Animal Insurance

The demand for animal insurance is growing by consumers, and companies are responding by providing coverage for more and more animals.

These days you can buy an insurance policy on almost any type of animal from dogs and cats to a rabbits, horses, and even ferrets and birds.

Just like buying traditional dog insurance, when you buy insurance for these other animals you need to make sure you completely understand what you’re buying and if the policy is worth the expense.

While some animals like ferrets may do not live as long as a parrot or a horse, insurance can add a lot of expense to the lifetime of an animal.

Horse insurance can vary from the very basic to multi-million dollar policies for pure-bred race horses.

Types of Insurance

When buying an animal insurance policy, you must decide what you want covered. Do you only want accidents covered, or do you want a comprehensive policy that covers vaccinations, spays, and dental?

Obviously the more coverage you want for your pet, the more expensive the policy will be.

Remember, amount of insurance is ultimately up to you, getting at least basic accident coverage gives you a good foundation to start with.

Deductibles and Yearly Limits

Not only do you have to be aware of the monthly premiums, but you have to find out how much your deductibles are.

Most policies are only $100, but some policies have deductibles up to $1000 or more. Remember, the deductible has to be paid by you first before the insurance company will pay anything.

Also, all policies have a limit on how much money they will pay out in a year or for a given condition. It is important that you find this out as well.

Summary

While animal insurance is growing in popularity, the jury is still out on where it makes financial sense in all situations or for all animals.

Review different policies and make up your mind. The best way to start is by getting at least three different insurance quotes.

Great video on the Dog DNA Test

Animal Insurance Articles

Rabbit Insurance: Start at about $10 a month you get a pet policy for your rabbit.

Exotic Pet Insurance: Now you can find insurance for almost any kind of pet you desire.

Ferret Pet Insurance: There are a few endocrine conditions in ferrets that are not covered.

Horse Insurance: If you have people come over to your house to look at your horses you need extra protection.

Brid Pet Insurance: Things to consider before buying a policy.

Question: Should I buy an Avian Pet Insurance policy?