What is Pet Insurance
Pet Insurance is health Insurance that pays a portion of your pet's medical bills based on your coverage. No one plans to be injured or sick and neither do cats and dogs. As illness or broken bones can be painful. it never hurts to prepare for the unexpected when it comes to to your pets. While the love of your cats or dogs is priceless, veterinarian visits are not. Pet insurance can help make these bill more manageable.
Three Types of Pet Insurance
The three types of pet insurance are accident and illness plans, accident-only plans, and wellness plans for routine care. More than 5.7 million pets in the U.S. are insured by at least one of these pet insurance types, according to 2023 data from the North American Pet Health Insurance Association (NAPHIA). Over 92% of insured pets are covered by an accident and illness plan with an embedded wellness plan.
Accident and illness plan
An accident and illness plan is the most commonly purchased pet insurance policy. It offers comprehensive coverage for your pet’s illnesses and injuries, reimbursing you for unexpected vet bills after your pet receives covered medical treatment.
Accident-only plan
An accident-only pet insurance plan covers the cost of veterinary care for accidental injuries but excludes illness coverage. It may be a good fit for pet owners searching for more affordable coverage or whose dog or cat won’t qualify for a comprehensive pet insurance policy because of age or health.
Pet wellness plan
Pet wellness coverage is an optional add-on some pet insurers offer as a rider to an accident and illness plan. A preventive care add-on can help offset your out-of-pocket expenses for routine medical services not covered by pet health insurance policies.
