A Guide to Choosing the Right Pet Insurance Package

The insurance landscape is continuously evolving to meet changing consumer demands. If you happen to own a pet, then it might be a good idea for you to consider taking out a pet insurance cover.

Many pet insurance packages are available in Singapore. Pets are also at risk of illness or accidents, just like people. It is necessary to be fully aware of what you want in a pet insurance cover for your pet, whether it’s a cat, dog or otherwise. It will help you select the package that best suits your demands.

Below is a guide on how to choose the right best insurance for you and your pet.

Identify Your Needs

First things first, identify your needs. To do that, you have to consider the primary goal of insurance is to shield you from any unexpected expenses. You thus have to find instances that may result in such bills. 

It is not possible to predict the unexpected. Therefore, the next best solution is to consider the events that are likely to happen. For example, find the health problems that your pet’s breed is susceptible to. Determine whether your pet is expected to suffer illnesses whose treatment might be expensive. 

Also factor in the probability of your pet attacking a third party. For example, dog owners have to pay the medical bill of their dog’s victim in case of an attack. These factors will help you determine which coverage you cannot skip out on, thus making it easier for you to select the ideal pet insurance cover.

How Much are you Able to Spend on Pet Insurance?

It is essential to choose the pet insurance plan that you will be able to handle. Of course, a more expensive plan would be ideal but in this case, select the one that is most essential at the right price balance. The goal is to continuously protect your pet against the insured risks, and so you mustn’t miss payments; otherwise, you will lose the cover. You also have the option of upgrading to a higher or better cover in the future.

Clinics That Accept Your Insurance Cover

The proximity of an animal clinic is crucial. So you might want to consider a cover from a Singapore-based insurance company that will cover your pet’s treatment at specific vet clinics. Some insurance companies also offer discounts if one of their partner clinics treat your pet which means you get to pay a lower premium.

Pre-Insurance Checkup

Insurance companies are determined to reduce payouts as much as possible. Some might require you to take your pet for medical and physical examinations. It is often best to avoid such insurance companies because they might end up excluding some insured risks from your cover based on the checkup findings.

Life Coverage

Life coverage might be as crucial in pets as it is in humans, which means that you should consider pet insurance that will cover your pet throughout its lifespan. Some of the pet insurance plans out there only cover pets until they reach a specific age. It is best to avoid such insurance covers and instead look for those that include the pet throughout its lifespan.

Surgical & Non-Surgical Coverage

Having a pet insurance cover that caters to surgical procedures is, but it is also worth noting that most times, illnesses do not require surgery. You should thus consider taking an insurance cover that also caters to outpatient bills. However, having both will probably raise the insurance premium.