Finding the Right Policy for your Animal Companion

by Ella Stephen

When it comes to taking care of your furry family member, you want the best. You take the time to provide nutritious food and adequate exercise. When it comes to ensuring their health, taking the time to research and purchase an adequate insurance policy should be next on your list.

Protecting Them and You

Anyone who has ever owned any type of animal knows the costs that can quickly mount when an emergency arises. Annual check-up appointments and mandatory vaccinations can strain the budget. Add in an unexpected illness or condition and your vet bills can quickly add up. If you do not possess a policy insuring against these unexpected or routine costs, this can put your finances in a bind. Purchasing a quality policy that ensures that the major expenses will be covered is crucial.

When you research Australian pet insurance, you’ll find a variety of policies out there to serve your needs. There are policies that are very similar to the types of coverages that you can purchase for your family members. Routine care, major medical coverage and comprehensive policies are available to choose from. Knowing that when a major illness occurs that you are only responsible for a pre-determined deductible can bring tremendous peace of mind during that time. Also, having coverage for many routine visits can be a bonus as well.

Premiums, Deductibles and Coverage

You’ve done the comparisons and looked at the options and now you need to decide on which type of insurance you need. Finding out the monthly premium cost is important. Being able to afford the policy ensures that it stays in effect and is available to you year round. Investigate the deductibles for the different types of policies, coverage and conditions. They may vary depending on many factors. Knowing upfront what it will cost for an expensive procedure will be beneficial when the bill for the deductible arrives. Also, looking into what, if any, exclusions exist can be very helpful. All of this information should be available to you before you make your decision. Your insurer will also be able to ask any questions you have about these issues.

Ask about if there are any discounts available for combining different types of policies. You may be able to save on your premiums by combining a major medical policy with a routine care package. Enquire about any restrictions on the vet office that you can go to. You want to make sure that your current vet accepts this type of policy before purchasing. Finding out you might have to switch to another office might not be what you’re looking for. Calling your vet office and asking about their policies regarding insurance is a good step in the process.

Is your policy renewable? If so, what will the increase be if you decide to stay with that particular insurer? Also, take the time to ask at the time of renewal if any coverages have been added or removed in any way so you can keep on top of what your policy covers.

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