How to get your pet insured

Once we acquire a pet in our home, we develop a real bonding with them and over a period of time, they become an integral part of our lives. Our affection for them unknowingly gets really intense. We just cannot refrain from getting them well cushioned in every possible manner and to think of exposing them to any vagaries is an unbearable feeling. Our growing feelings for the pet animal also compel us to think about their insurance in case of illness or other misfortunes.

Firstly one has to look for out a vet who will do the evaluation of the pet animal. Besides the certificate from the vet, one also has to produce an identification certificate of the animal before the insurance company. When both these requirements are met, the insurance company decides on the premium. This premium can range of $50 to $2000. It is interesting to know that the horses that participate in the races; get a higher premium. But it entirely depends upon the horse’s breed. It is mandatory to have all the documents for the insurance process. The basic insurance is provided on illness, accidental death and body injuries. In our domestic pet cases, any injury or damage other to the third person, under the insurance clause, the company bears the damage expenses.

The pet insurance market is still to catch up with the growing animal population. The biggest hurdle is the pet’s identification and its evaluation factor. For example, if one gets the insurance of a dog of a particular breed and if the animal accidentally dies, it becomes an onerous task to match the technical identity of the same dog under the insurance cover.

This is one of the reasons why various insurance companies are very enthusiastic about the per’s insurance. The scene in the western nations is a far cry. There it is mandatory to have the pet animal identified. There it is mandatory to have the pet animal identified. There are stringent laws regarding the ownership of pet or domestic animals. The identification process of the animal is done by applying I microchip. If one tries to do any with the inbuilt device or tamper with it, the owner is subjected to pay a heavy fine.

Adopting the patterns from the European countries and the US, Indians too are getting serious aware about the insurance laws for pets.

More and more people would readily come forward and get their animals insured. The future forecast looks bright as insurance companies will have a separate zone of products, animal friendly laws for all the animal lovers out there.