Top 7 pet insurance providers

Top 7 pet insurance providers

With veterinary costs rising, buying pet insurance seems to be a good idea. It protects pet owners from massive veterinary expenditures during unexpected accidents or illnesses. Apart from the basic coverage, the best pet insurance policies feature benefits like flexible deductibles and discounts. Several pet insurance providers in our country offer suitable plans. To make your buying decision easier, here’s a list of the top seven companies you can consider.

ASPCA Pet Health Insurance
The American Society for the Prevention of Cruelty to Animals (ASPCA) offers pet insurance plans with different choices for annual limits and deductibles. These plans provide accident and illness coverage and accident-only coverage for cats and dogs. ASPCA also covers hereditary and congenital diseases at the time of enrolment on a condition that these aren’t pre-diagnosed. You also have the option to add wellness coverage to cover preventive care, such as vaccinations, flea and tick preventives, and dental cleanings.

Healthy Paws
Healthy Paws provides coverage for accidents, illnesses, cancer, emergency care, genetic conditions, dental care, and alternative care. However, the plan doesn’t include pre-existing conditions, as with most pet insurance providers. Healthy Paws have only one plan with features that include quick claim processing, no caps on payouts, and reimbursement of up to 90% of your bill. There’s a 15-day waiting period and three deductible options: $100, $250, and $500. One drawback is that the company doesn’t cover wellness expenses and vet exams.

Spot
Spot stands among the top pet insurance providers in our country. The company offers the most customizable plans with full coverage options for pet owners. Pet parents can select from the multiple plans with varying choices of annual limits, annual deductibles, and reimbursement rates. And since there’s no upper age limit for insuring pets, it’s a good option for older pets. It also offers preventative care options at different coverage limits and price points. The best part? Deductibles start at just $100.

Figo
With a 100% reimbursement option, Figo stands out as one of the best pet insurance providers. Though there are no annual limits, the company has a lifetime maximum you can claim over the life span of your pet. Figo’s pet insurance plans cover emergency care, hospitalization, diagnostic testing, congenital and hereditary conditions, chronic conditions, and cancer treatment. With the plan, you also get access to Figo’s Pet Cloud app that allows you to chat with a licensed veterinarian 24/7.

Pets Best
Pets Best covers pets as young as seven weeks with no upper age limit. The company offers an accident and illness plan and an accident-only plan for pet owners. The plans have an annual deductible starting from $50 and going up to $1,000. Payout options start from $5,000, and there’s no upper limit. Multiple wellness plan options cover flea and tick prevention, vaccinations, and deworming expenses. Pets Best is also among the few insurers that provide coverage for mobility issues diagnosed by a veterinarian.

Trupanion
Trupanion has a single insurance plan with no payout limits. A unique benefit of the plan is that it offers direct payment of veterinarian expenses without the requirement of filing a claim. The coverage is comprehensive, and pet owners benefit from 90% reimbursement on all eligible claims. Trupanion also offers a lifetime pet condition deductible, which means you don’t have to pay an annual deductible like most pet insurance providers. You’ll pay a deductible only when your pet develops a new condition.

Embrace
Embrace has two insurance policies, one for accidents and illnesses and the other for accidents only. The latter is for dogs over 15 years. An exciting benefit of the Embrace pet insurance plan is that it offers a diminishing deductible: the company lowers your deductible each year you don’t file a claim. While there are no separate wellness plans, Embrace offers a Wellness Rewards plan covering preventive care expenses. The plans cover curable pre-existing conditions.

With pet insurance, pet owners don’t have to worry about the financial burden of caring for their pets. However, it’s advisable to compare different policies before selecting one to meet your needs.