Is your house going to be filled with guests this holiday season? Is your pantry filled? Are you ready? Do you have a dog? Do you need more insurance in case someone gets hurt while on your property?
What Does Homeowner’s Insurance Usually Cover?
Most homeowners buy insurance to cover property damages from storms or accidents. It also covers personal property that’s lost, damaged or stolen. Plus, homeowner’s insurance pays for medical treatment or lawsuits associated with injuries people sustain while visiting you.
Make Sure you Have Enough Liability Coverage
You don’t expect accidents to happen in your house, but a visitor could trip over frayed carpet, get food poisoning or fall off the backyard trampoline. Or maybe the traditional Thanksgiving day football game gets rough, and your cousin’s expensive watch breaks, a seasonal storm blows a branch on your friend’s vehicle or the toilet overflows on your uncle’s expensive leather shoes. These injuries and damages are all examples of accidents that liability insurance covers.
Increase Your Coverage Limit
To ensure you have enough liability coverage, check out your policy and talk to your insurance agent. Most policies include a liability coverage limit of $100,000, but you should consider increasing that limit to $300,000 or even $500,000. An accident that affects more than one guest could quickly use up that coverage and leave you with a big bill. The increased coverage limit ensures everyone can receive medical treatment, and it reduces your out-of-pocket expenses if you’re sued.
Buy an Umbrella Policy
An umbrella policy is another insurance product to consider. It adds additional coverage that could be very beneficial as you entertain guests this holiday season. It’s an inexpensive way to cover additional expenses (not covered by your home owners).
Because you plan to host holiday guests this year, do more than stock the pantry. Update your homeowner’s insurance policy. It gives you peace of mind and prepares you for anything that might happen. Get in touch with us if you have questions.
If pets are part of your family, you schedule regular veterinary visits to ensure the health of your furry friends. Consider additional protective steps you can take during Pet Insurance Month, observed in September.
What is Pet Insurance?
Similar to health insurance for humans, pet insurance helps you pay for the expected and unexpected health care your pet needs. You may choose from a variety of policies.
- Accident – Pay for the treatment of unexpected accidents or injuries like animal bites or poisoning but not illnesses or diseases.
- Accident and Illness – Treat broken bones, ear infections, diabetes, and other accidents, sicknesses, diseases, and pet health changes.
- Routine, Preventative Care or Wellness – Cover annual exams, vaccinations, flea control, and teeth cleaning.
You may also purchase endorsements or riders. They cover specific issues that aren’t included in your regular policy.
Your policy will include limits, too. Choose the annual, lifetime, per condition, or unlimited lifetime limit as you prepare to provide your pet with the best possible care.
Keep in mind that pet insurance includes exclusions based on your pet’s age, breed and hereditary conditions. Your policy could also be denied because of a pre-existing condition, such as a diagnosed illness or disease.
Review your policy carefully to ensure it meets your needs. For example, ensure the policy covers cancer treatment before you schedule the procedure so you’re not surprised by a denied claim after your next vet visit.
How do you use Pet Insurance?
Pet insurance allows you to see the veterinarian of your choice. You’ll pay the veterinarian out-of-pocket and then submit a claim to your pet insurance company. After you pay your deductible and any co-payment, you’ll receive reimbursement as per your policy terms.
How much does Pet Insurance Cost?
Your pet’s age and breed affect your pet insurance costs. Other factors include your location, the type of policy you purchase, the deductible, benefit limit, and reimbursement percentage. Discuss your needs and budget with your insurance agent as you purchase the right coverage for your pet.
Why Would you Purchase Pet Insurance?
Ultrasounds, blood work, dermatology treatment, and other medical and surgical procedures can cost thousands of dollars. With insurance, you can afford the treatment your pet needs. It also allows you to seek medical treatment as soon as possible rather than put off diagnostic or treatment visits. You can and insurance to choose treatment rather than euthanasia for your beloved pet, too.
During Pet Insurance Month, learn how to enhance your pet’s quality of life and give your furry friend the medical treatment it needs and deserves. This valuable product protects your pet and could save its life.
Your life insurance policy provides financially for your family, but you obviously want to live as long as possible. Pet ownership can help you achieve that goal.
Improve Heart Health
Your blood pressure and cholesterol could drop when you own a pet. Care for a cat, and your heart attack risk could drop by one-third. With these benefits, you improve your heart health and may prolong your life.
Obesity remains a top health concern because it can cause heart disease, diabetes and other health concerns. Your pet could help you maintain a healthy weight as you walk it, spend time cleaning its cage and perform other pet-related tasks each day.
Because your pet likes to exercise, you will move, too. Whether you walk your dog outdoors, play ball with your cat or chase your goat around the barn, the movement helps you reach your daily exercise goals and stay active. Plus, exercise boosts your immunity, decreases anxiety and improves your overall mood.
Erase the effects of a bad day when you spend time with your pet. A friendly greeting and social interaction can decrease your cortisol level and calm your nervous system.
Your body can fight off germs and illness thanks to your pet. As you laugh with your pet and groom it, your immunity gets a boost, and your body produces antibodies that fight germs.
Trained dogs can detect epilepsy, certain cancers and other illnesses in their owners. You can rely on your pet to provide an alert that allows you to seek medical help right away and address ongoing health problems.
Receive Disability Support
If you suffer from a disability, a pet can offer life-saving support. Use your seeing eye dog or another pet to improve your mobility and mental health.
Gain a Purpose
Feeding, walking and caring for your pet gets you out of bed each day. With a purpose, you’re more likely to avoid depression and choose to stay active and engaged in your life.
Cope With Trauma
If you face a serious illness or other trauma, turn to your pet for support. Your furry friend will listen to you, love you unconditionally and remain loyal throughout the ordeal.
Alternatives to Pet Ownership
Pet ownership improves your health. However, you may not want the financial or time obligations that accompany pet ownership. In this case, volunteer at an animal shelter, pet sit for friends or walk dogs after work.
Pet ownership can help you live longer. Whether you adopt a dog, cat, fish or snake, consider adding a pet to your home as you improve your health and quality of life.