Petplan offers the so-called Cover for Life plans for dogs and cats, which serve as an unlimited source of emergency funds. Petplan is the oldest and largest pet health insurance group in Canada. Operating since 1989 with at least $53 million claims paid. Petplan is the number one company in the Canadian pet health insurance sector boasting of new plans and coverage. In case due to unfortunate circumstances the victim died because of the injuries caused by your pet then with liability insurance the compensation can be paid without you worrying about the impact to your finances. These incidents can sometimes cost a huge amount for settlement that without liability insurance most of your assets will be drained out. A pet s life is easier and enjoyable if insured under Petplan. Rates start at $11.95 monthly for dogs and $9.95 for cats. Petplan understands the demands of every pet owner in Canada given its maturity and experience in the business. The company continually interacts with its industry affiliates, veterinary professionals and most importantly pet owners. The length heightens chances that customers are paying more for less. While the offerings of budget insurers are affordable, these only provide extremely limited coverage and not likely the expenses in treating a pet that develops an ongoing condition that might requires years of continuous medical attention. Many pet health insurance companies provide different policies that emphasize on the pet s age and type. Animals categorized as high risk are those over the age of 8 so it is better to purchase to pet insurance while the animal is still young. Getting pet insurance this early on increases chances that your pet will be insured and properly taken care off for the rest of its life. It now has become a requirement for the pets to also receive the right stimulation, exercise, activity levels, environment, health care and nutrition. Those that want to become true pets owners should realize that the hobby will not be cheap and require a huge amount of time to be good at. Veterinary bills eat up a major part of a pet owner s budget and will be added up with unexpected costs such as renting boarding kennels or hiring pet sitters.