Having pet health insurance can greatly cut down your vet bills, including big expenses like emergency surgery or chemotherapy. Some policies even cover preventive care. One of the biggest benefits is that it can prevent you from having to make the tough decision to put down a pet because you can’t afford their care. If you’re not sure if pet health insurance is right for you, take some time to weigh the pros and cons and understand the different types of policies offered by top pet insurance companies.
Here are some of the best pet insurance companies out there, each with their own unique strengths:
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Fetch by The Dodo: This company offers accident-only and accident and illness plans. Their coverage is extensive and includes specialized diagnostics, brand-name prescription medications, post-illness and -injury rehabilitation, and cancer treatments. They also cover alternative therapies, periodontal disease, and behavioral therapies, which aren’t commonly covered elsewhere. They have a dedicated claims app for easy processing and offer the option for unlimited coverage.
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Lemonade Pet Health Insurance: Known for their tech-savvy approach, Lemonade offers a 10% discount if you bundle your pet insurance with a property insurance policy. They’re already quite affordable, with premiums starting at $10. They also offer an optional wellness package that covers a wellness exam, a heartworm test, a panel of fecal tests, blood work, and up to 3 vaccines every year.
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Embrace Pet Insurance: Embrace offers a comprehensive accident and illness policy that covers a wide range of treatments and services, including cancer treatments, behavioral therapies, alternative therapies, treatments for congenital and hereditary conditions, specialist care, and prescription drugs. They also offer an optional wellness rewards feature for routine care costs.
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Healthy Paws: This company offers a simple plan with no annual coverage limits, making it a great choice for pet owners who expect to seek lots of care for their pets. They cover most conditions other than preventive and routine care.
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Pumpkin Pet Insurance: Pumpkin doesn’t have an age limit for coverage and has a short waiting period, making it a great choice for older pets. They also offer an optional preventive care add-on that covers the cost of routine veterinary care.
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MetLife Pet Insurance: With MetLife, you can insure multiple pets under one policy. This is a great option if you have more than one pet at home.
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Figo Pet Insurance: Figo offers three plans, all covering emergency services, hereditary and chronic conditions, diagnostics, hospitalization, and cancer. They stand out for their potential for full reimbursement of covered costs and no annual coverage limit.
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ASPCA Pet Insurance: Endorsed by the American Society for the Prevention of Cruelty to Animals, ASPCA plans offer the option to choose a very low deductible without significantly increasing your premium.
When choosing a pet insurance company, consider factors like policy premiums, covered conditions, covered treatments and add-ons, reimbursement percentages and limits, deductibles, available discounts, waiting period, age limits, and the claims process. Also, consider alternatives to pet health insurance, like veterinary discount plans or concierge medicine models.
