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. However, they normally forget to allocate a budget for common medical problems and illnesses linked wit the pet s breed. Accidents will also come into play during a life of pet and these include ear infections, arguing with other pets and swallowing objects not for consumption. Coping with Difficult Situations Many pets in Canada suffer from life-threatening diseases that are not treated properly and this due to the reluctance of owners to shoulder medical costs. Insurance firms also take into consideration the age and present health condition of the animal. Animals considered high risk are those over the age of 8 so it is advisable to buy insurance for pets, while they are still young. Getting pet insurance early on boosts chances that the animal will be insured and well take care off during its lifespan. Well, sometimes, but all those other times, think again! So who does that pooch think he is having two separate insurance plans? Well don't sweat it, I'm going to show you why dental insurance can be necessary for your pet and why you might want to consider getting an add-on to your existing plan if it already has it. This can add up quickly in any number of ways. The final point I'll make is that there may be occasions where you can't take your pet with you where you're going. Maybe you're taking a specific tour that doesn't allow animals, or planning on eating out at a fancy restaurant. If you need someone to watch over your pet this can be costly to find someone you trust. A pet owner s claim will be based on the plan s benefit schedule. The VPI Standard Plan Benefit and the VPI Superior Plan Schedule are based on the US average of how much vets charge for services. The policy will take care of 90% of the Benefit Schedule allowance for each incident under the plan during every policy period after eligible expenses are deducted.