This video explains how pet insurance is a financial product designed to mitigate the costs associated with veterinary care, drawing parallels to human health insurance.

• Pet insurance helps offset the veterinary costs for pet illnesses and injuries.

• Policyholders pay a premium for coverage that typically reimburses 70-90% of veterinary expenses.

• Payments for veterinary services are made upfront by the pet owner and reimbursed by the insurer.

• Pet insurance policies have exclusions; it's important to thoroughly understand your policy's coverage limits and excluded conditions.