2.11.2012

Factors That Affect Your Pet Insurance Premium Rates

When looking to enroll your pet with a pet insurance policy, factors affecting the cost your pet insurance coverage are probably not the first to cross your mind. Pet insurance quotes and policies are affected by several factors. The factors that affect your pet insurance premium rates may be pre-existing conditions, pet's breed, pet's age, overall health, and even the coverage plan itself. With so many pet insurance companies out there, it is important to compare them all and see what is best for your pet and for your money.

Pre-existing conditions may or may not be covered depending on your pet insurance plan. Pre-existing conditions are defined as an illnesses or condition that occurs prior to your pet's insurance policies effective date. If your pet has been sick in the past, or suffered from some unfortunate disease in its lifetime, chances are that it may be more costly or not covered at all. This term is usually listed in pet insurance policies and is ve ry important to read and understand. Pet insurance companies look at the pet's medical history when claims are made, and withholding this information from your pet insurance provider is not advised. Doing so, would allow the pet insurance provider to cancel your policy.

Another pet insurance premium rate factor is the breed of your pet. Pet insurance companies do their research and find out which breeds of cats and dogs are more susceptible to hereditary and congenital disorders. If your pet's breed is one with a higher risk of disease, this may cause your pet insurance premium to be higher.
The age of your pet is also important in determining your pet insurance premium. As pets age, they tend to be more prone to accidents and illnesses. It is important to enroll with pet insurance without delay because pets require more care when they are older. Naturally, younger pets have lesser pet insurance premiums than older pets, because younger pets are less likely to develop conditions such as hip dysplasia. The longer you may wait, the higher the possibility that you will have to pay more on your pet insurance policy. Each pet insurance company may have a different age cut off rate and make it difficult to obtain coverage.

Overall health of your pet is very important, even for some pet insurance premium calculations. In some cases, pet insurance companies may determine your coverage judging by the current condition of your pet. This may require a trip to the vet and have the situation assessed. To best avoid any negative notes from the vet, it is bes t to feed your pet with quality food and to provide them with a sufficient amount of exercise. Although some pet insurance companies may not even use this as a factor in determining the premium rate for your pet, it is important to find out before you purchase the pet insurance policy.

Pet insurance companies are not created equally. Pet insurance coverage plans vary in ways such that some will only cover basic needs such are routine vet visits, while others are far more comprehensive. These pet insurance companies will cover expenses that range from emergency visits, hereditary and congenital disorders, cancer and diabetes treatments, and other costs associating with long term conditions. Ultimately, comparing pet insurance companies will give you a better understanding of what options are out there and what will be best for your pet.

With numerous variables being assessed for pet insurance premiums, it is important to thoroughly compare each one be fore settling. Shopping around for pet insurance will only ensure that you are getting the best possible deal. Make sure to check and understand each pet insurance company's requirements by reading the pet insurance policies and understand the factors that affect pet insurance premiums. Doing so will help you obtain the best coverage at an affordable price for your pet.


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