A Word About The Cheapest Pet Insurance
The old saying that you get what you pay for is true in any thing you buy whether it be a product or a service. When you are considering pet insurance for your pet you should probably take notice of a few warnings if you will be buying the cheapest pet insurance you can find. The cheapest pet insurance, as you would expect, is not going to be the best pet insurance but that does not mean that you should not consider buying the cheapest pet insurance you can find. Any pet insurance is better than no pet insurance but if you are considering the cheapest pet insurance then you are going to want to make sure that you are at least able to recover your investment if something should happen to your pet. The only danger in buying the cheapest pet insurance is in not reading all of the fine print that comes with it.
In most cases pet insurance is not dependant on a network of veterinarians to offer coverage. Pets insurance is something you submit to the insurance company after you have already paid the vet or you submit your claim with the intent to use the check from the insurance company to compensate your vet for their services. This is one of the ways in which the cheapest pet insurance may not be the best route. When you are searching for a good pet insurance company ask them how they interact with your vet and find out what their procedures are for paying claims. If the cheapest pet insurance you can find makes it a habit of trying to pester your vet to lower every bill you submit then this can put a strain on your relationship with your vet that does not need to be there. Talk to the insurance companies and ask them what their procedures are and then discuss these with your vet. Remember that changing pet insurance companies is a lot easier than changing vets.
Paying The Claim
The cheapest pet insurance companies are cheap because they are cheap. You may be asking yourself what sense that makes but if you think about it then it makes perfect sense. The cheapest pet insurance may be able to offer cheap rates because the plain and simple fact is they do not pay out on claims as well as the other pet insurance companies do. If you expect this going into your relationship with the insurance company then this should not be an issue. However the cheapest pet insurance companies not only pay less in claims they are also very unpredictable as to how much they will pay per claim. If you file a large claim with a cheap insurance company then it could be months before you settle with them and it will usually be much less than you expected.
Once again it is better to have lousy pet insurance than no pet insurance at all and if the cheapest pet insurance is all you can afford then at least you can look forward to some sort of financial assistance with your pet's care as opposed to none. But just be warned that some companies can be difficult to do business with and in some cases you may find them to be total frauds. Always remember that any kind of fraud is against the law but pet insurance fraud is still very new and the law is still very vague on it.
