Getting your pet insured against illnesses, chronic conditions, and accidents provides financial protection and peace of mind. The insurance cover can be customizable as per your budget and also include the specific needs of a pet. The expenses can also include routine care, quality alternative therapies, unexpected costs due to emergencies, and other veterinary bills. Here are some of the pet insurance providers and policies worth considering.

Pet insurance providers to consider

Spot Pet Insurance

Coverage
One of the leading pet insurance companies, Spot Pet Insurance, covers both cats and dogs. The company provides two policy variants with distinct coverage options and an option for unlimited coverage; only accidents and both accidents and illnesses. You can receive partial reimbursement for vet visits and basic treatment, including wellness checks, vaccinations, and dental cleanings. The coverage may range from $2,500 to $10,000.

Cost
The cost of the insurance is typically deducted yearly. You may have to shell out $100 to $1,000, although the figures may change based on your coverage choices. Spot plans also give exam fees or diagnosis reimbursement under certain circumstances. You may have to fill up claim forms to receive reimbursement. Spot may also provide savings to customers who cover multiple pets.

Paw Protect

Coverage
Paw Protect offers coverage for accidents, veterinary fees, and illnesses, with an add-on option of wellness. Apart from this, Paw Protect provides policyholders with a unique form of coverage, offering a virtual line of credit of up to $5,000 for emergency pet healthcare expenses. This valuable credit gives pet owners the ability to pay upfront vet fees, without the need to wait for reimbursement. Moreover, the line of credit does not have any additional fees, interest, or a prior credit check, making it a hassle-free option for those seeking financial assistance. You can repay the credit line by using the claim money.

Cost
Policyholders need to pay yearly deductibles. The company provides an additional option where you can pay back the credit or deductibles over a course of 12 months without interest, which can be helpful. Additionally, policyholders who do not claim their deductibles may be eligible for the “diminishing deductible” option. This rewarding feature reduces insurance payments by $50 for each year in which no claims are made.

Embrace

Coverage
Embrace’s pet insurance covers vet exam fees for illnesses and accidents and also provides all-day health line assistance. The policies are restricted to cats and dogs, and Embrace does not cover exotic pets. Usually, the accident plan not only covers getting hit by a vehicle but also swallowing a foreign object, foreign body ingestion, bloat, and ligament issues. Having said that, Embrace does not insure preventative care or pre-existing conditions in pets, but you can opt for their Wellness Rewards plan. The plan covers routine checkups, teeth clean up, and neutering.

Cost
The deductible for covering only accidents is $100 yearly for a $5,000 coverage. The combined plan for accident and illness has a coverage range from $5,000 to unlimited. Similar to Paw Protect, Embrace also has a “diminishing deductible” option of $50 for every unclaimed year. You can also get an additional 15% off on insurance for more than one pet.

Usually, there’s a waiting period for accident and illness insurance for almost all well-known companies, which can range from two days to six months. You are advised to hunt for multiple options and contact a few shortlisted companies to know the insurance details, including the waiting period, as soon as you get a pet.