Pet Insurance

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Pet Insurance is the insurance which pays either partly or in total for the policy holder's ill or injured pet. This insurance gained prominence due to the fact that the medical expenses of the pets have been increasing and the pets are getting more and more expensive by each passing day. Some of the Pet Insurance policies may also pay the claim amount in case the Pet is dead or lost or Stolen. The market of this Insurance has increased due to the fact that the modern day pet owners are a lot more concerned about the health and wellness of their pet.

It is being believed by many people that Pet Insurance is similar to the Health Insurance which is taken on the health of the humans. However in reality Pet Insurance is actually similar to Property Insurance as the pet Insurance reimburses the money when the policy holder or the owner of the pet has received care and applied to the Insurance company for the claim.

Most of the policies in United Kingdom may provide for 100% reimbursement of the fees paid to Vet, However this is not a common practice and depends on the terms and Conditions mentioned in the policy. The Policies in the United States Of America usually doesn't reimburse the entire amount of Vet fees, they reimburse upto 90% of the Vet fees and other expenses depending on the policy taken by the Pet owner.

 In the olden days the Pet policy never used to cover the Vaccination expenses of the pets however this practice has been abandoned by the Insurance companies and they are now covering the Vaccination expenses as well as other treatment which is done to the pet, however at a slightly higher rate of Premium. Some Insurance companies offer policies not directly related to the health of the Pet, and includes the boarding cost incurred to take the pet to the Hospital.