If you can cover the worst case scenario costs for your geographic location, out of your own pocket, then you may not need pet insurance. In Anchorage, this worst case scenario could easily range between $3000-$10000 in total fees. If your decision is that pet insurance is right for you, each pet insurance company may have multiple advantages and disadvantages. One of these considerations is cancer therapy. If you decide that you would choose to perform cancer therapy (if needed), this could impact your choice of pet insurance company. Another consideration is hereditary conditions. These are conditions that are due to genetic problems within a specific breed. An example of this would be hip dysplasia in a Labrador Retriever. If your pet(s) are mixed breeds, these exclusions may not apply to you. Here are some important points to look for:
Does it cover accidents / injuries AND illnesses? The illness part of the coverage must include coverage for chronic diseases. Chronic diseases are illnesses that have long duration but the pet may be able to live a very happy life when managed well. Examples include: heart disease, chronic kidney disease, thyroid conditions, and allergies. Some companies will only cover chronic disease in the policy year that it was diagnosed.
Does it have a maximum payout limit that will cover the worst case scenario costs for Anchorage? The maximum payout limit is the maximum amount of money the insurance company will reimburse you. The payout limit can be based on an annual, lifetime, or per incident basis.
Are there exclusions and requirements? Read the exclusions and requirements so that there are no surprises!
Accident only policies tend to be much cheaper than all the other policies. We do not recommend these policies. The insurance company will often not consider an accident what the owner would consider an accident.