Pet insurance is a type of insurance that covers veterinary expenses when a pet is sick or injured. It can help cover the cost of treatments such as surgery, medication and diagnostic testing. Pet insurance policies usually have different levels of coverage and deductibles, and may also have exclusions for certain pre-existing conditions.
Pet insurance policies generally fall into two categories:
Accident-only coverage: Typically covers unexpected injuries such as broken bones, snake bites and accidental ingestion of foreign objects.
Comprehensive coverage: Usually includes the coverage provided by accident-only policies, along with coverage for illnesses such as cancer, diabetes, and allergies
It is important to read the policy’s fine print, understand what is covered and what is not covered, and compare policies from different providers before purchasing pet insurance. It is also important to remember that it is not uncommon for pet insurance policies to exclude pre-existing or hereditary conditions. They may have limits on the amount of money that will be paid out for certain treatments or over the life of the policy.