Pet Insurance: Who Really Needs It and Why?

Posted by Joe Cayetano on Jul 29, 2020 12:21:25 AM

Covering the needs and value of pet insurance.

Pets, just like humans, provide unconditional love, greatest care, and valuable companionship, and often times, they greatly contribute to the unexplainable happiness of their owners. As such, the majority of pet owners are already considering their pets as real members of their family, and with the strong bond that both have shared, there is no denying the owners want to give their pets the best care possible; however, giving the highest quality of care and treatment to your pets comes with a price.

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Several trips to a veterinary clinic alone can already cost you money and worse, you may have to pay an even larger amount of bills in case your pet gets injured or gets an illness. But breaking the bank for routine pet care or for your pet’s medical bills is avoidable through the most affordable and most comprehensive pet insurance plans.

Why do I or rather, why does my pet need pet insurance? 

Unforeseen circumstances such as pet accidents, injuries, and illnesses are undeniably inevitable. Before these unfortunate situations happen, it is best to be prepared with a thorough pet insurance plan for the inevitable stack of costly medical bills.

But remember, pet insurance plans vary depending on the type of policy and coverage you choose. For instance, some pet insurance companies have separate policies and coverage for different types of illnesses and treatments your pet may incur. There are new alternatives to insurance like Eusoh, which has very comprehensive coverage. Their community covers accidents, illnesses, and even wellness at a reasonable price. Companies are now using newer technologies, like the sharing economy to drive down overall rates.

How much will pet insurance cost me per month?

By now, you are probably wondering if getting a pet insurance will be a burden to your pocketbook instead of being beneficial. Quite frankly, the cost of pet insurance varies depending on certain factors like age, breed, pre-existing conditions, and even location. For the most part, the average cost pet owners pay monthly for a healthy furry pal ranges from $40 to $70, and that does not include full coverage yet while some companies have pet insurance policies that cost more than $100. 

Here’s where Eusoh stands out from the rest. Eusoh’s unique model greatly helps the pet owner by 1. Providing the most comprehensive pet protection service. And 2. They guarantee their members will never spend more than $65 per month. Monthly rates are capped so you know costs will never get out of control. 

What exactly does pet insurance cover?

As mentioned in the first section, pet insurance serves as a helping hand in covering the veterinary bills of your pet. In case of emergency veterinary treatment,  you need not worry so much about the expenses because your pet insurance plan will reimburse you a high percentage of your costs. But again, you have to remember that medical costs of  veterinary procedures are either covered entirely or in part by your insurance company based on the type of plan you have for your pet.

Do I really get reimbursed for procedures and services I submit?

For most policies, when your pet needs immediate veterinary consultation or routine care, you will need to pay out of pocket first. As soon as you have the veterinary receipt, you can file a claim by submitting the receipt to your pet insurance providers, which will do the review and evaluation. When the claim is approved, you will receive reimbursement. 

However, as mentioned earlier, your plan and your insurance policy will be the basis whether the whole medical cost will be covered. Your coverage and reimbursement will be at the behest of the policy you agreed and signed up for. It is worth noting that some insurance companies only reimburse 60% to 80% of your pet’s total bills. 

New alternatives to pet insurance, like Eusoh, have the same procedures and same protocols as their traditional counterparts. There is even a submission process that can be done on desktop computers or mobile devices. But the differences end there. The funds that Eusoh members deposit when they open their account are only used to share expenses with the community. In order to use this platform is just a $17 a month subscription.

Pet insurance shouldn’t be difficult, but many companies make it that way. And this hurts pet owners’ pocketbooks. New alternatives are emerging that make true community sharing possible for an affordable price.

Topics: pet insurance, pet plan, pet health

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