What to Know About Pet Insurance in Charlotte, NC

Unexpected vet bills can typically range anywhere from a couple hundred to several thousands of dollars. Pet insurance helps protect you from the cost of unexpected accidents & illnesses when your four-legged friend gets sick or injured. Generally, here’s how the process works:

1. You purchase a policy and pay a monthly or annual premium.
2. Visit any licensed veterinary clinic or animal hospital whenever your pet experiences an unforeseen health issue.
3. Pay for the cost to diagnose and treat your pet’s condition upfront, at the time of service.
4. File a claim with your pet insurance company.
5. Get reimbursed for covered costs via check or direct deposit.

There are two main types of pet insurance plans to consider: Accident-Only (AO) and Accident & Illness (AI). Most people purchase the second type — Accident & Illness plans — because they cover a wide variety of unexpected health issues. This list may include:

• Injuries, such as broken bones, torn nails, lacerations, and getting hit by a car
• Accidents, such as foreign object ingestion and accidental poisoning
• Acute illness, as in the case of ear infections, UTIs, kennel cough, and similar infections
• Chronic illness, for cases of diabetes, arthritis, allergies, and the like
• Genetic (hereditary) disorders, such as hip dysplasia and patellar luxation
• Congenital disordrers acquired at birth, such as heart defects
• Terminal disease, including cancer, kidney failure, and more
• Diagnostics, like x-rays, blood tests, and more.

Many pet insurance companies (known as “carriers”) also offer wellness plans to help cover the cost of routine veterinary care for things like vaccinations, flea and tick prevention, and annual checkups. Every pet insurance policy is different, so it’s important to read the fine print to understand what is and isn't covered when choosing a carrier.

• Deductibles: Your deductible determines how much will you have to pay out-of-pocket
  before your pet insurance policy starts paying for eligible veterinary bills.
• Reimbursements: The amount you receive in claim payouts will be based on the
  reimbursement percentage you choose when enrolling, which can range between
  70-100%.
• Waiting Periods: Policy benefits don’t kick in immediately; all pet insurance companies
  enforce a mandatory waiting period before coverage begins.
• Pre-Existing Conditions: Pet insurance only works for unexpected health issues your
  pet may develop throughout its lifetime. It can’t be used to pay for conditions that existed
  before the policy was purchased.

If you think pet insurance is right for you, remember to keep these things in mind when
comparing plans:

1. Age Limitations: Some insurers may have age restrictions for enrollment or the
   coverage they provide.
2. Breed-Specific Coverage: Some companies may not cover specific medical conditions
   that are common in certain breeds. If your pet is prone to hereditary or congenital
   disorders, it's important to ensure the plan you choose covers these conditions.
3. Projected Costs: Your premium rate is subject to change depending on your pet's
   health and age, and the rate of increase varies by company. Be sure to consider the
   expected lifetime cost of the policy, not just the monthly price you will pay today.

By keeping these key points in mind, you can enroll in a great plan for your dog or cat,
safeguarding their well-being - and your wallet. Pet insurance can provide you with peace of mind knowing that you can afford the care your pet needs.

Pawlicy Advisor is America’s leading pet insurance marketplace and is recommended by the American Animal Hospital Association.

• Talk to a licensed expert not biased toward any one insurance company
• See personalized advice based on your pet’s breed
• Compare quotes and coverage from top companies side-by-side

Pawlicy Advisor’s team of pet parents, licensed insurance experts, and veterinary advisors is dedicated to making it easy and affordable to do the right thing for animal companions.

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