How to avoid a pet insurance problem

While some form of pet insurance has been around for a while, it has only recently taken off, when the cost of pet care has risen dramatically due to an increased number of procedures available.

Since then, while there are many reputable pet insurance companies, there have also been a number of pet insurance scams that have taken place by companies trying to capitalize on the new craze. It is important that you stay protected against these scams and find an insurer that is right for your pet’s needs.

Spotting a pet health insurance scam:

• Read Reviews

The best way to spot any kind of pet insurance scam is to simply read reviews of the company online. If you find some reviews claiming that they have been scammed by their pet insurance company, chances are the company is not in good standing. You don’t have to go overboard with one or two claims of fraud, but if you see a consistent number of fraud claims, it’s a good idea to stay away from that provider.

• Obscene costs/too low costs

Pet insurance shouldn’t be that expensive. If you’re looking at a provider trying to charge you a ridiculous amount of money, chances are they’re just trying to get every penny they can from you. The same is true in the opposite way. If you find an insurance company that is willing to give you insurance with extremely low discounts, chances are they won’t cover most health care costs and are just trying to win your money.

• Strange small print

Some companies have found prints that can have a major impact on your plan and your ability to get health insurance for your pet. For example, check how your pet insurance company handles “previous conditions.” Most reputable companies will only assume a pre-existing condition if it occurred before they received the insurance. However, some companies consider pre-existing conditions as anything that occurred in the past year. That means if you have a pet insurance company for 10 years and your pet has a serious accident in year 5, that accident will no longer be covered in years 6-10.

• Many procedures not covered

Good pet insurance should cover almost every procedure, if not every one. Some companies choose the procedures they want to cover. You will receive a list of procedures, and it may seem like a lot, but check with your vet to see if there are any common pet procedures that are not listed. That can show you that the insurance company is trying to avoid most of the costs. Be sure to have your vet check it out thoroughly before you decide to use the service.

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• Secretive/poor customer service

The hallmarks of a good pet insurance company are open and friendly customer service. You must have clear contact information, such as phone numbers, email addresses, and a physical location. If they aren’t friendly or don’t give you answers that help you make a decision, chances are they’re a scam. In fact, even if they aren’t a scam, it’s best to avoid insurers with poor customer service because you want to have the best experience with your insurance company.

Be careful before buying

As you can see, there are several signs that your insurance may be a scam. You need to make sure you choose a pet insurance company that is reliable, covers the cost of most or all pet procedures, is friendly, and has a history of providing more than adequate support to pet owners who need health care for their pets. The last thing you want is to rely on a company that won’t cover your pet when you need it most. Do your research beforehand and your pet will get the protection you need.