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What Does Pet Insurance Cover You For

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What Is Pet Health Insurance

Pet Insurance: What it costs, what it covers, and how to find the best

Pet health insurance is a policy that comes with a monthly premium. If your pet is sick or injured, you foot the bill upfront and submit a claim to the insurance agency for reimbursement. Depending on the policy, you may also need to pay a deductible and a percentage of the bill and policies typically exclude certain illnesses and preexisting conditions.

While the monthly premiums can add up to a few hundred dollars per year, the benefit of pet insurance is that cost will be less of a factor when deciding whether to go through with a major procedure. Illness and injury treatments can cost pet owners hundreds or thousands of dollars.

Without insurance, pet owners may be faced with a tough decision if they can’t afford a large vet bill.

But if you put $30 to $40 a month toward a pet health care plan, you can reduce your out-of-pocket costs considerably.

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History Of Pet Insurance

Pet insurance began in Sweden in 1890, but it didnt reach our shores until 1982, when the canine screen star Lassie received the first pet insurance policy in the U.S. Since that beginning, the popularity of the product has grown. According to NAPHIA, 2.81 million pets were insured across North America in 2019.

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How Can I Save Money On Veterinary Costs Without Pet Insurance

Pet owners who cant afford or choose not to purchase pet insurance can still save money on their pet medical costs. Some options to investigate include:

  • Contacting the Humane Society, ASPCA, or local clinics for low-cost vaccination events

  • Researching area veterinarians and animal hospitals to find the best price on services

  • Shopping around before filling your pets prescription or using a medication discount coupon

  • Using vet colleges, pop-up clinics, and animal welfare organizations to get lower-cost care whenever possible

What Is The Best Affordable Pet Insurance

How Much Pet Insurance Do I Need?

Accident-only and wellness plan policies are the most affordable pet insurance plans, mainly because they are less comprehensive. However, purchasing one of these policies will only cover specific aspects of your pets health, like fractures and cuts for accident-only, and routine labs for wellness-only plans. If you want a more comprehensive policy, you will have to pay more.

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Purchasing Policies That Dont Offer Full Coverage As A Standard Plan

There are tons of fraudulent insurance companies out there. Why we consider them fraudulent is because they deceive policyholders into purchasing policies that dont offer full coverage as standard.

They may claim to offer things like hereditary conditions or cancer in their pet insurance standard plan but when you read carefully through their terms and conditions, you will discover that you may need to buy additional coverage.

When comparing pet insurance quotes from different providers, ensure that the monthly premium includes full coverage for hereditary and other diseases as standard.

Accident Only Pet Insurance

Accident only pet insurance is the cheapest and most basic type of pet insurance. As the name suggests, it doesn’t cover illnesses – only injuries. Accident only policies provide a fixed sum of money for each accidental injury to help pay for your pets treatment, and will often also stop paying for the injury after twelve months.

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How Does Pet Insurance Work

Pet health insurance works a bit differently than traditional insurance. Whenever you visit your licensed veterinarian, if the medical expenses are covered by your pets insurance plan, the pet insurance provider will reimburse you for a percentage agreed via your insurance plan.

As with human health insurance, there is a deductible, typically between $200-$1,000, that you choose, and that you have to pay before the insurance kicks in.

How Does The Reimbursement Work

Is Pet Insurance worth it? | Everything you need to know

We offer two kinds of reimbursement so you can choose what works best for your budget.

Our Whole Pet plan reimburses a percentage of what you paid your veterinarian.* Our Major Medical plan and Pet Wellness plan reimburse according to a benefit schedule, which caps reimbursement at a set amount for each condition or service.

With all our plans, simply pay your veterinarian at the time of treatment, and then send us the invoice. We’ll send you a reimbursement check less any applicable deductible.**

* Items such as grooming, tax, waste disposal, boarding, wellness or pre-existing conditions are not eligible for coverage. See policy documents for a complete list of exclusions.** For eligible conditions.

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Investing In Your Pet’s Future

Even if your pet has a pre-existing condition, Pet Assure provides a practical way that you can still reduce the costs of any veterinary care that he may need. There’s no hassle, there are no exclusions, and the process is far easier than dealing with pet insurance companies. You’ll receive discounts from participating vets right at the time of service, so you’ll instantly save money.

No matter what pre-existing conditions your pet may have, Pet Assure makes veterinary care more affordable so you can ensure your pet always gets the care he needs and deserves.

Pet Assure Can Be Used For Any In

  • Wellness visits
    • Horses
    • And more

    Signing up for Pet Assure is easy, and no medical conditions or services are ever excluded. It’s that simple! No claims are denied, and you don’t have to worry about filling out any claim forms or paperwork. There are also no deductibles to hit you start receiving discounts immediately. Pet Assure is hassle-free, and you don’t have to double-check about which veterinary services are covered and which aren’t. Plus, since all services are discounted, there’s no worrying that filing a claim will eventually get your pet dropped from the plan, or that a claim will make your rates go up.

