Wednesday, October 28, 2015
VETERINARY MEDICINE: PET INSURANCE IS A MULTI MILLION DOLLAR INDUSTRY!!!
VETERINARY MEDICINE: PET INSURANCE IS A MULTI MILLION DOLLAR INDUSTRY!!! VETERINARY MEDICINE: PET INSURANCE IS A MULTI MILLION DOLLAR INDUSTRY!!! Pet lovers and owners are so attached to their pets,and will do all that is possible to ensure better health for their pets.There are various animals that pet lovers consider as pets; these include rabbits,dogs,cats,monkeys,parrots,tortoise,peacock,stork and certain reptiles to name a few.These pets can come down with diseases that can be life threatening and the only way to ensure that the pets have a new lease of life is to provide quality care which is usually expensive. The role of the insurance company in the pet world is to ensure adequate cover for pets and pet owners.The insurance sector usually operates several plans that the pet owners choose from and enjoy benefits. VETERINARY MEDICINE: PET INSURANCE IS A MULTI MILLION DOLLAR INDUSTRY!!! The insurance cover is usually divided into the following plans; 1)pay-as-you -visit-plan. 2) silver plan, 3)bronze 4) gold plan.The premium and benefits of these plans vary,it all depends on outlined scope of diseases it covers.The general way the plans work is that a fixed amount is paid to specified insurance companies that are linked to participating vet hospitals, where pet owners can access veterinary care as stipulated by their plan. FACTORS CONSIDERED FOR THE POLICY; like the normal insurance there are scopes of operation which must be verified before you pay for the cover.These include 1) age 2) breed 3) susceptibility to certain diseases and 4) prognosis of certain conditions 5) value of dog: cover. When all conditions are fulfilled,the pet owner is sure of quality vet care for pets.The premium could be paid monthly or quarterly depending on the policy and the insurance company pays participating vet hospitals agreed fees for services rendered. Love pets # get them covered # excellent vet care.The participation of insurance firms in the animal world will definitely stimulate economic growth.When pets are acquired,they are registered and insured,this data base will be a planning and monitoring tools.