Does your dog or cat need insurance? A catastrophic accident or illness could cost you thousands of dollars but so could coverage over the life of your pet.
United Kingdom based ProtectYourBubble.com recently expanded into the U.S with a low deductible, fairly simple pet insurance. "We make our policies simple. A lot of policies in the market place are very complex with exclusions and limitations." said Company Founder Stephen Ebbett. The company also insures gadgets and smart phones as well as travel.
When considering pet insurance, look for exclusions such as pre-existing conditions, congenital defects, oral care and gross negligence by the dog owner. They could all affect your coverage depending on your pet's current health.
To compare different policies, PetInsuranceQuotes.com has a calculation tool.
I researched coverage for a six year old small poodle mix. Most premiums were around $30 per month and included coverage for accidents and injuries but no preventive care. Deductibles ranged from $100 to $500 and exclusions varied by insurer.
The policy would cost at least $2600 over the next eight years; most likely more as premiums increase every year or two.
Consumer Reports recommends pet owners save up the money rather than buy insurance, but it can depend on your personality and how much of a gamble you are willing to take.
When comparing policies, look at the the insurer's Better Business Bureau rating and whether they are a member of the North American Pet Health Insurance Association.
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