Everything You Need to Know About Pet Insurance

As a pet parent, you would do anything to keep your fur baby safe, healthy, and happy. Unfortunately, some things are out of your control. No matter how hard you try, you may not be able to prevent all accidents and injuries. 

But don’t despair. Give yourself peace of mind by getting pet insurance. Keep reading to learn more.

What is Pet Insurance?

Pet insurance provides partial or full coverage of veterinary care. The different types of insurance include:

  • Accident Only – If your pet gets injured, the insurance company will cover at least a portion of the cost of treatment. 
  • Accidents and Illness – On top of accidents this type of policy also fully or partially covers your furry friend in the event of illness not related to an accident.

It’s important to note that some policies may exclude coverage of certain health issues, such as behavioral problems. When it is about pre-existing conditions, there is no insurance that covers this matter.

Furthermore, pet insurance does not usually cover preventive services, which might include:

  • Regular check-ups
  • Vaccinations
  • Annual bloodwork
  • Checks of the teeth
  • Flea treatments

If not included, coverage for these services may be obtained with a separate additional coverage. 

Keep in mind, every policy is different. Do your research when considering a specific coverage to make sure that particular policy will meet your needs. 

How Pet Insurance Works

Dog or cat insurance can literally be a lifesaver if your pet becomes ill or injured. Instead of being forced to make a difficult decision because you can’t afford treatment, the pet insurance company will cover some or all of the cost.  

Simply pay the veterinary bill, then notify your insurance agency so that you can be reimbursed. Of course, there’s more to it than that. 

Please note that there is no guarantee of acceptance for pet insurance. It is also important to consider for yourself whether taking the insurance is the right solution for you. 

To find out, and to better understand how pet insurance works, you need to become familiar with its terms. We have listed them below and described what each one means. 

Monthly Premiums

Cat or dog insurance is paid for each month. This payment is called a monthly premium, and the amount paid varies from one situation to the next. 

Several different factors affect the cost of your insurance policy. Those factors include:

  • The type of pet you have
  • Your pet’s breed
  • Your pet’s age
  • Where you live
  • Your coverage’s deductible and reimbursement level 
  • Your policy’s annual payout limit 


When the pet insurance company pays you back, this is called a reimbursement. Some coverages will reimburse you for the full cost of treatment. Others will only pay a percentage. The amount you get back depends on the policy conditions you have.   


Many insurance policies require a deductible. This is the amount you will pay towards veterinary bills before the pet insurance company begins to reimburse you. 

There are different kinds of deductibles, including:

  • Annual – Starts over at the beginning of each policy year
  • Per condition/incident – Starts over for each new condition or incident within the policy year
  • Per visit – Starts over at each visit

If your veterinary bills don’t exceed the deductible, you won’t be reimbursed. The amount of your deductible is dependent on your specific policy conditions. 

Payout Limit 

Your pet insurance policy might only pay up to a certain amount. If a payout limit is part of your insurance policy, you must pay for any expenses that exceed the limit. The payout limit gets reset at the start of each policy year.

Filing a Claim

Before getting reimbursed, you must file a claim. This can be done after paying your veterinary bill. If the claim is approved, the insurance company will pay you back.  

Your reimbursement amount depends on your policies:

  • Reimbursement percentage
  • Deductible
  • Payout limit

Is Pet Insurance Worth it?

This common question can be answered by discussing the benefits of pet insurance. We’ve listed those benefits below. Once you learn what they are, you will realize that getting pet insurance is definitely worth it. 

Gives You Peace of Mind

What if something should happen to your pet? What if you can’t cover the cost of treatment?

To stay ahead of high (unexpected) costs, you might want to get a cat or dog insurance. This can provide support when it comes to treatments for your fluffy friend.

It is not only important for your pet’s health and well-being to be able to continue treatments when necessary, but also what it can mean and save for you emotionally and financially. By simply purchasing comprehensive cat or dog insurance, you can also give yourself some peace of mind.

That should help you sleep better at night! 

Saves Your Bank Account from Being Wiped Out

Pet insurance is a small investment compared to the cost of a life-saving veterinary procedure. While the latter has the potential to clear out your bank account overnight, the former only requires small payments at regular intervals. 

If your pet ever needs expensive treatment, your smart investment in pet insurance will pay off. Instead of taking on the cost yourself, your insurance company will help you out. That means you may actually end up saving money in the long run. 

More Reliable Than a Savings Account

Sure, you could put money into a savings account every month rather than pay your insurance premium. But can you really trust yourself to leave that money untouched? 

After all, there’s always something else you could use it for. But with pet insurance, there’s no need to practice self-restraint when it comes to receive support for (unexpected) costs. 

All you have to do is pay the company to ensure coverage of future treatments. For most of us, this is a more reliable way to go.  

It Might Just Save Your Pet’s Life

Can you imagine anything worse than being unable to afford life-saving treatment for your precious pet? How heartbreaking!

You can avoid that tragic scenario by investing in pet insurance. Of all the reasons to get your pet covered, this is probably the most convincing one of all. 

In Conclusion 

Getting pet insurance will eradicate your worries about paying for expensive treatments. That’s because you won’t have to cover the cost on your own. Instead, your pet insurance company will partially or fully take care of it.   

Best of all, your furry friend will be able to receive the necessary treatment. That alone should convince you to get pet insurance!

If you may have questions, schedule a video consultation with one of Cooper Pet Care’s qualified veterinarians. Get immediate answers to your issues – today.

You can also take a look into the range of great pet insurance products being offered through our partners. Have peace of mind knowing your furry friend is covered.


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