Most Pet Insurance Plans have a few basics in common:
- You usually pay a monthly premium
- You select an annual or “per-incident” deductible amount
- You can go to any veterinarian you choose
- You typically pay your vet first, file a claim and get reimbursed
- Pre-existing conditions and related treatments are not covered
Some of the most important differences to be aware of are:
- Whether congenital and hereditary conditions (such as hip dysplasia, heart defects, eye cataracts or diabetes) are covered
- How the reimbursement is calculated (Based on actual vet bill? Based on a schedule? Based on “customary rates”?)
- Whether there are limits or caps applied to your reimbursement (Per incident limit? Per year limit? Lifetime limit?)
- Whether there is an annual contract – these can be used to determine that anything diagnosed in the precious year of coverage is now considered “pre-existing” the next year
How Do I Choose a Plan?
Check out Consumer Affairs – A review website for policyholders.