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New Mexico Pet Insurance FAQs
What Pet Insurance Is Most Widely Accepted In New Mexico?
Most respectable and well-known pet insurance companies have a local presence in New Mexico. Pet insurance companies work on a reimbursement system and do not directly coordinate with your veterinarian. Instead, they wait for you to make a claim. For the most part, any pet insurance company will cover anyone in the country. However, it is possible that some insurance companies may pay the veterinarian as soon as they receive the claim, while others will not reimburse the customer until they have fulfilled extra requirements or paid the cost in full.
What Is Usually Not Covered By Pet Insurance In New Mexico?
One of the main conditions your pet insurance will not cover is pre-existing conditions before the effective date. Anything noted in your pet’s medical record before you purchase pet insurance will likely be considered a pre-existing condition and excluded from coverage.
All vet treatments and procedures to keep your pet healthy but not all fall under the scope of your policy. You are responsible for preventive care, including spaying or neutering, annual checkups, immunizations, flea or tick treatment, heartworm medicine, teeth or ear cleaning, and microchipping. However, many plans offer wellness coverage at an extra fee.
Most veterinarians charge a set price for consultations and exams. This charge is frequently on top of diagnostic tests and treatments. Plans with payout limits (such as $5,000 annually) cover this charge. Plans without payout limits will not cover this cost. Also, if you go over your annual limit, you are responsible for all other bills for the year.
Do Pet Insurance Premiums Go Up With Age In New Mexico?
The monthly costs are lowest for puppies and kittens as they do not require as much medical attention. When your pet ages to middle age, though, their rates will increase to adjust for the need for additional care. The rates will double again at 12 years because older dogs are more expensive to maintain and cost insurance companies more money.
Can I Get Pet Insurance After Diagnosis In New Mexico?
Pre-existing conditions are generally not covered by most pet insurance policies, but there are exceptions. It all comes down to what the insurance company considers to be pre-existing conditions. Curable conditions are any medical conditions or illnesses for which your pet has been treated and cured. Most insurance companies consider a condition cured after 180 symptom-free days, though some require a full year. Curable conditions include ear infections, urinary tract infections, upper respiratory illness, and vomiting or diarrhea.
Additionally, Symptoms can be considered pre-existing conditions even in the absence of a diagnosis if they are documented before a pet is covered. It also matters whether the symptom is curable or incurable. For instance, if your pet licks their feet excessively but has not received a formal allergy diagnosis, any claims relating to this are probably not going to be covered, as skin allergies are not curable.
Do not let your pet’s pre-existing condition prevent you from purchasing pet insurance. Even if the pre-existing condition is not covered, your pet insurance policy will cover other things, such as accidents or new illnesses. In addition, depending on the type of policy you purchase, the policy should cover any future unrelated conditions that are diagnosed. In short, regardless of your pet’s medical history, pet insurance can be a wise investment, especially as pets age and become more prone to serious illnesses like heart disease, kidney disease, or even cancer.
Does Pet Insurance Cost More For Certain Breeds In New Mexico?
It is true that some dog and cat breeds require more maintenance than others. First and foremost, insurance for a cat will normally be more expensive than insurance for a dog. Compared to dogs, cats often visit the doctor less frequently and are less likely to get hurt.
On average, the least expensive breed of dog would be a mixed breed weighing between 35 and 40 pounds. Furthermore, some purebreds are more susceptible to hereditary conditions that can be passed down through the generations. Because it has been discovered that some breeds require more maintenance than others, the majority of companies base premium prices on breed.
Is Pet Insurance Mandatory In New Mexico?
No, pet owners in New Mexico are not required to purchase pet insurance. While there are similarities to human insurance, pet insurance helps you, the owner, to afford the rising costs of vet care. However, you may require liability insurance, which is a completely different service for specific breeds.
Can Pet Insurance Be Dropped In New Mexico?
Pet insurance companies can drop an older dog, unfortunately. However, not all companies will do so, and some companies also provide lifelong insurance to prevent pets from being abandoned at a certain age or due to illness. Your pet will continue to be insured as long as you continue to make the required payments. When your pet reaches a certain age, some policies may provide less coverage. Although each insurance company has its own cancellation policies, you have the option to cancel your coverage at any time.
Does Pet Insurance Start Immediately In New Mexico?
Pet insurance policies do not begin immediately and do not go into effect for about two weeks on average. Companies implement waiting periods to discourage pet owners from delaying the purchase of coverage for their animals until it is too late. However, in the absence of a waiting period, pet owners may be tempted to postpone purchasing insurance for their animal companion until after an accident or illness has occurred. Insurance is designed to protect you in the event that something unexpected happens; however, it does not cover issues that have already manifested.
What Is The Best Deal On Pet Insurance In New Mexico?
Many factors affect the policy a company will offer for your pet, starting with breed, age, health, location, and other factors. However, Lemonade offers the lowest rates while still maintaining incredible reimbursement rates. Figo also offers fantastic deals on insurance for pets.
Can You Claim Animal Expenses On New Mexico Taxes?
Your family dog will not save you any money on your taxes. Although, if you have a working, performance, or service dog, you may qualify for tax breaks. If you donate to animal charities, those can count as deductions on your taxes. In addition, you can deduct the costs of food, supplies, transportation, and veterinary care if you foster an animal from a recognized charity.
Do Pet Insurance Premiums Go Up After A Claim In New Mexico?
Yes, your insurance company may believe that if you have filed one claim, you are more likely to file another, causing your premiums to rise. The same is true if you have had to file a claim as a result of an accident or the death of a pet. It is also important to remember that an insurance company will consider your pet’s medical history when evaluating a new insurance application which may increase the cost.
How Does Pet Insurance Work In New Mexico?
Like any other insurance kind, the coverage is subject to waiting periods and other restrictions. Businesses require a medical exam and a waiting time before giving coverage. The veterinarian bill must also be fully paid before filing a claim. If your insurance claim is legitimate, the business will then transfer the money to you or mail you a check.
The annual deductible refers to the amount you must pay before the company pays out. Your annual limit is the most your insurance company will pay before you must cover the remainder. Also, you will pay a monthly premium and any care costs not covered under your policy.
Is Pet Insurance Regulated In New Mexico?
New Mexico does not currently regulate pet insurance. However, nationally, NAIC is working to improve health insurance for pets and regulate the system to prevent a myriad of issues that can arise over time along with inconsistencies.
Which Pet Insurance Company Does iHeartDogs.com Recommend?
Our recommendation depends very much on your individual situation. You can compare quotes for your dog’s age and your location here. We can report that Trupanion, HealthyPaws, and Pets Best are very popular with iHeartDogs supporters.
What do iHeartDogs Readers Think About Pet Insurance?