Animal lovers have been buying pet health insurance policies -- which works almost like human medical insurance -- to help them defray the cost of the general and emergency veterinary services that may come up. Pet insurance companies offer various kinds of policies that have varying deductibles, conditions and restrictions. Pet owners discover that these insurance policies help them deal with not just emergency animal clinic visits that may involve surgeries, lab testing and prolonged care, however also cover the cost of regular checkups and pet health maintenance.