Pet insurance is a healthcare policy for your pet that reimburses you for certain medical expenses. This protects you against the risk of paying high medical care fees—or worse, having to put your pet down because you can’t afford a surgery. If a surprise accident or illness does hit, having an insurance plan can be a lifesaver. However, not all illnesses are covered by pet health insurance plans, so you should read the fine print on your plan before you buy.
Pet health insurance sales are jumping like a spooked cat in a viral video.
Last year, U.S. pet owners spent more than $1 billion on insurance — up 23 percent — and more than 1.8 million cats and dogs are now covered — up more than 17 percent — according to the North American Pet Health Insurance Association.
Demand is driven by an irresistible promise from insurers: affordable, lifetime health care for your beloved Woof or Kitty.
But a two-month Consumers’ Checkbook investigation found that most accident and illness plans end up being neither affordable nor lifelong.
If you have Medical insurance then you should understand that it isn’t designed to cover normal day to day existence, its there for the bit things that go wrong.
You dog gets cancer, or your cat gets hit by a car. Do you just put it down? Or do you face the very expensive bill to fix it up? Insurance removes this gut wrenching choice and yes -
I hoe you never have to claim and it was just an expensive precaution….because if you do need it you will thank God, Allah, the Universe or whoever you pray to that you had it.
In Europe around 25% of pet owners carry insurance for their loved ones. In the USA its closer to 2%. Do American really care that much less about their animals?
Costs can outweigh benefits
The hidden cost of premiums is alarming, but it could be justifiable if you get proportionately high benefits in return. So, Checkbook conducted an in-depth cost/benefit analysis.
Checkbook’s undercover shoppers gathered premium quotes and worked with the Purdue University College of Veterinary Medicine to develop a reasonable basket of vet services for two model pets: Woof, a medium-size, male mixed-breed dog, and Kitty, a male mixed-breed cat, from age 2 months through 12 years. Researchers then applied the fine-print rules of nine accident and illness insurance plans with similar key options and terms.
Looking at the insurers that received fewer than 100 reviews that deserve a mention, Pet First Pet Insurance scored a 9.5 from 50 reviews; and Figo Pet Insurance an 8.46 from 54 reviews and AKC Pet Insurance a 9.72 from 95 reviews. All great overall performances.
The Best Pet Insurance Claims Process Ratings 2019
We took a close look at how customers rated the top 7 insurer’s customer service and there were some differences to overall rating scores. Healthy Paws Pet Insurance was ranked number 1 for customer service with ASPCA Pet Insurance a close second again. Nationwide Pet Insurance ranked 3rd and Embrace Pet Insurance ranked 4th for quality of customer service.
So, if you’re looking for great customer service take a look at how the scores have changed!
BEST PETS INSURANCE COMPANIES IN USA
Figo Pet Insurance [-Best Pet Insurance-]
Healthy Paws [-Runner-Up: Good for Cats and Small Dogs-]
Nationwide [-Runner-Up: Good for Other Pet Species-]
ALSO READ HEATH INSURANCES IN USA
When it comes to protecting your furry friends, finding the right pet insurance is crucial. Lemonade Pet Insurance offers affordable and comprehensive coverage that helps cover unexpected vet bills, accidents, and illnesses. With a user-friendly app, Lemonade makes it easy to manage your policy, file claims, and get reimbursed quickly. Whether you have a young, healthy pet or an older one that requires more frequent vet visits, Lemonade’s flexible plans provide the coverage you need. If you're curious about how Lemonade stands out from the competition and whether it’s the right choice for your pet, check out this in-depth guide: Lemonade Pet Insurance
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