Why do pet insurance policies have so many limits?
As with any insurance company, pet health insurance has to place some sort of limit onto what they pay out, otherwise their risk is too great, blablabla. Ok, we get that. Some include a great list of incident exclusions, some put dollar limits on a per incident, per year or per lifetime basis. What I can’t pull myself to understand is how companies place limits on a condition basis, when the pet owner more than likely doesn’t understand how much a given incident might cost.
Companies may boast about “we pay out up to $30,000 a year!” and then in the fine print or in fast paced radio voice “each incident only pays $1000”. So, what you’re telling me is that my pet would have to have 30 separate incidents for me to receive the full ‘benefit’?! Wait a minute, something doesn’t add up. Not to mention, what most pet owners aren’t aware of ahead of the incident, is that cancer treatments and knee and hip surgeries, for example, can cost an upwards of $10,000. How many of you have been tricked by limits? What do you suggest to others looking for insurance?
You can learn more about pet insurance limits by visiting here.
