What is Pet Insurance?
We all want to provide the best care to our pets but in certain unexpected situations the costs of diagnostics and treatment can rise rapidly, often reaching several hundred or even thousands of dollars. Pet insurance provides peace of mind by providing monetary reimbursement for your pet's medical expenses. For many families, the security of knowing their pet is insured takes some of the stress out of critical care situations, because you know your pet can receive the diagnostics and treatment they need without breaking the bank.
How does it work?
Unlike human insurance, all pet insurance is reimbursement based. This means you must pay your veterinarian up front and then apply for reimbursement with your insurance company. Your veterinarian has little to no involvement in the insurance process. Once you submit your invoices and a claim for reimbursement, you can usually expect your claim to be processed within a few weeks.
How much does it cost?
The cost of insurance depends on how comprehensive your plan is. Plans range from emergency coverage only, through much more comprehensive plans that include major medical and wellness reimbursement.
Basic emergency coverage typically starts around $10-15/month, whereas more comprehensive plans can reach upwards of $25-$45/month. Your exact rate will depend on many factors including your pet's age, breed and pre-existing medical conditions as well as your choice of deductible and reimbursement amount.
What company should I choose?
There are many companies out there but NorthPaws most frequently recommends VPI or PetPlan. Each of these offers an informative and easy to navigate website with instant quotes so you can easily customize and compare insurance plans.
VPI was one of the first pet insurance providers available. Developed by veterinarians in 1980, VPI has an outstanding reputation and very customizable plans to fit everyone's unique needs. In addition, they are the only pet insurance company that currently insures exotics as well as dogs and cats.
PetPlan has been ranked #1 in customer satisfaction by PetInsuranceReview.com since 2008 and has been in the pet insurance business for over 35 years. Offering everything from emergency insurance to complete medical coverage, PetPlan is a trusted source of canine and feline insurance with one of the easiest claims filing processes available.