The cost of owning a pet is high. When a pet owner is presented with the unfortunate occurrence of an illness or accident the fees associated with the veterinary care of the pet can range from a couple of hundred dollars to thousands of dollars. To offset the costs of the pet owner, pet insurance has become very popular among pet owners.

When choosing pet insurance there are many things to consider. Many pet insurers do not cover pre-existing conditions, however some companies will cover hereditary conditions that are associated with certain breeds of dogs/cats. There is usually a waiting period associated with each policy to ensure that no conditions are pre-exisiting. Some carriers require a yearly exam of the animal or a physical exam on purchase of the policy.

Another thing to consider is that each company has a different way of determining what is covered and what amount of money is paid out to the pet owner. Some companies use what is called a benefit schedule in that it lists what amount is covered no matter the cost associated. This can be a flat amount of money or a percentage. Some companies will automatically cover a certain percentage of the costs of the illness as long as it’s approved.

Pet insurers can exclude certain breeds of dogs/cats from insurance. Insurers can also charge more for older animals through the deductible or premium. Location of where the animal is can also play a factor in that certain areas will cost more then others when getting pet insurance.

There are many different options out there for coverage. Some companies will offer accident only, some will offer accident and illness. Some companies will offer an option wellness coverage add on to the pet insurance.

Another thing to consider while choosing a pet insurance is that some insurance will require that the vet be in a network while others will insure a visit to any vet as long as it’s licensed.

Some pet insurance have caps on yearly expenses while others have caps on each illness or accident.