If you own a cat, or even a dog, you know full well that they can be quite the trouble makers. If you’re like many pet owners, you’ve paid thousands of dollars for expensive pet insurance policies that cover accidents, loss of income, and other unfortunate situations. But what if your furry friend gets hurt? If you’ve been paying hundreds of dollars per year to protect your furry friend from accidents, you’re probably wondering what’s in store for you when you need pet insurance to cover such unfortunate situations.


What is Pet renters insurance

A pet renters insurance policy is specifically designed to cover the regular cost of care and feeding for pets that you give to other people. Most policies cover two types of pet care. First is coverage for medical emergencies, whether you need to visit your vet or your pet falls ill. Second is a service that lets you set up your pet for long-term care in a place you choose. For example, a service that allows you to have someone stop in and feed your dog twice a day. If you think that’s the most expensive insurance you’ve ever bought, you’re definitely not alone. Most pet renters insurance policies cost anywhere from a couple hundred dollars to $500 per month. But some policies are affordable and relatively inexpensive. For instance, the policy that AllState offers starts at $25.


Why You Need Pet Insurance

First of all, you need to understand that your pets, just like your children, come with certain risks. This includes the possibility of accidents, sickness, and other unexpected issues that could result in your pet needing medical care. According to Petplan, injuries and illnesses, such as cancer, obesity, and other issues, can cost your pet’s lifetime care and feeding around $20,000, whereas other accidents like cardiac, neurological, and chronic illnesses can run between $15,000 and $20,000. And if your furry friend has a severe condition, it’s possible that he/she could be euthanized. Pet insurance can cover these type of injuries and illnesses.


What is covered by pet renters insurance?

First and foremost, pet renters insurance doesn’t cover any accidental injuries. They can’t get injured and you can’t get hurt. It is, however, a “secondary insurance” policy. That means that it’s a supplemental policy and it helps cover your other policy expenses. Your homeowner’s insurance, on the other hand, covers most accidental injuries. There’s usually a small deductible and it’s excluded from many homeowners’ policies. What else is covered by pet renters insurance? In addition to primary and secondary insurance, pet renters insurance can help cover things like: Recovered costs Medical bills Behavioral problems The treatment of injured pets Any incidents that occur outside of the home Pain and suffering You will need a health care credit card to use this policy.


When do I need to purchase a policy?

Buying pet insurance is a very important decision. In the wake of an accident, it’s not uncommon for families to discover that their pets have not been insured. As soon as you realize that your dog or cat has been injured, you can have the damages covered, and avoid a costly vet bill. Most reputable insurance providers have a 90-day window in which you can file a claim. They’ll require a written estimate, and then they’ll authorize payment for the full cost of the treatment. The most important thing to know is that your pet insurance policy doesn’t cover all medical expenses. You’re still responsible for paying for costs such as doctor’s visits and prescriptions, and you’ll also need to pay for any pre-existing medical conditions that your pet has.


The Cost of Pet Accidents

One of the most important things to know about pet insurance is that the cost can add up to be quite steep. One way to look at the cost is to look at the yearly deductible amount. For example, if you pay $300 per year for a $10,000 premium, it would cost you $300 every single year. Once you’ve met this $10,000 deductible, the insurance company will pay out the expenses. It may not seem like a lot, but when a dog slips a disc or has a bone cancer that costs $100,000 to treat, $300 a year is a lot. That’s a $30,000 difference in coverage! Below is a chart that lists some common expenses for pets and their owners: Welfare – $4,500 If you pay $300 a year for $10,000 a year of insurance, your $300 deductible could cover care for your pet for five months.


What’s the Best Pet Insurance?

In order to figure out what’s the best insurance coverage for your pet, it’s important to keep in mind what’s included with any pet insurance plan. Coverage can vary, and you’ll have to look at every insurance company’s policy in order to find one that best fits your needs. The best policies for your pets include pet injuries, which cover any accident that your pet has that is covered under your pet’s policy. You may even need to add special coverage if your pet is part of the local school district, which might include exclusions for certain damages to school property. Typically, you’ll need to add insurance for pre-existing medical conditions. If you have a health condition, such as diabetes, you may not need to add it to your pet insurance policy at all.


Who should consider purchasing a policy?

“The question that immediately comes to mind is who should consider purchasing pet insurance,” says Trish Wexler, Executive Vice President of PetInsurance.com, a comparison site for pet insurance. “This depends entirely on what you are looking for.” Many people forgo pet insurance due to the high price of premiums. “The average price of a pet insurance policy is $103 per month,” says Wexler. “While this may seem like a lot to pay, pet insurance is much cheaper than the costs of veterinary bills.” Wexler cites the example of the golden retriever that needed an extensive surgical procedure at one of the leading pet hospitals in New York City to treat a tumor. The recovery was estimated to cost the dog’s owner $10,000 to $12,000.



All-in-all, you should never let a pet owner worry that their furry friend might get injured or die. Pet owners need to feel confident that their pet is in the best possible hands. But even if your pet is covered with great insurance, accidents can happen, and your pet could suffer serious injury or even death. This can really throw a wrench in your pet’s day and could force you to make difficult decisions. If you’re an owner, then you should always make sure to cover your pet with insurance so that you have the peace of mind to handle the unexpected. If you own a cat or dog, you’ll probably agree that pet insurance is a must. But if you’re not an owner, what are you waiting for?