Pet Insurance: Is It the Right Choice for You? Take a Look…

Roberto Manzotti

Are you looking for a way to ensure you can take the best care of your furry friend without money being an issue? This blog post will go through why pet insurance is worth it and whether or not it is the right decision for you. 

Are you wondering whether or not investing in a pet insurance policy is a good idea? 

The market is filled with hundreds of insurers, each of which boasts of being the best available. But, most companies are notorious for finding loopholes, rejecting claims and harassing pet owners.

So, is pet insurance even worth all the pain?

In this blog post, we will go through why pet insurance is worth it and whether or not it is the right decision for you.

Let’s begin.


What Exactly is Pet Insurance?

Pet insurance, like any other insurance, requires you to purchase a plan. In case your pet gets sick or injured during the term period, the company pays for the treatment of your pooch.

Some companies provide the owner with a sum of money if their pet gets stolen or passes away.

Most people buy these policies to be prepared for the unexpected and know that they’ll be able to provide their pet with the best care possible--without having to worry about money.

Top pet insurance covers cost between $40 to $70 per month on average and cover a significant portion of your pet’s medical bills in case they fall sick.

Normally, these bills can cost between $5,000 to $10,000 if you’re looking to pay from your own pocket.

That’s not something most people can afford.


What Exactly is Pet Insurance?

Why Investing in Pet Insurance is a Good Idea

A Guide to Choosing the Best Pet Insurance for Your Golden Retriever


Types of Coverage Offered

Benefit Limits

Types of Benefit Limits

The Reimbursements and Deductibles

Types of Deductibles

The Reimbursement Model


Final Words: Best Pet Insurance Companies in 2018


Why Investing in Pet Insurance is a Good Idea

Investing in a good pet insurance company is a very good idea.

You never know what’s going on in your pet’s furry little body, and the chances of them getting sick at some point in their lives are quite high.

Sometimes pets get serious diseases that require extensive care and treatment.

This can cost you thousands of dollars in medical bills.

In order to keep your finances safe, budget intact, and to ensure you can give your pet the best medical care possible, you can invest in good pet insurance and pay only a fraction of the bills.


A Guide to Choosing the Best Pet Insurance for Your Golden Retriever

In this section of the blog post, I want to go through some of the factors that you must consider when purchasing an insurance policy for your pooch.

Here we go.


There are a lot of medical problems that your pet can face. It could be a broken tooth, an aching paw, or a life-threatening condition such as cancer.

A good policy covers everything.

Pet insurance safeguards you unexpected situations and covers almost everything. Golden Retrievers are prone to getting cancer--almost 60% of them do. So, a good policy is one that has limited exclusions and broad coverage.

Some insurance policies offer preventive care or wellness coverage, which include covering vaccinations and checkups.

However, they might not always be the best idea as they inflate the monthly premiums.


Types of Coverage Offered

Most pet insurance companies offer the following:

  • Accident and illness care which includes the cost of hospitalization for diseases and accidental injuries
  • Wellness coverage that includes the cost of routine procedures
  • Accident-only protection which includes accidental injuries


Benefit Limits pet insurance

Every Pet Insurance Policy comes with benefit limits that are often mentioned in the fine print of your policy. Some benefits capped on a lifetime, annual, or per-condition basis while others offer unlimited lifetime benefits.

Veterinary Care prices have been on the rise with time and bills of around $5,000 are quite common. So, a plan without limits is a good pick. 


Types of Benefit Limits

There are four major types of benefit limits, which include:

  • Annual Per Incident: Maximum amount of money the insurance company will pay for a given condition, procedure, or illness in a year
  • Annual Maximum: there’s a cap or annual limit on the payouts
  • Lifetime Maximum: The maximum amount of money the company will pay ( per condition for the lifetime or in total)
  • Unlimited lifetime: No upper limit to what the insurance company will pay

The Reimbursements and Deductibles

A deductible is a small amount of money that you pay out of your pocket before the pet insurance company steps in. Reimbursement is the percentage of the bill the insurance pays.


Types of Deductibles

  • Annual deductibles: This includes all accidents, conditions, and illnesses in a given year
  • Per Condition Lifetime: This separates the varying deductibles by condition
  • Per Condition Annual: Similar to the lifetime condition, the condition deductible resets annually

The Reimbursement Model

Pet insurance companies usually employ three different options for reimbursement.

  • Actual cost means that once the deductibles are met, the insurer pays a percentage of the bill
  • Benefit Schedules means that company fixes a predetermined amount that you’ll get for each condition, illness, or procedure
  • Usual & Customary means the company has determined a fixed amount it’ll reimburse you for each procedure



Investing in a good insurance policy is an excellent preventive measure to ensure that your pet gets the best medical care possible if he falls sick.

A good pet insurance cover usually costs around $30 to $70 per month. The cost and be towards the lower end or, the higher depending upon your needs.

Final Words: The Pet Insurance 

However, you need to ensure that you buy a policy from a reliable and well-reputed pet insurance company and read the offer documents carefully before investing. Some companies are simply undependable, unreliable, and unfair when it comes to reimbursement.

The price of the policy isn’t the only factor to consider.

You need to look for a company that will provide you with the coverage and benefits without any delays and have reliable, value-for-money services.

Did you find what you were looking for? If so, thank us in the comments section. Leave your questions in the comments sections, and I will get back to you as soon as we can!

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