If you're like most American pet owners you think of your pet as more than just a pet, it's your child. Pets, just like your human children need the proper health care, and just like with humans the cost really do add up. The cost of a vet visit can cost the same if not more than you visiting your doctor, depending upon why you're there. Buying pet insurance can really help you off set the cost of taking care of your furry friends. The following steps will help you find the right insurance for you and your pet. 1. Before you buy pet insurance consider a few factors. If you don't have a pet you obviously don't need it, but if you have a pet you plan to keep for a long time this will be a wise investment. 2. Contact your insurance provider for information on policies they may carry for your pet, some leading companies have begun to carry this service. If you company isn't one of the pet friend companies, all is not lost. You can go online and get contact information for some pet friendly insurance companies. The major providers include PetCare Pet, PetsHealth Care, Premier Pet and Veterinary Pet Insurance. 3. Talk to your vet about the possibility of buying pet insurance. They, as well as the insurance provider will be able to tell you what you'll need covered in the policy. Your vet will be a better source of information due to the fact that he knows your pet and what …show more content…
Following the death/accident or the loss, one is left in a sticky financial situation. Insurance basically means protecting yourself from unseen and unexpected perils. We do not claim to know when these dangers may occur but we prepare ahead to protect ourselves from them. Surprisingly, some may not know the theory of insurance even though most of their property may be insured. Insurance operates on the concept of "pool of interests". This means that a number of people having a common insurable item, may come together and agree to pay regular sums of money called "premiums" to protect themselves from an uncertain danger. There is no possibility that in the event that an accident occurs, it will affect everybody. If the accident happens, it will most likely happen to only one person in the insured group. Thus the regular payments made by the entire group are put to use in helping to return the affected member's property to its original state. Insurance is governed by six principles, namely; Utmost good faith This requires you to be open with your insurer concerning the property to be insured. Indemnity This means that in the event that the accident occurs, the insured will be place in the same financial position that they were in before. Subrogation This states that the damaged property is now owned by the insurance company