Can You Get Insurance on Your Dogs?by Susan Paretts
Some pet health insurance policies cover both circumstantial and routine medical care.
The insurance market has a handful of types of coverage for your canine companion. Depending on your needs and your pup's, a variety of insurers underwrite policies that will cover extraneous expenses related to a pet's care. The most common pet insurance policies are for health coverage, which covers some extent of your dog's veterinary medical expenses. Life insurance policies and canine liability insurance policies are available, too.
Dog Health Insurance
If your pup is diagnosed with a serious medical condition like cancer, or experiences a moderate to severe injury, the costs involved in his treatment can run into thousands of dollars, according to NBC News. To avoid such unexpected expenses, consider purchasing a dog health insurance policy. Such policies vary in coverage and monthly fees, usually between $10 and $75 per month per dog. Some underwriters offer discounts of 5 percent to 10 percent for insuring an additional dog in your household. Policies provide reimbursement for your pup's veterinary expenses, usually between 70 percent and 100 percent of visit fees, minus a deductible either yearly or per incident. Some policies cover only accidents and illnesses; others cover routine expenses such as yearly vaccinations and dental cleanings.
Dog Life Insurance
Dog life insurance typically pays you either the estimated monetary valueof your dog upon his death or the price you paid for him. These policies may cover end-of-life expenses including burial or cremation, euthanasia, pet funeral costs and even bereavement counseling, according to InsuranceQnA.com. Veterinary expenses related to a terminal illness may be covered under a dog life insurance policy, although some hereditary conditions are typically excluded. Life insurance policies for dogs are usually recommended for wage-earning canines. Such pups include show dogs, canine performers or those owned by breeders, although any dog can usually be insured under a life insurance policy.
Dog Liability Insurance
While some homeowners insurance policies include liability insurance for canine companions, many exclude certain breeds classified as dangerous. Such breeds include pit bulls, Doberman pinschers, Alaskan malamutes and Rottweilers, according to the Einhorn Insurance Agency. For excluded breeds or dogs classified as dangerous, you can purchase separate dog liability policies that cover these dogs inside and outside your home. These policies pay for any expenses incurred as a result of your pup attacking a person or another pet, including property damage. Canine liability insurance is sometimes required by landlords when leasing to renters with dogs. Policy prices vary based on dog breed and sometimes on other things.
When purchasing insurance for your pooch, take note of each policy’s deductibles and exclusions. For example, most pet health insurance policies exclude pre-existing, hereditary, chronic and congenital conditions from coverage, according to the Petfinder website. If your pooch suffers from such health issues, a medical policy may not be worth purchasing, although it will cover accidents or routine expenses. In addition to pet insurance policies of any kind, consider starting a dog-dedicated savings account to cover your pup's health-related expenses and end-of-life care. Before purchasing homeowner's insurance, ask your insurance agent whether your dog's breed is covered by it; if not, purchase a separate liability policy for Fido.
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