This video explains how pet insurance is a financial product designed to mitigate the costs associated with veterinary care, drawing parallels to human health insurance.
- Pet insurance helps offset the veterinary costs for illnesses and injuries.
- Policyholders pay a premium for coverage that reimburses 70-90% of veterinary expenses.
- Payments for veterinary services are made upfront by the pet owner and reimbursed by the insurer.
- Pet insurance policies have exclusions; it’s important to thoroughly understand your policy’s coverage limits and excluded conditions.
