Pet insurance limitations and exclusions are important considerations. The main reason why people go for animal insurance is to get protection against the high cost of veterinary care but it can all come to naught if you are not aware of the limitations that invariably accompany every policy.
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Signing up for a policy before clearly understanding what it entails can leave you facing an unpleasant situation when it comes to getting your claims cleared. Read the small print and find out what the exclusions are so that you can decide whether the policy is still worth your while with all the exclusions. If your pet has an existing health condition, be sure to ask questions about the kind of cover it can get with that condition. Breed-specific exclusions are common, for example Basset hounds are not covered for Basset hound thrombopathia and the American foxhound is not covered for Amyloiodosis. Hereditary and congenital conditions will be excluded under most policies. The guiding reasoning behind these exclusions is that these make for the most common claims and their treatment is often very expensive.
An important aspect to keep in mind when weighing the pros and cons of a particular policy with respect to the exclusions and limitations is that the final policy that you opt for should give you a balance of good coverage and payable premiums.
If a condition occurs within a fortnight of your going for an insurance policy, the insurance company may be loath to cover it. Find out about the limitations with respect to the policies. The limitations are either in the form of duration or value of coverage. If you are considering an expensive lifetime pet insurance policy then make sure that you are aware of the limitations regarding chronic conditions and how the insurance company chooses to define a lifetime policy – is it actually valid for the life of the pet?
There are limitations and exclusions on claim reimbursement as well. As a rule, if your monthly premium is high so will your exclusion figure be. This means that your out-of-pocket expenses will be higher.
Online pet insurance comparison websites make it easy for pet owners to learn about the various limitations and exclusions that different pet insurance companies attach to the pet insurance policies they offer.