    With thousands of veterinarians participating in Pet Assure, this veterinary discount plan is a practical and affordable option for pet owners nationwide. It’s an easy and simple way to save money on your vet bills, and you can even use Pet Assure in conjunction with pet insurance for improved coverage. With Pet Assure, there are no surprises, no long reimbursement processes, and even if your pet needs lots of veterinary treatment, you don’t have to worry about him being dropped from the plan.

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    Best For Chronic Conditions: 24petwatch

    • Starting price: From $340 per year
    • Deductible: $100 to $1,000

    If your pet battles a chronic condition, 24PetWatchs $20,000 maximum annual limit will be more than sufficient to cover treatment. And, most pre-existing conditions are no longer excluded from coverage after 24 months without symptoms.

    • Pre-existing conditions reconsidered after 24 months symptom-free

    • Coverage includes trip cancellation and boarding

    • Visit any licensed veterinarian

    • Veterinary exam or medical records required

    • Age limits for dogs and cats

    • Plans difficult to understand

    24PetWatch offers four pet insurance policies for cats and dogs. The only difference between these policies is the annual limit available. Heres how much coverage is offered with each plan:

    • The Extra Plan: $3,000 in annual coverage
    • The Classic Plan: $5,000 in annual coverage
    • The Superior Plan: $10,000 in annual coverage
    • The Champion Plan: $20,000 in annual coverage

    Every plan from 24PetWatch covers accidents, illnesses, and related treatments, such as:

    • Exam fees
    • Medications
    • Alternative treatments

    Plus, 24PetWatch will pay for additional costs up to $500, without requiring a deductible or coinsurance. These extra coverages include:

    • Boarding kennel fees
    • Additional living expenses
    • Lost pet recovery costs
    • Deductibles: $100 to $1,000
    • Annual limits: $5,000 to $20,000
    • Copays: 20%
    • Waiting period: Two days for accidents, 14 days for illnesses
    • Network size: Unlimited
    • Swallowed objects
    • Sprains
    • Broken bones

    Pet Insurance Plan Exclusions

    What Does Pet Insurance Cover? Everything You Need to Know ...

    We’re all about helping protect your pet from unexpected accidents and illnesses and you from the financial burdens of their treatment.

    The Healthy Paws plan does not cover the following:

    • Pre-existing conditions
    • The examination fee
    • Pre-existing cruciate ligament injury has a bilateral exclusion. If the cruciate ligament on one leg is injured prior to enrollment or during the 15-day waiting period, then the cruciate ligament on the other leg is excluded from coverage. This is the only bilateral exclusion.
    • Preventative care
    • Preventive healthcare including vaccinations or titer test, flea control, heartworm medication, de-worming, nail trim, and grooming.
    • Parasite control including but not limited to internal and external parasites for which readily available prophylactic treatments are available.
    • Dental health care, however if injury to teeth is caused by an accident, the plan does cover the cost of extraction and/or reconstruction of damaged teeth.
    • Spaying and neutering.
    • Anal gland expression.

    The plan does not reimburse the costs, fees or expenses associated for elective procedures, boarding, behavioral modification, training, therapy or medications for behavioral modification. Please see for more information on exclusions.

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    How Youll Be Reimbursed

    Pet insurance typically offers one of two types of reimbursement:

    • Percentage of invoice: Your insurance plan will pay a percentage of your total vet bill. For example, if you have a plan that offers 60% reimbursement and you have a vet bill of $100, the insurance company will pay $60. These plans typically expect you to pay the full vet bill up front. Afterward, youll submit a claim to your insurance company to get reimbursed.

    • Benefit schedule: A benefit schedule allows you to pay a discounted rate up front instead of the full cost of service. For example, if your cat needs a procedure that normally costs $1,200 or more, your insurance plan might cap your out-of-pocket expense at $995. The vet charges you the discounted rate negotiated by your insurance company. Your vet will then bill the insurance company to pay the rest.

    Most of the time insurance companies only offer one type of reimbursement. Consider both of these options carefully and decide what payment system works best for you.

    People who cant afford to pay the entire vet bill and wait for a check to come later may be better off choosing a benefit schedule plan. Percentage of invoice plans may be more of a hassle, but their pricing structure tends to be easier to understand.

    We Want Pets To Have The Best Possible Care

    You wouldnt want to buy the cheapest medical insurance policy for your children, so why buy that for your pet who is as good as family?

    Our policy was developed by veterinarians and has been used to protect nearly half a million pets. It covers treatments and procedures related to thousands of conditions so you and your pet feel protected.

    No matter your pets breed, gender, or age, if they enroll in a Trupanion policy, they will receive our one simple plan that covers all unexpected injuries and illnesses. There are no tiers you can opt into, there are no gold, silver, or bronze plans, there is only our one simple plan that has what it takes to cover your pet when they need it most.

    Over 70% of our members enrolled with Trupanion because of a positive recommendation from their friend, family member, or veterinarian.

