I am thinking about purchasing pet insurance. What should I be aware of?

Purchasing pet insurance is becoming more and more popular for a variety of reasons. The major reason is that your pet is a lot safer with pet insurance. Frequent trips to the veterinarian will be covered with pet insurance as well. However, many people make foolish choices when it comes to getting the right policy for your furry friend.

Here are some tips:

• Don't purchase too much coverage
 
• Don't purchase too little coverage

• Make sure you know what your pet needs

• Talk to a professional about your budget

• Tell the insurance company representatives what your needs are

• Make sure that you get a full analysis of your pet so you won't have to lie on the application

• Keep in mind that all records are stored

• Keep in mind that some policies include deductibles and co-payments, others pay only a flat fee per ailment

• Keep in mind that some policies only cover cats and dogs

• Breed-based genetic ailments or pre-existing conditions, are often excluded

• As the pet ages, keep in mind that premiums may rise

• Keep in mind that some policies may have a maximum payout

• Be aware of the fact that premiums are never stable, and when insurers claim that they always will be, you might want to suspect insurance fraud

• Contact an attorney if you suspect something about the insurance company that you were looking at

• Make sure that you check with your state department of insurance as a source for pet insurance, as well