensure that your pet will be covered anywhere in the US. This means that you have freedom of choice for a veterinarian and can take your pet on an adventure with you knowing that if something happens you can find a local veterinarian where you are. While the majority of the best pet insurance plans include this, it is important to understand the fine print and know for sure that this is included upfront.
4. Flexibility in Plans
The best pet insurance coverage enables flexibility in your plans. This means that you can cancel your coverage at any time and not be punished for it. It also means that you can trial out the coverage for a month to determine if the value is worth it—and if you want to opt-out then you will even get your money back. Life is unpredictable, so having flexibility in your coverage options is crucial!
5. Asses the Maximum Coverage
Different pet insurance plans will have different annual and reimbursement limits. This is a huge driver in assessing the value of your rates. The best pet insurance plans will offer 90% reimbursement rates, three different deductible options and between a $10k to $20k annual limit. These factors are some of the most important to understand from a cost perspective and will indicate the true value of your pet insurance plan.
6. Ease of Customer Use
Another component to consider when comparing pet insurance plans is how easy it is for you to submit claims and get reimbursed. The whole point of pet insurance is to ensure that you never have to pay out of pocket. So look for pet insurance plans that not only empower you to visit any veterinarian to visit, but also make submitting claims online easy and pay you back for any expenses you needed to cover upfront quickly via direct deposit or check. The best plans look after both your pet and you!
7. Understand What is Covered
Finally, when comparing different insurance plans for your pets, make note of what exactly is covered and what you will be charged extra for. The best pet insurance coverage covers diseases, advanced and specialized care, emergencies, skin conditions, microchipping and medicine—which is all pretty standard. But in addition, the best plans also cover hereditary conditions, dental work, behavioral issues, alternative therapies and prescription supplements.
Overall, the more well-rounded your coverage is, the more value you will be getting from your pet insurance plan rates!