The Cheapest Pet Insurance- Is it worth it?

The cheapest pet insurance on the market is almost never the best option, or even a good option for your pet. Ever heard of the expression,” Too good to be true?” A cheap insurance policy may sound like a fantastic bargain. It will give you peace of mind that your pet is covered, and your wallet will exhale with relief. At first. But you can be certain, that when you actually find yourself and your pet in a position to desperately need the pet insurance you have been paying for, you are going to be disappointed.

Sure, you may be ecstatic at how cheap your monthly premiums are, but cheap insurance premiums mean sky-high deductibles. Not only that, but you will be amazed at the sheer number of co-pays and caps on the payouts you will be allowed in the event your pet is sick or injured. Most of these cheap pet insurance policies have very limited scenarios that they cover in their clauses. Most will not cover ongoing illnesses. Even worse, under a cheap pet insurance policy, you will not be able to claim on something the second time if the insurance has covered it once.

Here is another familiar expression; “You get what you pay for.” With cheap pet insurance, you may find yourself constantly paying for something out of your own pocket more often than not. The insurance may possibly cover whatever you are being forced to pay for, but when you consider how high the cost of the deductible is, you may decide to just cover it yourself instead of claiming  your ‘one-time only’ pet insurance. Of what possible benefit is a pet insurance policy when you cannot use it? Why pay premiums, however cheap, if in any case your pet is not benefitting from the insurance policy?

Quality services do not come cheap. Do you need pet insurance? Absolutely, especially if you have a pet that likes to lead a mostly outdoor sort of life.  Pets that spend any considerable portion of their lives outdoors are twice as likely as indoor pets, to pick up infections and illnesses or get injured. If your pet is a dog, it is even more imperative that he is insured. Dogs are twice as likely to end up at the vet’s than cats. You should keep in mind that older pets are more prone to illnesses as well. Unfortunately, insuring an older pet is more expensive, as most pet insurance policies will include added surcharges.

Shopping around for pet insurance cover that is tailor-made for your pet can be a tall order, since nowadays there are so many on the market, with prices ranging from the unbelievably low to the ridiculously high. However, the first thing you should do is make up a list of insurance companies that offer pet insurance from the internet. Read reviews, ask questions in forums. Once you have a rough list, ensure all the companies on your list are registered. Find out which of them your vet accepts. Once you have eliminated the ones  that do not satisfy these requirements, you have a working list. Now you need to ask a lot of questions. For example, how much are the deductibles? Do they offer discounts for insuring multiple pets? Do they cover hereditary and chronic conditions? What about ongoing ailments?

Good pet insurance does not necessarily mean expensive insurance. All the same, going for the cheapest pet insurance on the market could potentially turn out to be a huge mistake.

 

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