Becoming a pet owner can be exciting, but it can also be pretty scary. After all, you’re essentially welcoming another family member into your household. To help ease your fears and give you peace of mind as your new best friend joins you on walks and adventures, it’s a good idea to get pet insurance.
That way, if something ever happens to your pet (whether it be an accident or something more sinister), you won’t be left helpless or have to worry about paying veterinary bills as a result of the incident. In this article, we’ll go over seven questions you should ask before signing up for a multi-pet insurance policy.
How does multi-pet insurance work?
Multi-pet insurance helps mitigate the financial impact of an accidental injury or illness on your pets. In other words, it covers both your pets and your financial situation against any unexpected mishaps, such as a major illness or injury. This type of policy can help you afford emergency medical care for one or more of your pets after an unforeseen event occurs.
What are the different types of multi-pet insurance?
There are many types of multi-pet policies available on the market, so you’ll definitely want to do some research before settling on a provider. Below are a few of the most common types of coverage.
- Accident only: This type of pet insurance provides cover for your pets in case they get into an accident. It can also cover injuries suffered as a result of a car accident.
- Time-limited: This type of policy offers short-term cover for each illness or injury your pet gets. It will also include a fixed amount for a specific circumstance over a period of time.
- Maximum benefit coverage: It provides maximum coverage for your pets up to the amount specified in your policy. There is no time limit, and you can claim for the same condition multiple times.
- Comprehensive: This type of coverage is the most expensive, but it often provides multiple coverage, from accidents, illnesses and surgeries to routine checks and vaccinations.
Does having a multi-pet policy mean you’ll be covered for every eventuality?
Unfortunately, no. As mentioned above, multi-pet policies provide different types and levels of coverage for different circumstances and situations. Even the most comprehensive coverage will have a financial cap or a limit in place for the types of conditions you can claim for.
For example, if one of your cats becomes ill unexpectedly, you would normally be covered for your cat’s care and vet bills regardless of the type of policy you have. However, if you have an accident-only multi-pet policy, it will not cover things like routine vaccinations, flea control, or other preventative care. This is because these services aren’t classified as unexpected situations; rather, they are considered to be part of ‘regular maintenance.’
Are there any exclusions and limitations?
Yes, but they aren’t the typical exclusions found in standard pet insurance policies. For example, the policy may not cover secondary or exotic pets, such as fish or lizards. Also, you may not receive coverage for a pre-existing condition for one of your pets unless you have a life-time multi-pet insurance and were covered at the time your pet’s condition was diagnosed.
What is the difference between normal pet insurance and multi-pet coverage?
Multi-pet insurance policies often have higher deductibles than standard policies do. This means you’d only pay a certain percentage of the vet bill yourself before the multi-pet policy would kick in. Multi-pet policies are also more expensive than normal policies as they provide cover for multiple pets. However, it is often cheaper in the long run than to purchase insurance for every pet.
How much does a multi-pet policy cost?
The price of a multi-pet policy will depend on a variety of factors, including your pet’s age and breed, the policy’s coverage level, and your pet’s deductible. And, depending on the type of coverage you choose, the amount you’d be covered for could be significantly higher. However, most pet insurance providers will give you a discount for each pet you insure, which will help bring the cost of the insurance down.
Is multi-pet insurance right for me?
If you have one or more pets that are prone to get injured or sick, then multi-pet insurance is the right option for you, because it can help cover the cost of multiple pets if something were to happen to one of them. And, depending on the policy you choose, it can even pay for the costs of caring for your pets who have medical conditions or after their demise.
To sum it up
Multi-pet insurance is a good option for pet owners who have multiple pets with medical conditions or who are prone to accidents. It can help protect you and your pets if something were to happen. For example, if a major illness or injury occurred while at home or while you were away, you would be covered for both your pet(s) and your financial situation.
And, depending on the policy you choose, it can also help pay for the cost of caring for your pet(s) after they pass away. This is especially important if your pets are in their senior years. Having sufficient coverage for your furry family members puts you in a better position to avoid a large expense if and when it happens.