Best Pet Insurance Companies Reviews
- No caps on claim payouts
- Unlimited annual benefits
- 99% of claims processed in 2 days
- Submit claims via email, fax, online, or using the Healthy Paws’ mobile app
- Visit any licensed veterinarian
- No wellness plan or preventative care
- 15-day waiting period for accident and illness
- Charges a one-time $25 fee
- Limits deductibles and reimbursement options for pets over age 6
Healthy Paws plans start at $20 per month for dogs, with no limit to how many claims you can make, making it the best value compared to the competition.
Healthy Paws offers one comprehensive pet insurance plan covering:
- hospital stays
- and emergencies
You can visit any licensed 24-hour emergency animal hospital and see specialists such as ophthalmologists, radiologists, cardiologists, oncologists for cancer care, and internal medicine experts without a referral. Healthy Paws covers pets aged six and older with a full accident and illness policy with unlimited lifetime coverage. Potential customers should be aware that pets must be at least 8 weeks old and under age 14 at the time of enrollment.
Preventative care such as vaccinations, flea control, heartworm medication, deworming, nail trimming, and grooming are not covered. Neither are parasite control, spaying, and neutering, or dental healthcare.
Healthy Paws Foundations Every Quote Gives Hope Program donates a homeless pets medical care with every free pet insurance quote.
All of FIGOs plans cover the same expenses:
Best For Emergencies: Embrace
- Coverage: Accident-only, accident, and illness;
- Starting Price: Varies
Embrace offers pet insurance for cats and dogs with transparent pricing and customizable policies that include prescriptions and homeopathic and dental treatments, giving you a wider range of covered treatment options.
Discounts up to 25% available
Wellness coverage is available
No unlimited or zero-deductible options
Wellness plan caps at $650
Senior pets limited to accident-only coverage
After receiving capital funding by winning the 2003 Wharton Business Plan Competition, Embrace Pet Insurance sold its first pet insurance policy in 2006. The company offers policies that cover more treatments than most other providers, including prescriptions and homeopathic and dental treatments, so you have more options to treat your pet in emergencies.
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How Pet Insurance Costs Are Determined
In addition to the coverage choices you make, your type of pet will determine the price of pet insurance. For example, cats are generally cheaper to insure than dogs, and birds, ferrets, rabbits and reptiles are cheaper to insure than cats.
A pets breed plays a major role in determining pet insurance costs. Thats because certain breeds are predisposed to illnesses and hereditary problems, which often means more veterinary visits and higher medical expenses.
Dog breeds have the largest variations in pet insurance costs, as opposed to cats. The most expensive dog breeds for pet insurance include:
- Portuguese water dogs
- Shar peis
Older pets are more expensive to insure than younger pets. We found that the best prices were after a pets first birthday until around age six. As the pet gets older, your pet insurance premiums could increase when you renew your policy.
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How We Found The Best Pet Insurance Companies
To thoroughly assess the top pet insurance companies and find the best, we researched several policy aspects that make these providers stand out and spoke to experienced veterinary doctors.
We evaluated each policy by looking at:
- Pet insurance costs, including average rates
- Coverage options
- Claims processes for all the featured companies
- Flexibility with premiums and deductibles
- Any potential limits on payments to policyholders.
- Available channels to contact customer service agents
Finally, we sought out pet insurers that offered multiple ways to contact customer service agents.
What To Watch For
First, if your pet has preexisting conditions, your policy wont cover them. If your animal has abdominal pain, for example, some companies may try to limit coverage on any condition that lists abdominal pain as one of its symptoms. Before saying yes to a pet insurance policy, talk to the company and have it clarify how it decides what constitutes a preexisting condition. Something in your pets medical records that is harmless may become a big deal if you later file a claim. On a related note, you may have to get your pet checked out by a vet before getting coverage if it hasnt been seen by a vet in more than a year.
Next comes the waiting period. You cant take out pet insurance when you learn that your pet requires a costly procedure. Insurers know that trick. Thats why they instituted waiting periods, which vary by state but will generally be 24 to 48 hours for accidents, and from 14 days for an illness to one year on certain medical conditions, depending on the type.
Ask about maximum payouts. These might include maximums per incident, per year, or over the life of the policy. Generally, the highest-level policies have the highest payouts.;
Finally, most policies will increase your premium to account for rising costs and the condition and age of your pet. However, some companies do not. Ask about rate increases before signing the policy.
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How To Compare Plans And Sign Up For Pet Insurance
Comparing pet insurance the smart way will require extensive research into the coverage and pricing you need for your unique breed, location, and financial situation. You can create a special spreadsheet to manage all your research, filling out the quote form for each and every provider youre interested in. OR just use Pawlicy Advisors free comparison charts.
