When you have a pet, there are many things you can do to make sure you are prepared for medical emergencies. Pet insurance is one way to do that. This will help you avoid spending funds from your emergency savings accounts, which you don't want to do. Be aware of your policy limits and deductible and consider additional fees.
Pet insurance can save you a lot of money if your dog or cat gets injured or ill. A 2016 study showed that pet insurance can save you a lot of money if your cat or dog is sick or injured. A pet insurance policy will help you to avoid the need to tap into your family's emergency fund to pay for treatment.
You have the option to purchase insurance for your pet from many different MA pet insurance companies. Prices for policies can vary by state and depend on your pet's age and how much coverage you need. Most policies provide protection against illness and injuries, and they may also provide after-death compensation.
Some pet insurance companies may offer additional coverage for wellbeing care. Wellness coverage covers regular checkups, routine cleanings, heartworm treatments, and flea and tick treatment. This level of coverage is not offered by all insurance companies. It is important to check the fine print and make your own decisions based on your pet's health condition and your budget.
Some insurers will fully reimburse your vet bill if you meet your deductible. Others may have a 70/30 reimbursement structure or an 80/20 reimbursement structure. A higher reimbursement rate is recommended for large vet bills.
Many MA insurance providers offer free quotes for pet insurance. They will require basic information such as your pet's breed, age, and pedigree. Once you have provided these details, you'll receive a quote. A free quote will allow you to see how much you could pay for a policy.
Many MA pet insurance MA companies also offer optional additions such as burial and loss pet coverage. You may also consider getting an accident-only policy, which provides coverage for emergency medical expenses, as well as dental and surgery.
GEICO / Embrace offers a free review of your medical history when you sign up to a policy. This will help determine if your pet may have pre-existing health conditions.
If you're not happy with your policy from Embrace, you can get a refund. To get a full refund, you may return your policy within 30 calendar days. But Embrace does not offer a separate wellness policy, so you'll need to choose another company if you want wellness care.
You may also be reimbursed by some companies for the entire cost of your veterinarian's visit. Others insurers will have higher deductibles, which means you'll need to pay more to file a case.