Pet Insurance Myths

Pet Insurance is becoming a very popular choice these days among pet owners. Veterinarian treatments have made huge advancements in the last ten years, and vets can treat many more diseases, conditions and injuries than they could even five years ago. However, because of this, the costs of vet care have risen too. Getting insurance to help with vet bills can really make a difference in the quality of life you are able to provide for your pet. It can mean the difference between life and death if a necessary treatment is beyond your financial means.

Because pet insurance is a relatively new development, people have many questions about it and a certain amount of mis-information about it is common. We’ve decided to put together some of the most common myths or misunderstandings people have about pet insurance to help dispell misunderstandings, in the hopes more pet owners will take advantage of the great benefits pet insurance has to offer.

Myth Number 1:

I should only get Pet Insurance if my pet is sick

We all hate to spend money on monthly premiums when we don’t really get anything out of them, but if you wait until your pet is sick, you might not be able to get insurance coverage at all. The last thing we want is to see our pet lovers out there spend money without getting anything out of it. Even worse, we don’t want to see anybody’s pet become sick and its parents can’t afford the vet bills. The other thing to keep in mind is that accidents do happen and that’s just one more way pet insurance can help. If you want coverage for something that might happen or if you want to make sure you can afford treatment if your pet gets a serious illness, getting pet insurance sooner rather than later is highly recommended.

Myth Number 2:

I can’t see my own Vet if I get Pet Insurance

In most every case, the pet insurance companies will not require you to see any sort of “in plan” veterinarian. You can typically see any veterinarian you want and you will still have the same coverage. Of course, we haven’t reviewed every single company out there, so we do encourage you to be sure about this before purchasing pet insurance. But chances are you will be able to see the  veterinarian of your choice.

Myth Number 3:

Pet Insurance won’t cover the things I really need

At first glance, with all of the possible exclusions, such as pre-existing conditions or breed-specific exclusions, it seems as if pet insurance companies aren’t covering much at all. That’s really not the case. Quite often you will still be able to get coverage and reimbursement for some tricky conditions, but at a reduced rate. This means you will still get the benefits of having insurance, but for some conditions they don’t cover as much. Furthermore, just because they exclude many things, doesn’t mean they don’t cover many more. Try to keep focused on the coverage you want and find the right plan that meets your particular needs.

Myth Number 4:

It is a hassle to get reimbursed

Unlike human medical insurance claims processing in which patients often pay a co-pay and leave the doctor or hospital to file a claim for the balance of medical fees, most pet owners pay out of pocket for their veterinarian costs. Most human medical insurance plans have doctors and hospitals billing the insurance company directly and insurance claims processing can get quite messy. With most Pet Insurance plans, however, you pay the vet bill upfront and the insurance company reimburses you directly. This might seem like a little work, but most of the companies we’ve looked at reimburse pet owners in less than a week of receiving their claim.

Myth Number 5:

Routine or Preventative Care Isn’t Covered

The costs of routine and preventative care can be quite high these days. Most insurance companies have plans that cover this type of care and in fact, some require routine preventitive care to insure pets. This ensures that any exisiting conditions are caught right away and some are even prevented. The plans available vary quite a bit, but you will usually find an option that will cover regular visits and even dental preventative care.