Since the world of insurance is so vast and complex with details, it's common for people to need clarification about it, particularly specialized plans. Pet insurance misconceptions are widespread because many people on tight budgets assume it's another unnecessary expense. Here's a look at three of the biggest myths surrounding pet insurance.
Misconceptions often stem from cynics who don't bother doing complete research on a particular subject, then spread half-truths about it to others. The more misinformation spreads from one person to another without an objective review. The more distorted the misconception may become. Insurance issues related to premiums, deductibles, and coverage limits can easily get misconstrued when enough people echo the same misinformation.
Many people automatically think that any kind of insurance is too expensive because they need an immediate return for their money. The truth is that health insurance costs generally under $70 per month for a dog and under $40 per month for a cat. It mainly depends on the insurance company you choose and the coverage you buy.
The best place to start for affordable pet insurance is to meet with your vet and get an idea of the options for your type of animal. Vets rely on insurance companies for income, so they typically have relationships with various insurers. This expertise gives them insights into available discounts for pet owners.
Another common misbelief about pet insurance is that it works like human coverage for healthcare. While human coverage involves paying a small deductible at the time of a hospital visit, pet coverage differs in the sense you have to pay for all services upfront. You can then file a claim to get reimbursed by your insurance provider.
Part of the reason people have inaccurate perceptions about pet coverage is that they think it's just like human coverage. As humans age, health insurance rates increase due to increased health risks that can trigger claims. Some insurance companies won't sell policies to seniors. But this dynamic only applies to animals if they have pre-existing conditions. You can get affordable coverage if your pet is already healthy.
Pets need healthcare just like humans, but they can't set up plans. They need your help to establish the right plan for ensuring a vet sees them when their health is in danger. At Reata Insurance Agency, we offer various options for pet insurance. Contact us today to learn more about a customized plan for your pet.