pet insurance
‘Pet Insurance’ is like real life insurance
can be diagnosed at a veterinary hospital.
Insurance that covers medical expenses related to illness and injury.
In the case of companion dogs, in preparation for dog bite accidents
Liability insurance exists.
However, there are many different types of pet insurance.
So, to make a wise choice
It is important to compare several pet insurance policies before signing up.
Compare Pet Insurance
One . Meritz Fire & Marine Insurance’s Pet Permint Insurance
Limit: Basic type (70%), Premium type (80%): 5 million won / Substantial type (50%): 3.5 million won
During the insurance period, a disease or injury to a companion animal (listed in the insurance policy) occurs, and for the direct purpose of treatment (to a domestic veterinary hospital) and treatment (to a veterinarian), the insured deducts the co-payment from the treatment cost paid by the insured. Afterwards, the amount multiplied by the compensation rate (50%/70%/80%) written on the insurance policy is compensated within the limit below.
① If surgery is not performed during an outpatient visit: up to 150,000 won per day (50% guaranteed type: 100,000 won per day)
② In case of surgery while outpatient: 2 million won per day (50% guarantee type: 1.5 million won per day)
③ Self-pay and annual total compensation limit: 10,000 won per day / 5 million won limit (3.5 million won for 50% guarantee type)
※ Illness that occurred within 30 days from the date of commencement of insurance or the date of resurrection (date of recovery of effect), knee joint dislocation, dislocation of the hip, knee joint that occurred within 1 year from the date of commencement of insurance or date of resurrection (date of recovery of effect), including that day Does not cover hypoplasia, hypoplasia of the hip or other similar diseases or injuries
2. Hipet pet insurance of Hyundai Marine & Fire Insurance
– Comprehensive treatment expenses, surgery expenses, medicine expenses, hospitalization expenses, injection expenses, night medical expenses, and emergency room expenses are covered within the limit of the amount covered
– Compensation benefits available at all hospitals nationwide
– Guaranteed 80% 70% 50% of the actual cost of payment up to KRW 1 million per accident within KRW 10 million per year
Knee, hip disease
Compensation rate: 80%, KRW 150,000 per day (KRW 2 million for surgery) / Deductible: KRW 30,000 per day]
– 150,000 won guaranteed for funeral expenses in case of dog death
Pet compensation liability (renewal type) security
Injury to the body of others due to accidental accidents caused by the dog’s behavior
In the event of damage to a companion animal owned by another person and liable for legal compensation
Actual damage compensation up to 10 million won (deductible: 30,000 won) 5-year renewal type up to age 20
3. I Love Pet Insurance of DB Insurance
– Coverage for dog injury and disease medical expenses: You can choose between 80% premium, 70% general, and 50% medical expense compensation
– Choose from 10,000 won, 20,000 won, or 30,000 won for self-pay
– Selectable medical expense compensation ratio and self-pay
– Medical expenses for knee and hip dislocations, which are representative diseases of dogs, for more than 1 year, skin diseases, and oral diseases for 30 days
9 million won each, 300,000 won for funeral support, 5 million won for liability
– Insurance premiums remain unchanged for 3 years after subscription, and may be increased once every 3 years, which is the renewal time.
– Medical Expenses: Covered up to age 20
– Funeral support: guaranteed until age 15
– Guaranteed dog owner guarantee: up to 20 years old based on the age of the companion animal
Pet insurance comparison results,
pet insurance
On average, insurance premiums range from 400,000 won to 500,000 to 600,000 won per year.
This varies slightly depending on the size and breed.
The subscription age is also different for each product.
Although the age limit is being relaxed due to the promotion of pet insurance by the current government,
Usually new registration is limited to 8 years old,
If you sign up before age 8, you can renew until age 20.
Today, we learned about the types of pet insurance from various insurance companies.
As there are various types of pet insurance, it is very important to choose the insurance that is right for you. If you are unfamiliar with pet insurance or want to talk more, or if you would like to talk about pet insurance and companion animal insurance, please feel free to contact us for consultation☺️
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[Source] [Doggy pet insurance] Comparative analysis of pet insurance | Author Cupid