Pet Insurance-What's all the fuss about?

Posted by Hailey Guerrero on

Pet insurance is becoming increasingly popular among pet parents, and for good reason. Pet health insurance provides peace of mind that your fur baby will get the best care, even when the vet bill is costly. Pet Insurance is not like human health insurance, instead it is similar to car insurance, i t's purpose is to prevent financial ruin in the event of an unexpected accident or illness.

How Does Pet Insurance Work?

Many pet insurance companies follow a reimbursement-based model. Which means that when you take pet to the vet for an injury or illness, you pay the bill at the time of service and submit a claim for reimbursement. Many companies make it easy to visit any vet you desire!
Like car insurance, most pet insurance plans have deductibles, reimbursement percentage, annual or per-accident maximum, and waiting periods.

Some pet insurance companies, like Embrace Pet Insurance, allow you to personalize factors of your pet insurance policy to best fit your budget and your pet’s needs.

What Does Pet Insurance Cover?

It’s best to research and compare each pet insurance plan thoroughly as coverage varies from insurer to insurer, but most pet insurance plans cover:

  • Treatment for accidents, illnesses, & diseases
  • Surgery and hospitalization
  • Diagnostic testing & imaging (X-rays, MRIs, etc.)

Some pet insurance companies, like Embrace, also cover:

  • Genetic and breed-specific conditions
  • Exam/consultation fees
  • Alternative Therapies (acupuncture, hydrotherapy, etc.)
  • Chronic & recurring conditions (allergies, arthritis, etc.)
  • Prescription Medications
  • ER and Specialist Care

What Doesn't Pet Insurance Cover?

Most pet insurance plans do not cover:

  •  Pre-existing conditions
  • Cosmetic, elective, or preventative procedures
  • Breeding, pregnancy, or whelping
  • Prescription diet food

Pre-Existing Conditions:

Whether your pet’s pre-existing condition is curable or not will determine your coverage options for that condition.

Embrace is one of the few companies that distinguishes between curable and incurable pre-existing conditions, allowing for the greatest long-term coverage. Before signing up, it is important to understand what pre-existing conditions your pet insurance company deems curable or incurable. Curable pre-existing conditions may be covered if the pet goes 12 months symptom and treatment free while incurable pre-existing conditions will never be covered.

Is Pet Insurance Worth The Cost?

Adding another expense to your budget is a challenging decision, but your pet is a member of the family whose care can be quite costly. Research shows that:

  • Every 6 seconds, a pet parent is handed an emergency vet bill of $1,000 or more
  • 60% of Americans have less than $1,000 in their savings account
  • 1 in 3 pets claim in their first policy year

Pair this with the North American Pet Health Association’s (NAPHIA) findings that 68% of households in the United States have pets but only 1% have pet insurance and looming vet bills become a scary thing.

Pet Insurance or Savings Account?

A common question that pet insurance companies get is whether a savings account or pet insurance is better. The answer is they’re both great ideas and work well together. Here’s why:

  •  Pet insurance is dedicated solely to your pet. A savings account is used for every unexpected cost, so if your tires need replaced the same week that your dog starts limping, you’ll be dipping into the savings account for several reasons.
  •  Pet insurance is convenient. Saving money takes time and discipline. Unfortunately, your new puppy isn’t going to wait until you’ve set aside enough money for vet bills before swallowing a rock, so pet insurance has your back.
  • Most pet insurance plans are reimbursement-based. That means you pay the vet bill at the time of service and submit claims for reimbursement. Use the money from your savings account to pay the vet bill, then replenish the account with the claim reimbursement so you’ll always be covered

Check out for more info on a pet insurance we researched in depth. You can get a quote on a plan that works for you!


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