If you have a dog, cat, or other pet, you probably visit the veterinarian on a fairly regular basis. As those vet’s bills can really add up, a number of companies sell insurance for all types of animals, including dogs, cats, rabbits, ferrets, exotic birds, reptiles, potbelly pigs and various rodents.
Pet health insurance policies are similar to human health insurance policies in that they include annual premiums, deductibles, co-pays and caps. Cost of coverage is based typically on the animal’s age, health profile and the level of care you choose. Generally, older animals cost more to cover—and some companies have age limits. Also there may be exclusions for pre-existing conditions, and some insurers will deny coverage to certain breeds that are prone to hereditary conditions (e.g. hip dysplasia).