Common Exclusions and Limitations of Pet Insurance

There are many things you should consider when shopping for pet insurance, and some of those things are exclusions and limitations. Puppy-babies-pets-and-animals-16707791-1600-1200 In short, what will your insurance not cover?  If you are like most other people, you are considering pet health insurance to help you alleviate the costs of vet bills.  However, you need to make sure you examine your provider’s exclusions before signing any paperwork.

Read All Fine Print

 

Just as with any other big decisions in your life, it is essential for you to read all of the small print on any paperwork before you sign it.  In some cases, it can mean the difference between getting a pet health claim settled or not.  Find out what all of the exclusions and limitations are so that you can decide if the policy is for you.

 

Common Exclusions

If your furry friend has any existing medical problems, you will want to make sure that they will be covered under your policy.  Many cat and dog insurance providers exclude pre-existing health conditions.  Additionally, some companies exclude various breeds of pets.  As such, make sure that your policy covers the breed of cat or dog that you have.

 

The reason that dog and cat insurance companies exclude various breeds is not so much just because of the breed: It is because of the fact that many breeds are prone to congenital and/or hereditary conditions that may be excluded in the policies.  Typically, these are serious or long-term conditions that are extremely expensive to treat.

 

Other Common Exclusions

There are typically also exclusions pertaining to when a condition developed.  For example, if your pet became ill right before you purchased the policy, chances are, the condition will not be covered.  Furthermore, while some pet health insurance plans will cover chronic conditions, they may not cover them for the life of your pet.

 

In many cases, there are limitations on claim reimbursements as well.  Find out if there are any limitations as to how often you can file claims and how much you will have to pay out of your own pocket.  Nobody wants to be stuck with a large vet bill if it is not necessary.

 

Weigh the Pros and Cons

It is quite easy to find out what exclusions and limitations pet insurance companies place on their policies.  You simply need to check online.  After conducting your research, weigh all of the pros and cons and decide if the policy is what you need for your pet.

Term Vs Whole Life

Term vs Whole Life Insurance Term versus whole life insurance has been an ongoing conundrum for more decades than anyone cares to remember. Both have benefits and negatives but if you went online for an answer to this dilemma, you would read the following quotation: Term Life gives plain “vanilla” insurance – no interest or dividends etc. you can buy 5 year term – 10 year – 20 year etc. but at each renewal your premium will increase. Most seniors find it too expensive when they pass the magic 65+ age because after paying premiums all their life – they have no insurance when they need it the most. That brings up the daunting question: “Does an insurance wannabe look for the best life insurance companies or settle in their own minds why they want insurance in the first place? Well in terms of locating the best life insurance companies they all pretty much sell a variety of different policy types. Yet those searching for either a term or whole life policy will many times target a company with experience who has been in business for decades; even centuries. And have been able to set standards in terms of underwriting guidelines, quick and hassle-free claim turnaround time, and, of course, customer satisfaction. The best life insurance companies names are easily recognizable to most people. Also in the search for the best life companies most interested parties will often eschew sales agents who are overly pushy with the appearance of focusing only on “making a sale” rather than actually listing to what the customer requirements are. There is a difference between being pushy and simply being polite. Perhaps just a quick non-complicated primer on term and whole life is in order so you can at least have some semblance of information to help in your decision. Whole Life Policy Benefits: Like the words say it’s as long as you live and the company will pay the principal in full if or when you should die. However the premiums will increase as you age, and a small portion of that payment accrues as “cash value.” Term Life Policy Benefits: The policy is less expensive, and you pick the “term” of the policy. There is no “cash value” involved; the premium cost stays the same for the life of the policy term; however the payoff will decrease each year. Term life also allows you to “cash out” anytime,