Pet insurance is a growing business and the options can be very confusing. Though we don’t like to think about it, most of our pets will get sick or hurt at some point in their life. To help with making your decision, Veterinary Economics Magazine analyzed the main pet insurance companies and we have summarized some pertinent points below.

Some terms to know:

  1. Pre-existing conditions – an illness which first occurred prior to starting coverage. Start insurance as a puppy or kitten to prevent exclusions.
  2. Congenital conditions – conditions which have a genetic basis (e.g. hip dysplasia)
  3. Elective procedure – no medical basis for procedure (e.g. declaw)
  4. Wellness care – preventative medicine (e.g. vaccines)

Compare policy features, terms, and conditions to find the right pet insurance policy for you and your pet’s needs. Monthly premiums will vary depending on what reimbursement and deductible plan you choose and the age and breed of your pet. Contact the company directly with more questions.

 

Company

Year Started/No. Pet Covered

Not covered

 

Reimbursement

Deductible and annual/per incident

Uses Common Fee Schedule? (vs. actual bill)

Maximum payout per year/Lifetime limit

24PetWatch

1999

>210,000

Pre-existing, preventable, and elective conditions and procedures

80%

$100-1000

Per incident

No

$1,500-20,000

No

ASPCA

1997

>100,000

Pre-existing conditions, elective procedures, dental disease, breeding/pregnancy, pet food, grooming, and others

70-90%

$100-500

Annual

Yes

No

Yes

Embrace

2006

25,000

Pre-existing and behavioral conditions, grooming

65-90%

$100-1000

Annual

No

$5,000-15,000

$50,000

PetFirst

2004

>40,000

Pre-existing and preventable conditions, nonmedical treatment, wellness care

70-90%

$50-500

Per incident

Yes

$7,500-20,000

No

PetPartners

2003

?

Pre-existing, congenital, elective, and behavioral conditions. Neglect, breeding, grooming, food, supplements, holistic treatment

80-90%

$75-125

Annual or per incident

Yes

Up to $13,000

No

Petplan

2003

100,000

Pre-existing conditions, elective procedures, wellness care, grooming

80-100%

$50-200

Per incident

No

$10,000-22,000

No

Pets Best

2005

>125,000

Pre-existing, preventable, nonmedical expenses

70-100%

$0-1000

Annual

No

$20,000

$200,000

Trupanion

2007 in US (1998 in Canada)

?

Pre-existing, preventable, elective, wellness, grooming, exam fee

90%

$0-1000

Per incident

No

No

No

VPI

1982

485,000

Pre-existing, grooming, elective, congenital, behavioral, preventable

100%

$0-1000

Annual

No

$7,000-14,000

No

 

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