How does pet insurance work?
Pet insurance is an insurance policy much like your own car insurance, health insurance, or renter’s insurance. Each month you pay a premium – a designated amount that keeps your pet enrolled in the insurance policy. When your pet becomes ill or injured, you visit the vet. You pay for treatment for that illness and ask the veterinarian to fill out a section on your claim form. You then submit the claim form with the related invoice to the insurance company. When your claim is approved, you may be reimbursed for up to 100% of your costs, depending on your deductible, your individual policy, and your pet’s past health history. Be aware that all pet insurance policies are reimbursement policies, meaning that you will first have to pay the bill and then submit the claim requesting reimbursement.
Read more: Pet Health Insurance