If you’re asking, “How does dog insurance work?”, you’re at the right place. We help pet owners navigate the complexities of dog insurance. That means we can help you with all of your dog insurance questions, so you can make the best decision for you and your pup.
How Dog Insurance Works
When your dog is enrolled in a pet insurance policy, you receive accident and illness coverage. Accident and illness coverage pays for veterinarian care resulting from an emergency accident or diagnosis of an acute or chronic illness that isn’t pre-existing.
Just like human health insurance, there is a deductible that must be met before the pet health insurance company will pay for exam fees and other veterinary care. The deductible depends on what you chose at the time of selecting the pet insurance policy (just like human health insurance).
For instance, if your pup suffers from an accident and requires treatment that costs $1,000 and your deducticle is $500, you will pay $500 and the pet insurance company pays $500.
Deductibles are yearly, so you will have to pay your annual deductible before the pet insurance coverage takes over the costs of treatment.
How to Submit a Claim a Dog Insurance Provider
When an accident or illness occurs, the most important thing is to seek veterinary care. Once your pup is stable according to the vet, you can call your dog insurance company to submit a claim. Some insurance provides accept claims online, which can make the process easier when sending images of the vet bills.
Usually, pet owners have to pay the vet bills and then receive reimbursement for them once the claim processes. The time it takes for the claim to process depends on the insurance provider and how fast they can receive confirmation of the diagnosis and care delivered.
Pet parents who may have difficulty paying for the vet bill may be able to work out a payment plan with the veterinarian office. This is especially true if the vet understands pet insurance will be used to cover the treatment costs.
How Much Dog Insurance Costs
Illness and accident coverage from a pet insurance provider varies in costs (monthly premium and annual deductible) depending on several factors such as:
- Breed (due to breed specific conditions, such as hip dysplasia)
- Pet Health Insurance Company
- Annual Deductible
- Monthly Premium Amount
Pet owners will need to provide information from a licensed vet that states breed, age, and any pre-existing conditions.
No pet health insurance companies will pay for treatment for pre-existing conditions. Although, the stipulations that constitute what is considered a pre-existing condition varies among pet insurance providers.
Older pets are accepted, even though their pet insurance plan may be more expensive since the insurance company knows that conditions like hip dysplasia may not be too far into the future.
Discounts are possible on some pet insurance plans, especially for pet parents with multiple pets enrolled in a pet health insurance policy.
It’s also possible to save on pet insurance costs by choosing accident-only plans. Accident-only plans are best for younger pups who may not be susceptible to as many illnesses as older pets.
What You Should Know Before Signing Up with a Pet Insurer
Pet insurers have a waiting period after enrolling a pet into a policy. Some people will sign up for a policy with a pet insurance provider when they realize there is a problem (usually an illness). This is not how pet insurance works. Pet insurance works to protect dog owners from having to suffer the financial repercussions of unexpected vet bills from emergency care.
It’s also important to know that pet insurance providers do not reimburse vet bill from routine or preventative care. Some pet insurers offer wellness coverage or routine care coverage as an added option as part of their policy (like with an Embrace Pet Insurance Policy), but it doesn’t work like dog insurance. Wellness plans help pet parents budget for routine care or provide discounts on it. Be sure to ask the dog insurance provider you’re considering if they offer wellness coverage or a wellness plan to see if you can take advantage of it.
Start the Process of Choosing Dog Insurance
Now you know how dog insurance works, so you can take the first step towards choosing the right one for you and your pup. Consider reading How to Choose Dog Insurance or get started with a free quote from the dog insurance providers below.