Payment Options

Pet insurance companies are beginning to offer pet owners more of an ability to customize their coverage by allowing them to choose their own level of deductible or co-insurance. This allows the pet owner to control their monthly premium and choose the level of coverage that suits them the best.

Some of the differences in insurance coverage are:

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• Whether congenital and hereditary conditions (like hip dysplasia, heart defects, eye cataracts, or diabetes) are covered;

• How the reimbursement is calculated (based on the actual vet bill, a benefit schedule, or usual and customary rates);

• Whether the deductible is on a per-incident or an annual basis;

• Whether there are any limits or caps applied (per incident, per year, age, or over the pet’s lifetime); and

• Whether there is an annual contract that determines anything diagnosed in the previous year of coverage is considered pre-existing the next year.