While the idea of pet insurance sounds wonderful, there are many disadvantages. The most obvious is the cost. It can be expensive, and it’s best to choose a plan that covers accidents only. Accident-only policies cost less because they don’t cover chronic conditions. Also, premiums will typically be higher in the first few years, but decrease as your pet gets older. Another disadvantage is the policy’s deductible, which you must pay before the policy kicks in. This deductible can be annual, incident-based, or per-condition.
Pet insurance prices will vary, depending on your location and the type of policy you choose. Make sure to compare prices from different companies and evaluate customer service. It’s best to compare apples-to-apples, so to speak. You can also inquire about discounts. Most plans will offer you a discount if you’re a new customer. By asking questions and gathering information, you can find the best insurance policy for your pet.
Considering all the options available, it may be a good idea to buy pet insurance. Before deciding to buy an insurance policy, check whether the company you choose pays out directly to your vet. The cost of veterinary services can vary significantly. Therefore, you should take the time to compare insurance quotes before enrolling your pet. If you do choose to purchase pet insurance, you will have to wait a certain period of time before the insurance will start paying. Typically, this waiting period is fourteen days after enrollment.