Pet insurance can be a valuable and cost-effective way to protect your dog or cat in the event of an emergency, illness, or routine medical care. Owners can choose to pay a moderate premium to a provider each month or they can opt for a reduced rate if they pay annually. Either way, owners can rest assured that their pet – and their bank account – will be protected.
As with most financial products, however, the timing of a purchase is critical. Pet insurance is no different. To make the most of this unique financial protection, potential policyholders will want to be sure they have purchased their policy at the most opportune time. For the majority of pet parents, this means taking action as soon as possible. The reasons for this timing suggestion relate to both cost and care.
If you’re looking for pet insurance, get it started a free quote so you know exactly what to expect.
2 Major Reasons to Get Pet Insurance Quickly
Here are two major benefits of getting a pet insurance policy now.
The sooner you get pet insurance, the better. That is, of course, if you want to pay lower premiums. Pet insurance works like most traditional types of insurance in that it charges less for younger, healthier applicants. The older your pet, the riskier it is to insure and the more likely it is to need constant medical attention. Because of this risk and the extra care, there will be more bills for the insurer to pay. This will then result in higher premiums for the owner.
“As pet owners get older, they end up needing more health care…and so do their pets,” notes the pet insurer. Lemonade. “When you purchase pet insurance, the age of your pet will impact your monthly premium.”
“While the cost of food, toys and treats remains fairly constant throughout a pet’s life, the cost of unscheduled medical care can rise sharply as your pet ages,” the insurer said. Best Pets Explain.
A lower price is arguably the best reason to get pet insurance fast. Each year you wait, you risk having to pay more for potentially less coverage. So start checking prices now to see what your pet is eligible for.
Pet insurance doesn’t always work like health insurance for humans. Example: Pet insurers can and will deny your pet coverage for any pre-existing medical conditions. So you need to act quickly before persistent medical issues arise hampering your coverage options.
“A pre-existing condition is anything that occurs before you enroll or during the waiting period,” Pick up by the Dodo Explain. “Like other providers, we do not cover pre-existing conditions.”
On-site pet insurance will not protect against these types of medical problems either.
“A pre-existing condition is an injury or illness that occurs or shows symptoms before coverage begins or during a waiting period,” they explain on their website. “A condition is considered pre-existing whether or not it has been officially diagnosed or treated; all that matters is when it occurred or when symptoms first appeared.”
Luckily, if you act now when your pet is young and healthy (and before new health issues arise), you can put your pet in the running for more robust coverage. If you wait, however, you increase the likelihood that any insurance you get approved for will only cover certain items.
So start shopping now to see what kind of protection your pet is entitled to.. Use the table below to compare some of the best providers on the market.
The bottom line
Pet insurance can be a valuable and cost-effective alternative to expensive veterinary bills and treatments. However, to get the most out of a potential plan, it’s best to act quickly. Purchasing a pet insurance policy now will position you better for both lower costs and more comprehensive care.
You can receive a tailor-made pet insurance quote now.