Updated: Nov 5, 2020
We do the best to feed them the best foods, the best vitamins. But there comes a time we’re you’re pet might get sick. Surprisingly a lot of new pet owners aren’t aware that there is pet insurance options available to them and that most of the time can even save them money through the years because of the amazing coverage some of these Pet insurance providers have. The idea of knowing that your pet is covered gives you such an ease of mind, we all know how our pets love to get themselves into trouble. And having a regular schedule wellnes Checks for you’re pets can help you stay on top of any developing disease.
Benefits of Having Pet Insurance
Allows you to pick your veterinarian. Unlike human health insurance policies that may require you to use a specific health care provider, pet insurance policies allow you to obtain care from the veterinarian of your choosing. You simply provide the veterinary bill to the insurance company for reimbursement of qualified expenses.
Does not discriminate against any breed or age of pet. While it is advisable to obtain pet insurance as soon as you adopt your pet to obtain lower premiums, you can also insure your pet years later.
Delivers peace of mind. Having pet insurance allows you to choose treatments for your ailing or injured pet based on the best medical option available and not restricted based on family finances. Most pet insurance policies reimburse up to 80% of costs after deductibles.
Provides an easy way to budget pet care costs. Pet insurance policies can be paid monthly, quarterly, semi-annually or annually. You decide which payment plan works best for you. Most plans offer discounts for additional pets in the household.
Prevents dipping into the family’s emergency fund. True, you can set up a pet savings account, but it can be tough to discipline one’s self from dipping into this designated account when you face pricey car repairs, household renovations or other major unexpected expenses.
Truepanion Pet Insurance
The policies feature a lifectible, meaning you pay the deductible for a condition that won’t reset over the life of your pet. Trupanion is unique in that it will pay claims directly to your vet or animal hospital, so you don’t have to bother with filling out forms and you’ll never have to pay expensive bills up front. You can add one of two additional packages: Recovery and Complementary Care, for nonclinical procedures like acupuncture and physical therapy, and Pet Owner Assistance, which helps cover the cost of things outside veterinarian bills, like advertising, rewards for lost pets, and boarding fees in the event that you are hospitalized. According to Pet Insurance U, an online comparison service recommended by Woodley, Trupanion’s average starting monthly premium for dogs is $59 and $32 for cats.
Healthy Paws Insurance
Healthy Paws aims to make your pet-insurance experience as simple as possible and covers any treatment for a new injury or accident that isn’t part of a preexisting condition. That includes hereditary or congenital conditions. The company also offers unlimited benefits for the life of your pet, so if your cat gets cancer, Healthy Paws will never put a cap on coverage for cancer treatments. It offers a handful of deductible options, which can help when you’re budgeting for monthly premiums. Claims can be submitted via the Healthy Paws phone app or on its website, and, according to the company, 99 percent of claims are processed within two days of submission. It’s also the pet insurance of choice for Artforum editor-in-chief David Velasco. The average monthly premium for dogs is $33 and $17 for cats.
Petplan’s comprehensive insurance for dogs and cats covers all accidents and illnesses with no restrictions on hereditary or congenital conditions. And unlike many insurance providers, Petplan will cover dental injuries and periodontal disease. This is particularly beneficial for small dogs, who often need professional dental cleanings. If you’re looking to customize your policy, Petplan is the best option. The company lets you choose between an annual and a per-condition deductible and offers deductible amounts in $50 increments between $100 and $2,500. The average monthly premium for dogs is $29 and $18 for cats.
Lemonade Pet Insurance
Lemonade’s pet plans are based around a core accident and illness policy. Coverage includes the diagnostics, procedures, and medications needed to treat injuries or illnesses your pet sustains. One item not covered is exam fees; these can be added with the Extended Accident and Illness package, an optional policy extension that also pays for alternative treatments like acupuncture and chiropractor visits.
Lemonade also offers a Preventive and Wellness package that covers an annual checkup, three vaccines per year, and screening for common illnesses. The package includes access to a chat-based help line where you can ask questions and get expert advice about your pet’s health. Overall, we’re impressed with Lemonade’s low prices, particularly for higher coverage plans. For a dog between one and three years old, accident and illness coverage with a limit over $10,000 rarely costs less than $30 per month. Lemonade goes above and beyond by offering annual limits up to $100,000 in this price range. Coverage that would typically cost well over $100 per month with competitors is just pennies on the dollar with Lemonade. Bonus:🐾 If you already have a Lemonade homeowners insurance plan, you’ll save 10% on your pet policy. This is one of the rare bundling opportunities we’ve found among pet insurance carriers.