If you are running a pet care business, you need to have pet care insurance for the safety of your business and the well-being of the pets. With too many insurers in the market, choosing the right insurer for an insurance plan is difficult. Let’s have a Pet Insurance Plans Comparison with this article.
If you are wondering about the same thing, read this article. But, after a thorough pet insurance plan comparison, we have listed some of the best options you can choose from.
In this article, we have listed six pet insurance companies that protect the safety of pets and your pet care business. Keep reading.
Importance of Pet Insurance
As a pet care business owner, it’s important to have a good pet insurance plan. Financial protection from unexpected veterinary expenses is one of many reasons to have a pet insurance plan.
As a business, it helps you build loyalty among customers, gain financial stability, and provide necessary treatment to pets when needed.
Here are several reasons why you must have a pet insurance plan –
Gaining Customer’s Loyalty
Offering pet insurance as an option in your pet care business helps build trust among your customers. When you equip your business with the capability to handle any type of medical emergency, it gives your customers peace of mind.
Risk Management
Without pet insurance, your business might be at risk of lawsuits if any of the pets were to get injured under any circumstances.
Financial Stability
A pet care business can be under significant financial loss due to unexpected medical emergencies involving pets. This is extremely useful when dealing with multiple clients at once.
Providing necessary treatments
Thanks to the insurance coverage, you can also feel confident about providing necessary treatment to the pets without having any worries about costs and providing better pet care.
1. ASPCA
If you want a pet insurance plan that covers your pet the way you want, then ASPCA is the answer. They cover your pet for a range of things, including dental illness, behavioral issues, alternative treatment, prescription food, and microchipping.
They also have cheaper and more affordable packages with just an accident-only policy. For extra coverage, you can add a preventive care plan to this plan. The good news is that they provide pet care insurance for both cats and dogs.
| Annual Max Coverage | Unlimited |
| Reimbursement Rates | 70%, 80%, 90% |
| Deductibles | $100, $250, $500 |
| Policy Highlights | More coverage compared to other plans. |
Pros
- Even horse owners can get coverage under ASPCA
- Standard plans provide coverage for behavioral issues, alternative therapies, and congenital conditions.
- Fourteen days of waiting period for cruciate injuries.
Cons
- If you want annual unlimited coverage, you have to contact them by phone. They don’t have an online quote for that.
2. Embrace
Embrace is one of those insurance plans that have the best preventive care packages and wellness rewards. In fact, the scope of offering their packages is wider than that of other providers.
Checkups and vaccinations aren’t the only things you pay for using this insurance package. It’s also eligible for grooming and obedience training.
There is also a wide range of deductible options for pet owners to choose from. In fact, their annual coverage limits are also diversified.
The standard accident and illness plans include different therapies like acupuncture, chiropractic care, and physiotherapy.
| Annual Max Coverage | Unlimited |
| Reimbursement Rates | 70%, 80%, 90% |
| Deductibles | $1000 – $1000 |
| Policy Highlight | Different ways of saving on the policy. |
Pros
- Coverage for preexisting conditions that are curable.
- Different ways of customization plans.
- Options to reduce orthopedic waiting time with a vet exam.
Cons
- Prescription food and supplements are only blocked for the wellness plan.
3. Hartville
If you are looking for pet care insurance plans with an easy-to-understand waiting period, then try out Hartville. This company offers a 14-day waiting period, keeping no barriers to accidents and illness. Also, there’s no exception for cruciate ligament issues. There’s also a wellness plan included which starts right after the day you enroll.
Their standard pet insurance plan also works like most other insurance providers for pets. It includes services like dental illness, behavioral therapies, microchip implantation, and more. They also have unlimited options to look for.
Also, there are different ways of customizing your policy with different coverage limits to choose from.
| Annual Max Coverage | Unlimited |
| Reimbursement Rates | 70%, 80%, 90% |
| Deductibles | $100, $250, $500 |
| Policy Highlights | Most curable pre-existing diseases are covered. |
Pros
- Unlimited annual coverage
- 24/7 vet helpline
- Most curable pre-existing conditions are treated if they are symptom-free for 180 days.
Cons
- Herbal supplements aren’t covered.
4. MetLife
Thanks to MetLife, you can save a lot on your pet insurance policy. The good news is that people from different backgrounds are eligible for the discount. This applies to a first responder, veteran, health care worker, or a member of the military and active staff member of pet facilities.
A good reason for opting for this pet care insurance is the availability of a shorter waiting period before it pays for orthopedic treatments.
In addition, it’s important to mention that MetLife has an intuitive and user-friendly interface. Users can also access sample policies to preview the coverages and terms before they are ready to buy.
| Annual Max Coverage | Unlimited |
| Reimbursement Rates | 50% – 90% |
| Deductibles | $100, $250, $500 |
| Policy Highlights | No age restriction is available for enrollment |
Pros
- In some states, the deductible will go down for every year you don’t make a claim.
- There’s no waiting period involved with accident coverage.
- There’s coverage for holistic and alternative care.
Cons
- The company cannot pay for your vet directly.
5. PetsBest
Most pet insurance plan comparisons suggest that PetsBest is the most affordable insurer among all the competitors. This is great across different states in the USA. There are plenty of options available at different price ranges, thanks to their customization options.
There are two wellness add-ons and one accident-only plan to choose from. A good feature is their direct pay option to the vet. If you are dealing with a larger expense related to injuries, PetBest works with you to pay the vet directly. This way, you’ll avoid paying a huge upfront cost.
| Annual Max Coverage | Unlimited |
| Reimbursement Rates | 70%, 80%, and 90% |
| Deductibles | $50, – $1000 |
| Policy Highlights | Ability to reimburse the vet directly. |
Pros
- There are different options with lots of customization available.
- The annual coverage is unlimited.
- For enrollment, there’s no upper age limit.
Cons
- Exam fees and different therapies are only available on expensive plans.
- Food and supplements aren’t covered under their plans.
6. Spot
Spot is one of the best pet insurance companies for pet owners looking for affordable insurance plans for cats. Their plans are comprehensive and provide different lines of treatment, such as behavioral therapies, dental illness, microchip implantation, etc.
There are different annual coverage limits with customizable insurance plans for different requirements. In addition, there are different deductibles and reimbursements to choose from.
| Annual Max Coverage | Unlimited |
| Reimbursement Rates | 70%, 80%, and 90% |
| Deductibles | $50, – $1000 |
| Policy Highlights | Wide coverage, including microchip implantation. |
Pros
- Stands out from other insurers by providing unique coverage such as prescription food and behavioral modification.
- Unlimited option for annual coverage available.
- Pre-existing conditions are also covered if they were cured and underwent no treatment in 180 days.
Cons
- There’s no option to pay the vet directly.
Decide Based on What Matters
When running your pet care insurance comparison, it’s critical that you decide an amount based on the coverage you need the most. Most insurance plans usually cap the cost they pay out every year. But some still have an annual limit. However, it’s up to you to decide the coverage amount that’s helpful.
In cases when managing a healthy pet (dog/cat), you may not have to pay for anything but routine care. However, in case of accidents or serious injuries, your pet care business could benefit from huge insurance coverage.
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