They do not cover pre-existing conditions – While most companies will not cover any type of preexisting conditions, some may offer some type of protection for illnesses that are controlled and do not present an immediate risk. In that case, companies will usually require a long waiting period to confirm the animal is, in fact, stable, and require veterinarian monitoring to verify a positive prognosis. Terminal diseases previously diagnosed are not covered by any pet insurance company in the US.
They do not cover certain health problems common to specific breeds - Hip dysplasia, a common occurrence in aging German shepherds, is not covered. Some companies add a surcharge for large-breed dogs.
Premiums increase with age - Most pets less than six years old can be automatically accepted. Older pets may require a throughout veterinarian examination. Some companies do not accept senior (over seven) pets, and premiums tend to increase considerably as pets get older. Other companies only offer accident coverage for older pets.
There are set dollars limits for specific illness – Although most companies will tell you you are covered for up to $14,000 a year (sometimes more), many of them have set limits for every incident. For example, if the company only allows $500 for fractures and your cat needs a surgery that costs $1,000, you will have to cover the difference.
Verdict
Both animal protection agencies and veterinarians recommend that pet owners consider health insurance.