Pet life insurance is not so common among pet parents who use pet insurance. This is a type of insurance that provides pet parents with some form of benefits when their pet dies thus the name “animal mortality insurance”. Let’s learn more about life insurance for dogs and cats alongside their perks.
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Content:
- Can You Get Life Insurance for Your Dog
- Dog Life Insurance
- Full Mortality Insurance
- Theft Insurance
- Cat Life Insurance
- Conclusion
Can You Get Life Insurance for Your Dog
If you would like all funeral expenses to be covered by insurance when your dog passes on, then you should consider getting pet life insurance for your dog. Usually, life insurance is made available for animals that generate income through activities like sports. Below are a few companies that offer life insurance:
- Pawprotect
- Ark international
- Embrace
- Spot pet insurance
- Hartford
- Amwins
When choosing a pet insurance, pet parents should consider how much they might be spending for cremation or other funeral rights when their dog dies which makes a pet life insurance valuable.
Dog Life Insurance
Dog life insurance is most suitable for working dogs with benefits since it insures you against financial loss when the dog dies. Revenue generating dogs that are mostly insured under this type of package include:
- Police/military dog
- Hunting dog
- Racing dogs
- Search dogs
- Rescue dogs
- Service dogs
- Show dogs
- Circus dogs
- Herding dogs
- Exotic dogs
Getting life insurance for your dog could be expensive and not usually necessary because you only get reimbursed when your pet dies. A study has proven that coverage of preventive care is the most valuable perk of pet insurance which pet life insurance does not cover.
The Petcube Fmergency fund is a good alternative if you are looking for something cheaper with a little icing on the cake. It covers emergencies up to $3000 of vet fees coverage. This can also serve as an add-on to pet life insurance, especially during emergencies.
Having an emergency fund is very crucial to safeguard your pet during an emergency that would need funds. This way, your pet would receive the needed medical attention and get back on its feet in no time. Packages like this have also been highlighted as a valuable insurance plan in some research.
“Our pet’s life comes with a lot of uncertainty, we will need to prepare for emergencies and provide treatment when the need arises”,- Dr. Boaz Man
Some life insurance policies require dogs to be medically healthy before being signed up for life pet insurance. Some pet insurance companies also have two types of life pet insurance which include the following:
Full Mortality Insurance
With full mortality insurance, you can get insured for financial loss when your pet dies from natural or accidental causes. You wouldn’t have to worry about covering the funeral bills yourself but by the insurance company.
Theft Insurance
In cases of proven theft of pets, a life pet insurance could come into play and reimburse pet owners who lose their pets to theft. These forms of pet life insurance come with strict policies like age restrictions and certification of medical fitness before pet parents could benefit.
Cat Life Insurance
Cat life insurance is not as prominent and available as that of dogs and other working animals. Pet life insurance usually covers pets with monetary benefits but some exotic cats and those involved in shows could also be signed up under the pet life insurance.
“It is better to get a life pet insurance than not, it would help cover any funeral expenses when your cat dies”, - Reddit User
As a Veterinarian, I have experienced firsthand the awesome benefits of an emergency fund plan and pet life insurance. These packages have saved the lives of several pets especially when pet parents don’t have enough funds to offset vet bills to pay for funeral services for their late pets.
To get a similar plan as that of a pet life insurance for your cat, you can take advantage of the Petcube Emergency Fund which provides $3000 coverage in emergency vet fees and a 27% discount if you sign up through the exclusive link. If you can’t access life insurance during emergencies, the Petcube Emergency Fund comes in handy.
Conclusion
Pet life insurance is a good choice of insurance for clients with working pets, as a means to recover from financial loss due to the death of a pet. Such reimbursement would cover funeral or cremation expenses. It would be best to use pet life insurance with other insurance add-ons for preventive care and emergencies since the pet life insurance doesn’t cover this.