What is Dog Insurance and How Does it Benefit Me

Dogs are our trusted companions. They often become a permanent member of families worldwide. Some serve mainly as family pets and best friends, while others occupy the roles of guard dogs and service dogs.

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Guard dogs tend to be bigger in size and are more aggressive. Service dogs, though oftentimes on the bigger side as well, are gentler. Smaller breed dogs, often labeled as “handbag dogs,” are permanent companions and lovable pets.

Regardless of the reason for owning a dog, the onus is on the individual to ensure that the animal is looked after. This means providing protection both for the dog and for those who come into contact with your pet.

Just as you would choose to purchase insurance for yourself, the same is recommended for your pet. You can access dog insurance anywhere. All animals deserve the same privileges, which tend to benefit the owner as well. This concept might seem strange to many, but it can work to your advantage.

Learn About Getting Insurance for Your Dog

Continue reading this article. It aims to highlight why your dog would need insurance and how it could be one of the best decisions you will ever make. 

1.     Why You Need Dog Insurance

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Having a pet is a huge responsibility. Besides their diet, grooming and mandatory trips to the vet, you should consider getting dog insurance as well. Routine visits to the vet can be costly, which is the main reason you would need insurance.

Not all owners will opt for this, thinking it an unnecessary expense, but it can prove prudent in the long run.

Dog insurance is, therefore, a safety net that will protect you from unexpected, and sometimes, expensive costs associated with having a dog.

2.     What Does Dog Insurance Cover

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There is a wide range of conditions that are covered by insurance. Life throws curve balls that can leave you devastated if you are unprepared. As with humans, the same is true of your dog.

They too develop age-related illnesses and face many of the same life situations as people.

When shopping for insurance, you should bear in mind that policies vary. While you might want to choose the cheapest one to trim costs, you should also ensure that you are getting the best coverage regardless. The main purpose of buying insurance is to cover unforeseen circumstances, not to have the least profitable one.

3.     What to Do In the Case of Loss or Theft of Your Dog

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You may not be thinking about it at the time, but this can easily happen to your dog. In the event of a loss or theft, you will be able to make a claim.

You should ensure that the cost your insurance covers the original purchase price of your dog. If not, the company might only cover the current market value. Some insurance companies may also cover the advertising costs you incurred while trying to find your pet.

Your dog, which is a legitimate family member, is irreplaceable. No amount of money will adequately compensate you for your loss. However, this addition to your policy may give you comfort because you might want to get another dog.

4.     What About Behavioral Therapy for Your Dog

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This is a specialized area that is not covered by most vets. The costs associated with behavioral treatments can run very high. It is therefore advised that you mention this possibility when shopping for dog insurance.

5.     Does it Cover Death Caused by Sickness or Injury

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In the event of death, or any serious illness or injury, you will be grateful for having an insurance policy. The company usually covers the cost of purchase. However, you will need a death certificate from your vet as proof of how the animal died.

Like humans, age is a factor as it pertains to purchasing insurance. Companies have an age limit as it relates to death from illnesses. The premium may also be higher if you try to cover an older dog, so the sooner you do so, the better.

If your pet has to be put down, a good dog insurance policy also accounts for euthanasia.

6.     What About Coverage for Liabilities Incurred

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A great policy covers any harm inflicted by your dog against another animal or person. This kind of coverage usually goes upwards of millions of dollars.

A claim can be made if your dog commits bodily injury or damages someone else’s property.

Detailing the line items of this kind of coverage is important since only those costs you agree upon will be covered. You can get third party coverage where you cover any or all damages incurred. The other option is a comprehensive policy that takes care of both your dog and the injured party.

No matter how careful you are with your dog, accidents can happen. It is best to be ready for it under any circumstances. Having great coverage will help to minimize any out of pocket expenses.

7.     Does Dog Insurance Cover Kennel Fees and Traveling Costs

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This might not be an initial cost that is thought about but it should be considered. There might be instances where your dog has to stay overnight at the hospital.

This kind of coverage is usually for stays over four consecutive days. Also, if you are an owner who likes to travel and bring your dog with you, then this is something to think about as well. Should your dog get sick, or injured while traveling, you will be able to seek medical attention.

Different Types of Dog Insurance

Now that you have decided to purchase dog insurance, you will want to know about the different options that the company has available. What you choose will depend on what you can afford.

Your choice may also be dependent on the age of your pet or its medical condition at the time of coverage. Below are some of the things to consider when choosing a policy.

1.     Lifetime Coverage

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This is perhaps the best kind of coverage that you can get because it spans your pet’s lifetime. It is the most comprehensive dog insurance policy and the premiums are paid annually and continuously.

Under this policy, the insurer will have to honor any casualty regardless of your pet’s age or any existing condition. However, keep in mind that as your dog ages, the premiums will increase.

2.     Annual Coverage

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This kind of coverage is attractive because it is paid annually and on a rolling basis. This means that you have the option of reviewing your policy every year and are able to make any changes necessary.

Life happens, and not just to your pet. If you find yourself in a less than the favorable financial situation at the time of renewal, you can choose to cancel or downgrade your policy.

This policy may not cover pre-existing conditions. And you are also likely to face difficulty getting insurance when your pet is older.

3.     Accident Only Coverage

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This is the most inexpensive dog insurance that exists. This only covers accidents, such as if your dog is hit by a car. It will not cover illnesses.

You may not wish to purchase this insurance, since the majority of the reasons why dogs visit vets are for illnesses or routine check-ups. This policy, though the cheapest, will not prove beneficial to you.

Affordability of Dog Insurance

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Many owners, though aware, opt not to purchase insurance for their dogs. One very obvious reason why pet owners delay visiting a veterinarian is that the treatments can be quite pricey. The cheapest coverage is certainly not the best. This could have you forking out cash that you might never be able to recoup, with an insurance claim.

You should be aware of how much of your animal doctor costs will be covered by your insurance before you purchase the policy. Many existing policies will not cover pre-existing conditions or preventative treatments.

While different companies offer a variety of dog insurance policies, the basic ones carry similar monetary values. The average monthly cost for insuring a dog is $43.14 for both illnesses and accidents. However, the range of costs falls between $25 and $70 at some of the largest pet insurance companies.

That said, how much you actually pay depends on what you include in your policy and the type of policy that you choose.

How Dog Insurance Benefits You

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In the same way that you would plan for your health and possible ailments, you should do the same for your dog. They age and suffer from many of the same complications as humans.

The most basic reason, therefore, for seeking insurance is to cover vet costs. These are routine visits every owner should schedule for the well-being of their pet. The greatest benefit of having dog insurance is the amount of money you will save.

It might not seem to be the case at first, but in the event of an illness or accident, you could easily run into financial difficulty trying to honor debts. At least, dog insurance offers a buffer in times of crisis. It protects your pet and assumes liability for damages incurred. Without this safety net, you risk losing a lot more than what you would pay on monthly premiums.

There is a range of policies and coverages to choose from that can synchronize with your financial goals and your pocket.