5 Essential Steps for Choosing Cat Insurance
With their curiosity and penchant for getting into pretty much everything, cats may need a trip to the vet at any time. They can eat the wrong things, get into fights or suffer from feline asthma, bladder infections, chronic vomiting or any number of other conditions.
Cat health insurance gives you peace of mind by covering vet costs and medications that can exceed hundreds or even thousands of dollars. Luckily,choosing cat insurance that works for you is as easy as following these five simple steps:
1. Choose The Right Type of Reimbursement.
Cat insurance reimbursements are either made according to a set benefit schedule or as a percentage of your actual vet bill. Set benefit schedules give you a fixed amount per condition, no matter how much you actually pay. Percentage-based reimbursements give you a percentage of the covered costs. If you’re unsure about reimbursements, refer to our pet insurance comparison chart to see exact dollar amounts by company and plan.
Cat coverage tip: Review the costs that are covered by the percentage-based reimbursements; some plans do not cover basics like vet exams.
2. Check Out What’s Covered—And What’s Not.
Thoroughly review the specific types of accidents, ailments and conditions that the various available plans cover. The list of exclusions will tell you what is not covered; thus, for instance, few if any plans will cover pre-existing conditions, and you will also want to be certain that any conditions to which your breed of cat is especially susceptible are not left out.
Cat coverage tip: Find out whether the coverage of a given plan changes over the lifetime of your cat.
3. Review Coverage Levels.
Some plans offer only bare-bones coverage for accidents; others may include accidents along with illnesses, breed-specific conditions and even routine care. Figure out what works best for you and your cat and choose your plan accordingly.
Cat coverage tip: If you are seeking coverage for annual vet checkups and other routine care, select a plan that offers a wellness option.
4. Weigh The Price Against The Value.
A low monthly premium is important, but there are equally important factors when choosing a plan. Thus it may be worth paying a higher premium in order to ensure that you will receive everything you need for your cat. Obtain several of the free cat insurance quotes that are available online and compare the yearly cost with the amount that you can expect to pay per year for your breed’s medical care.
Cat coverage tip: Deductibles can increase or lower the value of a plan. Annual deductibles are paid once for each 12-month coverage period. Per-condition and per-incident deductibles are paid regardless of how many times you visit the vet.
5. Do Your Company Homework.
Use the internet to research a company’s background, reviews and track record to ensure the plans you are considering are issued by firms that have been around for at least a decade and that have a proven history of living up to their claims.
Cat coverage tip: Companies can pay to use the name of known organizations, even if that organization has nothing to do with the insurance. Pick a company that has established a good reputation and ignore any endorsements.
A final tip is to purchase your cat insurance plan as soon as possible. The longer you wait, the greater the chances that your cat will require medical care. And since pre-existing conditions are almost never covered, it is best to enroll cats when they are young and healthy. Start collecting and comparing quotes today.