How to Avoid a Financial Crisis Due to Unexpected Veterinary Expenses
Have you given any thought to pet insurance? If not, you may want to! It can be a heartbreaking situation to be forced to choose between the contents of your bank account and the ability to provide for your furry loved one, but having pet insurance can make the situation much less stressful. Pet insurance allows pet parents to not feel guilty because they are not able to afford their pet’s healthcare.
Some pet insurance companies offer discounts for a variety of situations: for spayed and neutered pets, for veterans and members of the military, having multiple pets on the plan, and for coverage of service animals. Deductible amounts vary depending on selected company and plan, and may be applied per incident, or on an annual basis – check with individual companies to see what they offer.
Most pet insurance companies will require you to pay your vet’s office in full at time of services rendered, with a set percentage of the bill reimbursed to you after the claim has been submitted. They will then reimburse you within a week or two of receiving a claim; some pet insurance companies even offer up to 100% reimbursement on claim totals submitted.
If your pet is your sidekick in traveling the world, call your chosen pet insurance company for specific information on their policies for coverage outside of the United States. Some companies cover only the United States and Canada, and others offer coverage at United States-controlled military bases located in foreign countries.