Pet insurance offers millions of owners a unique opportunity to protect both their pet and their bank account. In exchange for a minimal fee to a provider each month, dog and cat owners can rest assured knowing that their beloved pet has guaranteed medical care – and that they will have the financial support to deal with any emergency or illness.
Because animal insurance is not as well known as more traditional types of insurance such as health, life and car insurance, homeowners may not know when to purchase a policy. But like these other types of protection, there are better times to find a cost-effective and reliable plan than others.
If you’re considering pet insurance, start with a free quote online so you know exactly what to expect.
3 of the best times to get pet insurance
Pet insurance can be helpful at most stages of your pet’s life. But if you’re looking to get the most out of your investment, it’s worth acting during one of these three periods:
When the animal is young
A young pet is less likely to experience serious health issues than an older pet. This relatively low risk will result in lower premiums to be paid each month.
“Younger pets tend to cost less to insure than older ones, and since some breeds of dogs and cats are prone to different medical issues, your pet’s breed can affect your price as well,” notes pet insurer Fetch by The Dodo. “Where you live is also a factor, as the cost of veterinary care varies from place to place.”
While it may be too late to change things like breed and location, you can always act to get a policy now while your pet is as young as it will ever be.
You can easily start checking prices online now.
When the animal is healthy
The pet insurance provider won’t cover your pet’s pre-existing conditions, so it pays to get a policy locked in before these issues arise.
“A pre-existing condition is an injury or illness that occurs or shows symptoms before coverage begins or during a waiting period,” explains pet insurer Spot on its 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.”
“A pre-existing condition is anything that happens before you enroll or during the waiting period,” says Fetch by The Dodo. “Like other providers, we do not cover pre-existing conditions.”
So if you want comprehensive coverage at a reasonable price, it’s worth getting a plan quickly, before lingering health issues arise.
If your pet already has pre-existing conditions, however, there may be another time to act.
After the disappearance of a pre-existing condition
If your four-legged friend hasn’t cleared the window of pre-existing conditions – and you can afford to wait – then wait a bit. Indeed, some pet insurance providers will eventually provide coverage if a persistent health condition has gone away.
“However, with the plans provided by Spot, this does not mean that the condition cannot be covered in the future if the condition is curable,” they explain. “An injury or disease that is curable, healed and without treatment or symptoms for 180 days will no longer be considered pre-existing, with the exception of knee and ligament conditions. If a knee or ligament condition occurs before taking effect of hedging date or during a waiting period, futures will not be hedged.”
Lemonade pet insurance goes one step further by clarifying what conditions will and will not be covered.
“A healed condition is a temporary condition or injury that is resolved for at least 12 months and may be considered for coverage in eligible states (check with customer service to see if curable conditions are covered in your state) “, notes the pet insurer. . “Ailments of the knee or ligaments and chronic conditions such as allergies, asthma or cancer cannot be cured.
Answer a few simple questions online to find out what coverage your pet can get now.
The bottom line
Although pet insurance can be valuable at many stages of an animal’s life and each animal’s individual circumstances vary, there are generally better times to purchase a policy than others. So if your pet is young, healthy, or has fully recovered from a persistent health condition, it probably makes sense to act quickly.
Get started now with a free online quote.
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