Pet Insurance
What Different Types of Pet Insurance Plans are Available
There are two main kind of pet insurance policies, each policy is geared towards the specific needs of a pet owner and their animal and financial capacity such as a full breed dog might need more medical attention, especially at an older age and every animal needs an annual check up and injections. Pet medical insurance plans can provide several different insurance options and will enable you to provide the best medical care for your pet, for only a small amount of money every month.
The two major pet insurance policies are the Superior VPI and the Standard VPI policy, both are available in the USA and UK, with both policies you can take your animal to any veterinarian in any part of the world. As long as you keep the bill and send it off to the insurance company, your costs will be repaid. It is important to compare pet insurance plans possibilities before you take out any insurance.
The Differences Between Two Major Types of Pet Insurance Plans
There are some differences with the types of pet insurance plans as follows
- 1.The VPI Superior insurance Plan. Offering coverage for any medical costs that you might have to pay for during the life of your pet such as annual check ups, vets visits, prescription medication, diagnostic testing and lab tests and X-rays. Basically, the insurance will repay anything that your vet might find necessary to keep your pet healthy. This insurance is available for both cats and dogs and will cost around £200 on an annual basis.
- 2.The VPI Standard Plan Covers all the basic procedures and costs for dog and cat care, but you are expected to pay a higher amount of money yourself for every treatment that you can claim on your pet insurance. However the monthly expenses are about £8 less than the cost for the superior plan (around £10 for the standard insurance and around £18 a month for the superior insurance), adding up to a difference of £96 dollars a year.
Who Should Take Out These Policies?
Any loving responsible pet owner should be taking out a pet insurance policy for their cat or dog. need more visits to a vet during there lifetime and so are more likely to run up costs due to medical problems, so this type of insurance is especially interesting for dog owners. Reasons why you might need a pet insurance policy are:
- You don’t have to worry about not being able to pay the high medical bills that your pet could incur when it falls ill or has an accident.
- You pay in monthly small amounts instead of a huge sum in one go.
- There is no need to worry if you leave your animal in the care of someone else when you, for example, go on a holiday. The animal can always be well taken care of and can be taken to the vet by its caretaker at any time, as the vets’ bills will be paid for.
- Owners of full breed dogs that see their dogs as an investment should consider insuring their animal as full breed (show) dogs usually need more trips to the vet.