To compare and shop for pet insurance easily in a single location, use the Pawlicy Advisor comparison tool to enter a few details about your pet, such as their age and breed.
Pawlicy Advisor will instantly analyze hundreds of options for you across top providers simultaneously.
Youll receive a data-driven recommendation based on your pets breed risks, location, lifetime cost expectations, and more.
Below your top recommended plan, youll see a long list of additional quotes to browse through in a matter of seconds, and youll be able to choose the best plan for your pet based on monthly cost, reimbursement percentage, annual coverage rate, and more.
Theres several options to sort your results, too. You can sort quotes by best recommendation, lowest cost, best lifetime cost, and/or best coverage.
You can filter your results by annual deductible, reimbursement percentage, and rate of coverage. If you have a specific provider brand in mind, you can search for their plans exclusively.
Desjardins Pet Insurance Review
Join millions of Canadians who have already trusted Loans Canada
Millions of people have pets worldwide. Just in Canada, about 58% of households reported having at least one dog or cat as a pet in 2020. Thats no surprise, considering the fun, love, and affection pets offer. The COVID-19 pandemic brought even more attention to the special bond people have with their pets, as they support us with mental health and quality of life.
However, pets arent cheap. Like for a child, you need to spend money every week or so on food and other caring supplies. Additionally, most pets require a couple of vet visits per year. Routine check-ups cost around $100; however, if your pet becomes seriously ill and requires surgery, vet bills can become quite expensive. Tack on emergency pet visits after hours, and youre looking at a few thousand dollars coming out of your pocket.;
Luckily, theres pet insurance to support Canadians with the expensive vet bills, like Desjardins Pet Insurance.;
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Competition: Costco Vs Petplan
Costco claims to give pet owners significant savings on insurance. But when we compared pricing to competitor Petplan, premiums were almost 20% higher for identical coverage. Petplan also gives owners the opportunity to customize coverage to their exact preference, with a sliding scale of annual limits and deductibles to choose from. Between more competitive pricing and better options, wed have to go with Petplan in this case.
Costcos partnership with Pets Plus Us sounds like a great deal, but as with any type of insurance, you should always compare multiple quotes for your pet to make sure youre really getting a fair price. Since Pets Plus Us doesnt raise premiums as your pet ages, older pets may find a better deal here than with other insurers, while coverage for younger pets could be on the pricey side.
Coverage Details Comparison Chart
Want to know if pet insurance will cover what you need and which are better suited for your unique needs? The table below helps you see which company will best protect your pet and your wallet during the darkest times.
Please know that none of the pet insurance providers in our comparison cover pre-existing conditions, cremation and burial costs, pregnancy and breeding, or unnecessary cosmetic procedures. All of them cover the following items when deemed medically necessary: emergency care, surgery and hospitalization, specialized exams and specialty care, x-rays, blood tests, ultrasounds, cat scans, MRIs, rehabilitation, cancer, chronic conditions, euthanasia, hereditary conditions, congenital conditions, and non-routine dental treatment. However, there may be limitations to this coverage, so please check your policy.
*Maryland doesnt have this age limitation for hip dysplasia coverage.
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Types Of Coverage Offered By Desjardins Pet Insurance
Desjardins Pet Insurance offers various types of coverage for your pets.
Desjardin accident coverage covers veterinarian treatment fees for when your pet is injured. Eligible costs include:
- Veterinary diagnostics and treatment
Accident coverage offers protection for each accident, as long as you renew your policy each year.;
This covers the same costs as accident insurance, but only if the cause of the needed treatment was from a newly diagnosed illness. Additionally, this insurance offers coverage per condition.
Dental coverage can be used for both routine cleaning and costs to treat and diagnose gum or teeth conditions. Both the Silver and Gold Paw plans automatically include dental coverage.;
Preventive Care Coverage
This type of coverage is only offered through the Gold Paw plan. It covers the costs of annual exams and preventative medication.
;Do insurance companies check credit in Canada?
Additional Coverage Options;
Additional coverage options are offered as an optional add-on for the Silver package, and as an inclusion in the Gold package. There are three categories of additional coverage:
This coverage includes vet visits to diagnose and treat strange or abnormal behavioural issues in cats or dogs. It also covers treatment costs for a certified animal behavioural therapist, but only if youre referred to one by your veterinarian.;
How Does Pet Insurance Differ From Human Health Insurance
Health insurance is provided to people as a way to access medical services. It is regulated by the government and is usually covered by your employer, although it is possible to buy private health insurance if you’re self-employed. Health insurance covers most drugs that are prescribed for common illnesses such as the flu or diabetes.; Pet insurance is regulated by the government but is not offered as part of a benefits package from your employer.;Pet insurance is meant to cover most vet costs, although it is possible that you’ll have to pay for some services upfront and then wait for reimbursement later.
