Pet insurance is different from human health insurance in several ways, and that’s a good thing, because human health insurance can be extremely confusing. Compared to our health insurance policies, pet insurance:
• Allows you to take your pet to whichever veterinarian you choose, as long as they’re licensed. There are no in- or out-of-network veterinarians.
• Offers relatively simply policies. One policy might cover certain conditions, another might cover accidents, and another might cover both accidents and illnesses.
• Has much lower premium costs (though they will likely increase as your pet ages, since they will be more susceptible to disease and injury).
• Requires payment at the time that services are rendered. Following payment, you can file a claim with your pet insurance provider by sending them a copy of your invoice, and they’ll reimburse you within a couple of weeks.
Pet owners generally seem to be divided on whether pet insurance is worth the monthly premiums. Choosing insurance coverage for your pet is entirely up to you, however, and in the event that something catastrophic happens, insurance could be a financial lifesaver for you. Make sure that you do your research and ask lots of questions before committing to an insurance provider.