Do you have a "furry child" at home? Are you constantly worried about your pet? Pets are friends and even family to all of us. But animals can get sick or even die while accompanying their owners. Once your pet is sick, you will be worried as the owner and anxious to take your pet to the vet. But the reality is that sometimes the cost of seeing a doctor for one's pet is even more expensive than seeing a doctor for a person. Even if it's just a physical exam for your pet, you may have spent hundreds or thousands of dollars. If you don't have pet insurance for your pet, you'll have to pay for all of the expensive costs, which can be a significant expense for the average family.
According to the findings of the "World Pet Industry White Paper 2021", the market share of pet medical treatment is the second largest pet consumer market after food. From this result, we can learn that people's demand for pet medical care is huge, but pets do not have "medical insurance", expensive to see a doctor has become the biggest pain point of pet ownership. In fact, in the insurance industry, there is a product that can transfer this risk, and it is pet medical insurance, with the development and maturity of the insurance industry, the market has a wide range of pet medical insurance, but the current market for these products is more complex, so this article reminds you to pay attention to the following points when selecting pet medical insurance.
When choosing a pet insurance coverage, owners should try to choose a product that is not limited to any kind of disease or accidental injury, so that no matter what kind of disease your pet suffers from or if there is an unfortunate accident, the insurance you purchase will cover most of your pet's medical treatment. However, there is a special requirement that congenital diseases and genetic diseases are generally not covered. When buying pet insurance, you also need to look at the conditions of reimbursement. You can try to choose an insurance policy with a high reimbursement rate and a single reimbursement amount, and the higher the better, while the lower the deductible the better. When purchasing insurance, please look at the different hospital restrictions that are specific to different insurance policies. Some products can only reimburse the cost of a designated hospital. While some products have a broader range of insurable hospitals and will reimburse as long as they meet the required hospitals.
So if you want more choice in hospital selection, then you can choose a type of insurance that includes more hospital reimbursement. In addition, most pet medical insurance policies have health requirements. For example, they will ask if the pet has had any chronic illnesses in the past, any blood in the stool or vomiting, any pneumothorax fractures, etc. The health requirements may vary from product to product, and you need to be aware of them when taking out insurance. Also, owners of special pets should be aware that the pet medical insurance currently on the market generally only covers cats and dogs, and special pets like ducks, rabbits, snakes, sheep, etc. are still not eligible for pet insurance.
