What is pet insurance?
Like your health insurance, pet insurance is an insurance policy that you can use to cover veterinary bills. In many animal insurance companies, you can also insure routine veterinary care. Routine exams, vaccinations, and heartworm tests are usually covered by these wellness supplements.
Most pet policies require a wait before you can make a claim. This means that you have to wait a certain number of days before you can benefit from the insurance benefits. Pet insurance also does not cover your cat’s existing conditions. Your insurance does not pay for treatment costs if your cat has been diagnosed with an illness or injury.
Like health insurance, pet insurance often requires a deductible for payments. A deductible is the amount of money that you are responsible for before the insurance company pays a claim. With most policies, you can also increase or decrease your deductible. Changing the deductible in your plan also changes the cost of your plan.
Suppose your cat needs surgery and costs $ 3,000. Your pet’s deductible is $ 1,000. You must pay the $ 1,000 out of pocket before the benefits of your pet insurance will take effect. If your plan includes surgery costs, your insurance company should pay the remaining $ 2,000.
Insurance policies for dogs and cats also differ from health insurance. The biggest difference is how you are paid for an insurance claim. Your health insurance will pay the medical expenses on your behalf after the deductible. In contrast, pet insurance policies are reimbursement policies. You bring your cat to the vet and pay for any treatment or procedure out of your pocket. Your insurer will reimburse you the amount of your cover minus the deductible.
Who needs pet insurance for cats?
Deciding to take out insurance for your cat is a difficult decision. One aspect requires that you examine your financial situation. Many pet insurance companies offer affordable options. However, you may need to forego additional coverage to meet the budget. You also have to decide on the value of your peace of mind. For some owners, knowing that their pet is insured is more important than the cost. For others, the ability to never make a claim can reduce the likelihood that they will buy a plan.
Some cat breeds are more prone to health problems. For example, many purebred cat breeds are prone to heart problems. Cat insurance can help you save money in the future if your furry friend develops a serious health problem.
Breeds prone to disease and health problems include:
Cornish and Devon Rex: heart problems, patellar luxation, and hereditary myopathy (a condition that causes weak muscles, especially in the head and neck area)
Abyssinian: vision, hearing and tooth problems
Manx: vertebral problems, including spina bifida
Norwegian Forest Cat: Heart Problems and Hip Dysplasia
Bengal: heart disease, degenerative eye disease and severe hip dysplasia and knee dislocation
Burmese: kidney stones and urinary problems, glaucoma and hyperesthesia syndrome (increases sensitivity or pain when touched)
Ragdoll: bladder stones and heart problems
Siamese: More susceptible to certain types of cancer, heart disease, breathing problems, tooth problems and eye problems
Himalayas: kidney disease and breathing problems that make breathing difficult
Maine Coon: heart problems, hip and elbow dysplasia and atrophy of the spinal muscles
Persian: bladder stones and infections, heart problems, digestive problems and misaligned jaws that cause eating disorders
Mixed-breed cats can also have health problems. Cats generally suffer more from certain health conditions than dogs or other pets. For example, cats of all ages are often prone to urinary tract infections (UTIs). Pet insurance can be a good option if you are concerned that your cat may develop urinary problems with age.