Investing In Pet Insurance

Investing In Pet Insurance To Protect Your Furry Friend

Do you currently own a pet, and want to know how to keep your favorite animal friend protected? Fortunately, a pet owner can invest in pet insurance that can help reimburse them financially if a pet needs medical care. Therefore, if your pet has a medical issue or becomes sick, a pet owner can be covered for those expenses. If you have a furry friend in San Diego, California, and have questions about the types of insurance that are available to you, Windfall Insurance Services Inc. can help. Read on to learn more about how pet insurance works.

Basic Information Regarding Pet Insurance

Essentially, pet insurance is a health plan that will cost a policy owner either an annual or monthly premium, (which is the monetary amount you pay to ensure your insurance policy remains active). If your pet becomes injured or ill and needs to be taken to the vet, the policyholder will first pay the vet bill, then file a claim to the insurance agency, who will subsequently reimburse you for the bill. Depending on the terms of the insurance policy, a policyholder may be responsible for paying a deductible, (which is a set amount of money an insured person needs to pay before the insurance policy can be activated). Oftentimes, veterinarian costs can be a substantial cost, so having a good pet insurance policy can end up saving the policyholder a great deal of money and can be an advantage when making medical decisions about your pet.

How Does Pet Insurance Work?

Pet insurance typically works on a reimbursement basis, which requires the pet holder to pay the vet first, and then file a claim to receive financial reimbursement. When a policyholder purchases pet insurance coverage, they will decide on a deductible amount, a reimbursement percentage, and an annual limit. After a policyholder makes a claim, the insurance agency will review it and either approve or deny it, and if the claim becomes approved, the reimbursement will be sent to the policyholder. In order to qualify for pet insurance, the agency generally requires a health checkup of your animal and a waiting period before the insurance coverage begins. It is important to remember that certain pre-existing conditions and health issues are not covered with pet insurance, for example: routine checkups and preventative care, grooming, behavioral issues, dental disease, etc. There are plan options, however, that will cover certain costs. A pet owner can choose to invest in the following:

• Accident plans – which will cover incidents such as bites, cuts, and swallowing of objects.
• Comprehensive pet insurance plans that will cover illness, accidents, surgery, etc.
• Routine care plans, which will cover dental cleaning, vaccinations, checkups, etc.

If you are curious about your insurance options in San Diego, California, contact Windfall Insurance Services Inc. for a consultation.