The FDAC, the Federal Deposit Insurance Corporation, recently launched a new insurance policy for pet owners.
It is called Encompass Insurance.
It allows owners to buy coverage for their pets in the event of a catastrophic event.
The policy provides coverage for up to $1 million for a pet, but owners can choose to purchase coverage for $2,000, $3,000 or $4,000 for their animals.
The FDCIC is offering the new policy through its online portal, so you can buy it now at a discount.
But it isn’t free.
You’ll have to pay $50 for a one-year policy, but you can extend that coverage for another year for an additional $2.
The premium is set to go up by $100 annually for pets under four years old.
For the full-price policy, you’ll pay $1,000.
Encompasses Pet Insurance policy details The FDCAC website shows that owners can get a single-family home for $500,000 (plus a $100 per month premium) and a three-bedroom apartment for $1.25 million (plus an additional per-month premium of $100).
The $1 billion home is also for a two-person family, with the family having a minimum of two pets.
The $2 million apartment is for a single family.
The home and apartment cost $4 million, and the home and condo cost $3 million.
Encomaps Pet Insurance is available to the public starting today.
To sign up, you need to register for an account on the FDC, which is currently in the process of creating a new one.
You will need to go through a security-screening process to verify your identity before you can purchase the policy.
The site also offers a FAQ for the policy, and you can ask questions to the FCDIC via their public Twitter account, @FDCIC.
Encompasses pets insurance policy details:How much does it cost?
What are the benefits of Encompas Pet Insurance?
Is Encompaps Pet insurance covered for pets with Down syndrome, Alzheimer’s disease, and other serious health conditions?
Does Encompask offer additional coverage for animals with severe disabilities, as it did for dogs?
Encompass pet insurance details:Does Encomask offer pet insurance for pets on their own?
How does Encomasses Pet insurance compare to other pet insurance policies?
Does this policy cover the full cost of a pet’s medical treatment?
Can I keep my pet on my policy for the entire policy period?
Is there a deductible?
Does Encomasks Pet insurance cover the costs of vaccinations and other pet care?
Does the FDIC offer other pet health insurance?
Does anyone with a pet insurance policy qualify for Encomas Pet insurance?