Review any age limits for coverage. Some insurers require the pet to be 8 weeks old, some don't cover pets over a certain age and some have no age limit.

If you have more than one pet, ask your insurer if they offer a multiple-pet discount.

Make sure you understand what you are buying. Some policies cover only accidents, most cover accidents & illness, and a few offer comprehensive coverage, including preventive care (checkups, vaccinations, neutering, etc.) along with accident and illness coverage.

Review the deductibles, co-pays and caps on coverage. For example, some insureres will pay 80% of the costs for treating your pet's illness, others will pay 100%. Make sure you select an insurer that provides the coverage you need.

Check to see if the insurer excludes any genetic or hereditary conditions for your pet.

Review any optional extra coverage that may be available. Some insurers cover items such as wellness, drug, dental, cancer treatment, etc. only if you pay extra.

Next: Tips for making a pet insurance claim