Definition of Pet Insurance
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| Muffin and Daisy the ducks |
Pet insurance is a type of insurance that provides protection to domestic animals from certain risks. The risks covered are very diverse, ranging from total permanent disability or risks arising from accidents, to death.
Although some forms of protection are the same, the meaning of insurance and its use are not the same as life or health insurance for humans. Basically, this pet insurance is a derivative of a property insurance product that is modified according to the needs of pet owners.
Usually the types of animals that insurance can register are household animals such as dogs, cats, the ducks, fish and ornamental birds. However, several types of exotic animals that are permitted to be kept can also be insured, such as ;
- Parrots and other large birds
- Small birds such as parakeets, lovebirds and cockatiels
- Bird of prey
- All turtle species
- Terrapins
- Rabbit
- Guinea Pigs and other harmless small mammals
- Medium-sized exotic mammals, such as the Pygmy Goat and others
- Various varieties of lizards, such as geckos, iguanas and anoles
- Non-venomous snake
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Milli the himalayan cat and her laptop
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Exotic animals that are categorized as endangered protected animals can be insured if they are kept after it has been proven that they were not obtained illegally as evidenced by having a permit from the Natural Resources Conservation Agency.
In addition to house pets and exotic animals, some companies also provide livestock insurance. For the policy itself, in general there are 2 types of policies, namely:
1. Non lifetime (not lifetime)
which provides protection to pets under certain conditions and period of time. Generally, this type of policy is used by animal owners who keep animals for commercial purposes.
2. Lifetime
is a type of policy that protects pets from life to death. This policy includes covering pet burial costs. Considering that committing to raising animals requires quite a lot of money, such as for health care and treatment, of course having insurance can be a solution to lighten the burden of these costs.
Pet Insurance Benefits
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sleeping beauty
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1. Compensation for losses due to theft
If your pet is lost due to being stolen (taken by force or coercion), then the pet insurance will provide reimbursement according to the animal purchase receipt.
2. Compensation for death or disability due to an accident
The risk of accidents may occur to pets, especially if they often walk outside the house. Pet insurance products generally offer compensation if a pet dies or is disabled due to an accident, for example falling, drowning, or crashing. Some products will even cover funeral expenses as well.
3. Animal medical expenses due to accidents
Accidents that befall beloved animals can also cause injuries, so they need to be taken to the vet. Some animal insurance products offer coverage for these medical expenses.
4. Compensation for third party legal liability
If your pet attacks another person or third party causing injury, the insurance will provide compensation for third party lawsuits. This means that the insurance will cover the third party's medical expenses.
5. Advertising compensation or prizes if animals are lost
If our pet is lost, of course we will look for it by placing an advertisement asking for help from other people who see it. There is also insurance that offers compensation for advertising as well as prizes for people who find beloved animals.
Pet Insurance Premium Amount
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Chiko the Tuxedo cat
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The amount of insurance premium that you have to pay varies quite a lot and is influenced by many factors. First, from the animal species, let's say domestic animals like dogs, which are usually more expensive to insure than cats.
When looking at species, mixed animals may be the cheapest to insure, while larger animals with unclear pedigrees can be more expensive. This is related to vet bills which tend to increase according to the size of the pet.
Among purebreds, when looking at a genetic predisposition to certain conditions some races are more expensive to insure. Apart from the type, the age of the pet also affects premium costs, the older it is, the more expensive it is.
How to Claim Pet Insurance
As discussed earlier, this insurance is a derivative of property insurance, therefore the system applied is reimbursement like property insurance. So, you have to bear the cost of medical treatment first and then submit a claim by including proof of payment. To process the claim, you can follow the steps below:
1. Ask for help with your favorite pet problem at the Veterinarian
2. Claim insurance by bringing proof of payment directly to the office of the insurance company concerned, through an insurance agent or filling out a claim form online.
3. Reimbursement will go down when the claim has been approved
Those are some information related to pet insurance which is currently quite in demand due to the increasing number of animal lovers who want to provide protection for their beloved pets.
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