Pet insurance explained in 2 minutes [VIDEO]


Policygenius Staff

Policygenius Staff

Insurance Expert

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Published May 27, 2015|2 min read

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Want pet insurance explained to you in two minutes and also watch an amazing reimagining of a classic fairy tale? We've got you covered.

Full Transcript

Once upon a time a clumsy little girl named Goldilocks broke into a house of bears and decided to eat their breakfast. "This porridge is too hot!" she shouted at no one in particular, and then she tripped and spilled the entire bowl on her dog Gary. Goldilocks rushed Gary to the vet for emergency porridge removal. To her dismay, the costs were so high that she couldn’t afford the final item: a custom-fitted dog toupé. So she cut off her own hair and made a weave for Gary, and then they both looked like idiots.

Pet insurance would have helped Goldilocks and Gary.

Pet insurance is like health insurance for your pet. It helps pay vet costs to treat accidental injuries and illnesses.

There are two types of pet insurance plans. Accident plans help pay the cost to treat injuries like broken bones or the ingestion of harmful items. Comprehensive plans cover not just accidents but the treatment of illnesses like cancer or renal failure.

Most plans don’t cover wellness and preventative care costs, but you can pay to add this coverage.

The day-to-day cost of pet care is usually affordable, but the cost of emergency treatment can be surprisingly high. A single surgical procedure can cost several thousand dollars.

Pet insurance protects you from that kind of sudden expense, so you aren’t forced to choose between your pet’s health and your financial well being.

For better coverage, buy a comprehensive plan instead of an accident only plan. We also recommend you make sure your plan covers congenital and hereditary conditions.

Avoid plans that reimburse based on a fixed schedule of costs, as they’ll typically pay less. You should also avoid plans that set maximum payouts for specific body systems or conditions.

The moral of this story? Don’t end up like Goldilocks and Gary. Buy pet insurance.