If you are currently looking for a suitable pet insurance policy that is perfect for your budget and your pet, here are the 3 things that you should consider.
- Terms – it usually provides coverage for a specified number of years, known as the policy term. In case of an unfortunate event during this period, your nominee will receive the sum assured in your policy.
Usual pet insurance terms: Pet insurance policies have a 12 month policy period beginning on the effective date. It’s important to note that with pet insurance your coverage will not start until after the waiting period is over. However, if you renew your policy in subsequent years there are no more waiting periods.
Co-payments: A co-payment – also known as cost-sharing – is an additional payment you make towards the cost of any vet’s fees there are as part of your claim, minus the excess.
Deductibles: Usually, deductibles are a fixed amount that must be paid out of pocket before submitting claims on a pet insurance policy.
- Next is Pet Insurance Coverage – Pet insurance coverage is usually designed to cover unexpected accidents and illnesses that you just can’t plan for, such as when the dog swallows something he shouldn’t, or the cat gets a urinary tract infection.
- Waiting Periods: Waiting periods usually start when you purchase your pet insurance policy. Pet insurers use these waiting periods as an extra layer of protection to prevent fraud.
Now that you have already determined the things that you should look for when purchasing a pet insurance policy, do you know that your pet usually needs a medical or a physical examination to be healthy?
A physical or medical examination involves observing the general appearance of your dog, listening to their chest with a stethoscope (auscultation), and feeling specific areas of the body (palpation). Your veterinarian will observe or inspect: How your dog walks and stands. Whether your dog is bright and alert.
Why do you need these exams for your pets? Since your pets or dogs cannot tell you how they are feeling, and as a result, the disease may be present before you are aware of it. To further complicate matters, as part of their survival instincts, most dogs will hide signs of disease in the early stages. This is the reason why medical and physical examinations are recommended for pets or to your dogs.
How can you be able to pay for this? The simple answer is to have a pet insurance policy like the Insurance Market PetCare. Having the IM PetCare Exclusive or Exclusive Plus can give peace of mind especially when it comes to veterinary expenses, theft of pets, surgical and non-surgical procedures for your pets, and many more! So if you want to know more about it, go to www.insurancemarket.sg today!
Insurance Market is a marketplace where we are serious about insurance and where professional parties come together to transact insurance only in the best and most responsible manner. Insurance Market offers a wide range of general insurance products (such as travel insurance, maid insurance, car insurance, and more) online and life insurance through personal advice from our qualified brokers. Please contact us at [email protected] or +65 69081811 if you have any questions.