    “Its hard to think of Trupanion as a pet insurance company. They are smart, nimble, and humble. They learn from their mistakes and above all, act with honor and integrity. This is a company that has a soul.”– Johnathan James, CEO, Animal Care Centers of Castle Pines

    “Trupanion has restored my confidence that insurance companies andpractitioners can work together to improve the quality of care that we can provide. I will continue to recommend Trupanion to all my clients.”– Dr. Joseph Zuckerman, Ardsley Veterinary Associates, Ardsley, NY

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    Consider Whether You Need Pet Health Insurance

    • A pet health insurance policy reimburses the pet owner for specified veterinary care. As with your health insurance policy, these policies typically itemize covered treatments, deductibles and lifetime or per illness maximums. The cost of the policy may vary based on the amount and type of coverage as well as the breed or species. Estimate the health costs for your animals expected life and take into consideration how much you could afford for emergency treatment or a long illness.
    • A pet life insurance policy covers end-of-life costs for your animal. This can include burial or cremation expenses and even bereavement counseling for you and your family.
    • Pet injury coverage may be part of your auto insurance policy. It covers the treatment of a pet injured in a car accident up to a set limit. Check with your insurance agent or company to determine if your auto policy includes coverage for a pet traveling in your car.

    Why Most Pet Insurance Policies Dont Cover Spaying And Neutering

    Pet insurance: Hereâs what you need to know

    Pet insurers generally consider spaying and neutering elective procedures, which is why theyre not covered in most policies.

    Fortunately, many insurance companies have add-on preventative care and wellness plans. Some of them include coverage for these procedures. These add-on plans also typically cover things like vaccinations, flea and tick prevention, wellness exams, and similar services.

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    Learn Whats Covered By Your Pet Insurance Policy

        Pet insurance is like human health insurance in many ways. The main difference has to do with the restrictionsimposed on most pet health insurance policies. For example, pet insurance almost never covers preexisting conditions.

        Fortunately, despite these restrictions, pet insurance can be purchased that offers a wide array of coverage, from regular routine care to major surgery. Coverage is provided by three broad policy types.

        Pet Insurance Or Savings Account

        A common question that pet insurance companies get is whether a savings account or pet insurance is better. The answer is theyâre both great ideas and work well together. Hereâs why:

        • Pet insurance is dedicated solely to your pet. A savings account is used for every unexpected cost, so if your tires need replaced the same week that your dog starts limping, youâll be dipping into the savings account for several reasons.

        • Pet insurance is convenient. Saving money takes time and discipline. Unfortunately, your new puppy isnât going to wait until youâve set aside enough money for vet bills before swallowing a rock, so pet insurance has your back.

        • Most pet insurance plans are reimbursement-based. That means you pay the vet bill at the time of service and submit claims for reimbursement. Use the money from your savings account to pay the vet bill, then replenish the account with the claim reimbursement so youâll always be covered.

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        Potential Pet Insurance Discounts

        One of the easiest ways for an insurance company to stand out against its competition is to offer unique discounts. Every insurer is likely to have a variety of discounts specific to its company. For example:

        • Choosing pet insurance with the same company that provides your home or auto insurance could earn you a bundle discount on both policies. Many major insurance companies, such as Nationwide, Progressive, and GEICO, offer pet insurance.

        • Some pet insurance companies have other ways to save, like multipet discounts or discounts if your pet receives regular wellness care to prevent future health problems.

        Check with individual pet insurance companies to see which discounts they offer for customers.

        What Is Covered By Pet Insurance

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        In general, most pet insurance plans will cover unexpected injuries/accidents, unexpected illnesses, surgery, medication, tests/diagnostics, and emergency care and exam fees. However, the details will depend on the type of coverage and the provider you choose.

        Pet Insurance TypeWhat it doesnt cover
        Accident-Only-Physical accidents, including poisoning, foreign-body ingestion, cuts and lacerations, fractures, bloat, and surgery.-Preexisting conditions – May not cover poisoning in certain circumstances
        Accident & Illness-Mild to severe illnesses, including allergies, cancer, asthma, and digestive issues. -Hospitalization, treatment, surgery costs, and prescription medication. -Can cover alternative therapies -Routine veterinary care, including vaccinations, dental cleaning, among others. -May exclude pets over a certain age limit. -Can exclude certain prescription medications.
        Wellness-Exam fees, vaccinations, routine lab work, spay/neuter operations, among others.-Any pet-related illnesses or accidents

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        What Factors Determine The Cost Of Pet Insurance

        The size, breed, age, and geographic location of your pet all influence the cost of your insurance policy. The length of your policy and the company offering your plan also play a role. Finally, you get to determine what type of policy works best for you by selecting a quote that makes sense for your budget.

        What Most Plans Cover:


        Accident-only plans will only provide reimbursement for emergency care related to accidents, like if your pet is hurt by a car or injures themselves by falling down the stairs. This type of coverage does not cover illnesses or breed-specific issues

        Accident-illness plans provide coverage for both accidents and unexpected illnesses. It is the most common, as it represents about 98% of plans issued by the pet insurance industry. This type of plan wont cover preventive care or pre-existing conditions, but you can expect reimbursement for almost everything else.

        Finally, you can purchase an accident-illness plan with a wellness add-on. This is the most expensive type of plan on the market, but it provides the most comprehensive level of coverage. The only health issues that arent covered pre-existing conditions.

        When comparing providers you’ll want to look for the right blend of comprehsive coverage and lifetime value.

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