Health insurance is meant to cover expenses related to everyday illnesses and injuries or major illnesses that require surgical procedures and hospital stays.; Pet insurance is almost always meant to be an accident and illness coverage for emergency pet medical treatments.
Do you think pet insurance is worth it? Or is it not worth the investment for your monthly budget? Feel free to share your stories on our social media platforms!
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How Does A Pet Insurance Deductible Work
The deductible is the portion of the bill youre responsible for before you can start being reimbursed for veterinary costs. Most plans come with an annual deductible. For example, if your annual deductible is $1,000, youll need to pay for $1,000 in veterinary costs each year before you can start getting reimbursed for veterinary costs.
What Is The Underwriting Process
Policy underwriting is the process of evaluating your pets medical history and collecting general information such as breed, age, and size, to determine if your pet is applicable for insurance coverage. Most pet insurance providers do this health assessment at the time of the first claim, which is called post-claim underwriting. So, an upfront medical exam is not required when you first enrol for pet insurance, but an exam is performed when you make your first insurance claim for reimbursement. In contrast, some providers offer whats called upfront underwriting, where your pet is evaluated at the time of enrolment subject to a full medical exam. The benefit of this option is to identify upfront what conditions will be considered pre-existing and will not be covered by your policy, so you dont have any surprises later on. Lastly, some companies will offer both options upon request, meaning that you could choose to have the health assessment at the time of enrolment. However, the company may still request additional medical records at the time of your claim.;
Pet parents are encouraged to enrol in pet insurance when your pet is still young and healthy. Not only are premiums cheaper, but if you enrol before any medical conditions arise, those conditions should be covered by your plan. If you wait too long, such conditions could be considered pre-existing and you will have to pay out-of-pocket to treat your pet.
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Does Pet Insurance Cover Regular Veterinary Costs Like Vaccinations And Spaying Or Neutering
Most pet insurance plans do not cover annual checkups, wellness visits, vaccinations, or spaying or neutering unless you purchase a rider for your policy. Some insurance plans offer end-of-life care and beyond, covering things like urns for cremation. This will vary from company to company. Verify the benefits before purchasing a plan.;
When it comes to prescription drugs, most pet insurance plans cover at least some medication. This includes medication associated with a covered accident or illness. Most preventative medications, such as flea and tick treatment, are only covered if you have a wellness rider on your plan.;
How Pet Health Insurance Works
- Waiting periods Your insurance cover wont pay until youve completed a waiting period. Most companies require at least 14 days after enrollment before reimbursing you for a vet visit that your pet needs for an illness.
- Exclusions Pet insurance policies usually exclude specific conditions in the policys language. Be sure to read your policy before buying it, so youll know how your pet insurance works
- Network restrictions Pet insurance companies generally dont have networks. However, some insurers may limit certain coverage to specific vets. Some may not cover your pet while you travel in Canada or Puerto Rico. We recommend insurers with no restrictions to ensure youre covered anywhere in the United States.
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What Does Pet Insurance Not Cover
While pet insurance is considered to be the best way to save money if you have a pet, it is not without limitations.
It doesn’t cover all treatment costs. Some treatments may not be covered by your pet wellness plan at all.
It is also very important to check if there is a waiting period before your pet is eligible for any treatment.
Example: Let’s say you have a $700 annual premium plan and it is effective 6 months from now.;If you have emergency surgery to remove your dog’s front paw that is infected with cancer, the surgeon may ask for payment in advance. Since your coverage is not yet effective at this point, you may have to pay the full $700 for your dog’s surgery.
Pet insurance companies usually look for pre-existing conditions before approving treatment. This is to make sure that new conditions are not covered by the insurance provider.
Insurance companies also have their own lists of what is considered pre-existing conditions or chronic conditions. For example, if your dog is being treated for immune diseases, it may be deemed as an issue related to its breed and is thus excluded from coverage.
When Should I Get Pet Insurance
The right time to get pet insurance is BEFORE something bad happens.
Soon. Don’t delay, because “pre-existing conditions” are always excluded. Trying to save a premium or two by postponing getting your dog insured, can backfire like this:
You take Jake in for a routine checkup, and your vet says, “He seems healthy, but this lymph node doesn’t feel right. Let’s do this one test…”
Even if you say no to the test, buy pet insurance, and go back later for the test, Jake isn’t covered for anything the test reveals: such as lymphoma . And that makes sense, since his lymphoma started before you bought the policy. So you’ll be paying thousands yourself for his chemotherapy. And if Jake goes into remission, even for several years, you’ll be paying for round two of the chemo when the cancer returns. As a pre-existing condition, it will always be excluded.
No, the right time to buy pet insurance is right away, when Jake is perfectly healthy. It’s like buying fire insurance for a house. If you wait until you smell smoke, it’s too late!
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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