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What is pet insurance?

Pet insurance is medical insurance for cats, dogs, and some exotic pets. It reimburses veterinary expenses after you pay a deductible, similar to how human health insurance works (except you pay the vet bill upfront and submit a claim for reimbursement). Policies vary widely in what they cover: most include accidents and illnesses, some add wellness care and dental, and a few cover behavioral therapy and prescription food. The coverage gives you the option to pursue expensive treatments (surgery, cancer care, emergency intervention) without making a financial decision at the worst moment.

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