The new insurance craze is all about pets, our furry companions, sweet fur babies, and our family of the tail-wagging kind. Is pet insurance really as great as some say it is or is it a hoax? At the end of the day, it is up to you to determine if pet insurance is necessary or not for you.
The amount of insured pets has doubled since 2017, according to nerd wallet, and there are several different types of pet insurance. Here are a few interesting things about pet insurance, and how you can make a career in insurance. 2021 Training offers many different training programs for new insurance adjusters.
What Is Pet Insurance?
Pet insurance can save you in a situation where your dog, cat, bird, or snake has gotten into something they shouldn’t have, and now they are in dire straights. Sometimes our little companions just don’t know what’s good for them and they get hurt. These situations require surgery and quickly, you often don’t have time to think about how you will pay for expensive surgery.
On the other hand, your companion could live a long, healthy life with no need for vet visits other than routine vaccinations. If you are paying for accident protection, you may be wasting a lot of money every year.
There are several different types of pet insurance, accident, illness, and wellness. Each has different levels of coverage and the cost usually correlates with the type of coverage.
Accident pet insurance is exactly what it sounds like it is. In the event your dog steps out onto a busy road and needs surgery to survive, accident insurance will have you covered. Hopefully, you never have to experience this and your pup lives a long accident-free life, but that’s exactly why it’s called accident insurance. With this coverage, you won’t have to think twice before rushing your companion off to life-saving surgery.
Illness insurance protects against minor illnesses like allergies, all the way to serious illnesses like cancer. Lastly, there is wellness coverage, which provides coverage for your typical vet visit for exams and vaccinations.
Pros And Cons Of Pet Insurance
The biggest perk of insuring your pet is the comfort you will have knowing that your companion is insured and protected so that you can have them in your life as long as possible. You will never have to delay treatment or wonder if you can afford it with the right coverage.
Most pet insurance companies offer customizable options because who knows your pet better than you? You know what they need to be protected from better than any insurance company. This can offer serious financial relief as many surgeries and long-term treatments cost thousands of dollars.
Lastly, unlike human health insurance, you can take your pet to any vet. Veterinarian clinics can take any pet insurance, they are not selective like clinics are with human health insurance.
Now for the cons. Most pet insurance policies don’t provide coverage for regular exams and check-ups. That means you will still have to cover the cost of a yearly check-up and vaccines. The second downside is that if your pet is older or has a preexisting health condition, you may have trouble finding a plan that will accept your pet.
On top of that, you may not use all the benefits and the $20-50 monthly bill adds up to be quite a lot of money to spend on your healthy pup that never needs more than a yearly exam, which you also still have to pay out of pocket for.
At the end of the day, it is up to you to decide if it is worth it for your goals and plans. If you have a breed that is prone to health problems, pet insurance most likely won’t go to waste and you may encounter a situation that has you thanking your lucky stars for insurance.
If you are a new insurance adjuster, think about pet insurance as a way to expand your business. It is widely popular among young pet owners, and at the end of the day, most people are thankful they went the extra mile to protect their pets.
Get your insurance adjuster license today with the courses 2021 Training offers.