There are a lot of myths and misconceptions regarding pet insurance itself and its average cost. Many people think it is unnecessary, others prefer to rely on themselves considering any kind of situations that may happen to a pet, many others reject even the idea of insuring their pet as they think it’s unaffordable.
In general, pet insurance prices are not low at all, and the process of getting insurance is much more complicated in comparison to life and health insurance for humans.
The unified standards are not always applicable, and to choose the right option and not to get into trouble, you have to analyze many related factors, we are going to take a look at. Let’s analyze the most important issues that predetermine the cost of pet insurance?
Region/country you live in
Different countries, regions, or even different districts within one state can show various price ranges for insurance policies. So, at forts, analyze the local market and check how popular, affordable, and culturally appropriate is an idea to set insurance for your pet. Japan, the UK, and Scandinavian countries are proved to have higher premiums for pets than Eastern Europe and Latin America.
The types of policy
There are different types of insurance policies you can choose from:
– Accident policy
Quite affordable in the means of prices, this insurance type covers the risks which can be caused by the involvement of your pet in an accident. Pay attention to the list of insurance coverage, because many companies include the treatment cost, but reject the diagnosis phase before the treatment start, which is usually quite expensive.
– Annual policy
Not a cheap one, but quite an affordable option when you pay for 12 months of coverage, including accident cases. You can easily switch to a cheaper package if you haven’t exceeded the limits and haven’t claimed in the previous year.
– Lifetime policy
The most expensive type of policy, which can include pre-existing conditions and is available for older pets. As your pet gets older, the premiums may also rise, but at least you have full possible risk coverage.
Type of an animal
The type of the animal really matters, as due to the general statistics, it’s cheaper to buy insurance for a cat, than the one for a dog. Exotic animals are mostly impossible to get insurance due to the lack of proven information on their treatment expenses.
Hamsters are adorable and curious little creatures, and they have specific dietary requirements. It’s essential to provide them with a balanced and nutritious diet to ensure their health and well-being. While hamsters can enjoy a variety of fruits, vegetables, and protein sources, it’s crucial to be cautious about the types of foods you offer them.
For example, you might wonder, “Can hamsters eat salami?” While salami is a delicious and flavorful meat product enjoyed by many humans, it is not suitable for hamsters. Hamsters are omnivores, but their bodies are not designed to process processed meats like salami.
It’s best to stick to hamster-safe foods such as fresh fruits, vegetables, and specially formulated hamster pellets to keep your furry friend happy and healthy. and rabbits are also difficult to find an insurance solution for, as they level a shorter life and are predisposed to various diseases. Doing pet insurance to doing usual pet care, these are the kind of jobs you can find as a vet tech here.
General statistics on different breeds
Risk factors related to certain diseases widespread among the certain breed of pets and general statistics on the life duration of different breeds provide a standard approach of considering them as an obstacle during the insurance price calculations. For example, the premiums for Pugs may be more expensive than those of the German shepherds, as the firs breed is famous for developing skeleton problems and arthrosis very early.
Age of a pet
If you want to buy insurance for a young pet, it’s always easier and less expensive than in the case your pet is quite old. It’s necessary to know that many policies are not Av amiable for dogs older than 7 years. So, the sooner you decide to set insurance for your pet, the easier you can choose from multiple options.
Pre-existing conditions
As it has been already mentioned pre-existing conditions are either not covered at all, or affect the premiums amount significantly. Your beloved pet deserves the best services ever. Think whether it’s more beneficial to plan them with or without the help of insurance.
Having analyzed different offers from insurance agencies for your pet, you should also pay attention to the possible alternative options that might help you to reduce the costs of insurance or replace the insurance in general.
– Pay more by yourself
You can always limit the engagement of the insurance company in the process of risk cover. If you agree to pay the majority of expenses yourself, the premium will be much lower and you can add only the services which are more sophisticated or need special assistance of the insurer to the list of your package.
– Think about volunteers and charities
If your budget is very limited, explore whether there are any pet charities of volunteers operating in your area. Although pet charities usually don’t have strong budgets. But there are a lot of veterinaries who spend some working hours volunteering every week. So, at least you can rely on the possibility of getting a free or discounted professional care for your pet.
– Keep your pet fit
If you pay attention to your pet’s health and provide good every daily care about it, you can prevent a lot of health conditions that may need some serious treatment. For example, don’t forget about the water balance of your pet’s body. There are a lot of related accessories in the market, such as a water fountain for dogs and cats that will help you with this issue. Take care of your dog’s teeth with the help of a dog toothbrush stick, and you’ll certainly need to visit a vet clinic with your dog often.
– Microchip your pet
One of the risks pet keepers face is the loss or theft of the pet. If you microchip your pet, it will be easier to find it, and of course, you can get some discounts from the insurance agency.
– Study insurance contract well
Except for checking the general credibility of the insurance company and the review of their existing clients, pay attention to the contract itself and all the conditions mentioned in it. Check what is written in a smaller font. If there are some contradictory issues that can make the process of claim difficult, negotiate them once again or choose another company for a more beneficial insurance deal. Bivvy is an example of a company with a beneficial insurance deal that has made investing in pet insurance affordable. It has convenient terms and services for you to use.