Want to decode, what is the concept of pet insurance? Keen to understand, what are the inclusions of pet insurance for dogs?
A pet is a man’s best friend but owning a pet can be very costly as it requires careful attention to their breeding, dental hygiene, grooming and vaccination. Hence, pet insurance is a great idea for your furry babies. This blog will let you know all about pet insurance, so read it thoroughly.
What Is the Objective of Pet Insurance?
The main objective of pet insurance is to help you cover the expenses incurred in case of vet fees and any subsequent medical or surgical costs.
To be eligible for this cover, your dog must be between the ages of 3 months to 4 years for Giant Breeds or 3 months to 7 years for Small/ Medium/ Large Breeds. For Giant breeds, the dog insurance can be up to 6 years and for Small/ Medium/ Large Breeds, it is 10 years.
What Will the Pet Insurance Cover?
The actual monthly cost of the policy depends on many variables including the breed of animal, species, gender, age, location and the coverages and deductibles chosen. Numerous people ask whether it is worth claiming for pet insurance or not, so let’s learn about the inclusions and coverage areas of pet insurance.
Does Pet Insurance Cover Allergies?
Yes, pet insurance can lighten the burden of paying the high cost of treatment of allergy-related costs if the veterinarian recommends it. It also covers OPD cover, hospitalisation and surgery expenses.
Does Pet Insurance Cover Scans and Dog Bites?
Pet insurance aims to cover unexpected and unlikely events of either accident or illness. The coverage includes medical expenses like tearing from dog bites, consultations with a vet, medication, surgery and medical examinations like CT scans and MRIs.
Is Prescription Food Covered by Pet Insurance?
Some pet insurers provide coverage for prescription food but some don’t. It all depends on the specifics and type of individual policies. If your pet has a pre-existing condition that requires prescription food, then the insurer will not cover it.
Other coverages:
The pet insurance also provides coverage for chronic conditions, ear infections, eye surgeries, emergency care, ruptured ligaments, bone fractures, arthritis, cancer, accidents, breeding, vaccinations, wounds, hereditary conditions and third-party liability.
What Are the Advantages of Pet Insurance?
Pet insurance is relatively affordable for your pets
It can significantly reduce veterinary medical expenses
It provides coverage for a range of benefits like medical care and overseas protection in many cases
It also helps to ensure your pet’s health and well-being
It safeguards your furry buddy from accidents
It also assures you benefit from third-party damages, or your pet getting stolen
How Long Is the Pet Insurance Waiting Period?
The time between when you buy a policy and when coverage starts is the waiting period for the pet insurance. Most pet insurance companies have different waiting periods that may depend on the type of coverage. The common types of waiting periods are:
Accident waiting period: They apply to injuries like broken teeth and fractured ligaments. It typically lasts from 2 to 14 days
Illness waiting period: They apply to illnesses like cancer, allergies and infections. It can last from 14 to 30 days
Waiting period for Orthopaedic conditions: For conditions like hip dysplasia and ligament injuries. It can last from 14 days to 6 months or longer
Waiting period for pre-existing conditions: 2 types of conditions: curable (like respiratory infections and urinary tract infections) which are covered if cured before taking policy and incurable (like chronic infections and allergies) and it’s not covered
Wellness plan waiting period: It helps to cover routine treatments and check-ups like tick treatment and vaccination
Lastly, the preferable policy for your pet is that which has a lesser waiting period as compared to the other pet insurers. So, go through all the criteria, pros and cons of your pet insurer, choose wisely and then buy the best pet insurance in India.
