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Pet Insurance policies are underwritten by Independence American Insurance Company.

The 5 Most Important Features to Pay Attention to When Shopping for Pet Insurance

When shopping for pet insurance, it's important to keep these five factors in mind to choose the best fit possible for you and your pet.

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A pet insurance policy is an insurance policy designed to cover the medical expenses incurred when a pet is injured or falls ill. It is created to give pet parents financial protection against unexpected veterinary bills.

These plans can provide coverage for medical expenses such as veterinarian visits, hospitalization, surgeries, laboratory tests, x-rays, and prescription medications. They can also cover alternative therapies and treatments, such as acupuncture and hydrotherapy.

When shopping for pet insurance, it's important to keep these five factors in mind to choose the best fit possible for you and your pet:


It is necessary to know what type of coverage the policy offers and what is excluded. This will help you determine what plan your pet needs and what is the best for you.

Pet insurance policies typically offer coverage for a wide range of medical treatments, including preventive care, as well as unexpected illnesses and injuries. Some policies may also provide coverage for behavioral problems and end-of-life care. Others protect only in emergency cases, such as the Petcube emergency fund.

A pet insurance policy should include a range of illnesses and injuries such as cancer treatments, emergency vet visits, etc. Make sure you understand any exclusions or limitations on the policy. Common exclusions are pre-existing conditions, elective procedures, and certain breeds.


Determine the reimbursement structure of the policy. A percentage reimbursement plan means that the policy will pay a percentage of the cost of care, while a flat-rate reimbursement plan pays a set amount regardless of cost.

Most pet insurance policies reimburse the policyholder for veterinary care costs after the bill has been paid. Reimbursement amounts vary depending on the policy, but generally, the policyholder will receive a percentage of the total cost.


A deductible is the amount of money you must pay out of pocket before your insurance kicks in. Check the policy to see what the deductible is and how it works.

A higher deductible can mean lower monthly payments, but could also mean you will have to pay more for care overall. Deductibles can range from a few dollars to several hundred, depending on the policy.

Maximum Benefit

Most policies have a maximum benefit amount that will be paid out each year. Make sure you understand what your policy's maximum benefit is and if it is enough for your pet's needs.

Waiting Periods

Many policies have a waiting period before coverage kicks in. This is the amount of time that must pass between signing up for the policy and when the coverage begins. This may be anywhere from one week to one year, depending on the policy and coverage.

Be sure to look at the details of the policy to avoid any misunderstanding and future problems.


Along with the above features, it’s important to also find out how the claims process works, how long it takes to receive reimbursement, and any documentation that you may need to provide.

A pet insurance policy can be a great investment for pet parents. It can provide vital coverage for medical costs, help protect your pet from unforeseen accidents, and ensure that your beloved pet is taken care of even after you are gone.

Even if your pet never gets sick or injured, a pet insurance policy can still provide peace of mind in knowing that should the worst happen, you will be prepared. By investing in pet insurance, you can help provide your dog or cat with the best care possible as well as safeguard your financial well-being.

Lizz Caputo is a Content Strategist at Figo, animal enthusiast, and owner of a rescued senior American Bully. Her hobbies include checking out new restaurants in her area, boxing, and petting dogs of all shapes and sizes.

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No one is permitted to sell, solicit or negotiate an insurance policy without a producer license in the state in which the plan is sold, and all prospects should be directed to Figo Pet Insurance. The information contained in this website is for illustrative purposes only and coverage under any pet insurance policy is expressly subject to the conditions, restrictions, limitations, exclusions (including pre-existing conditions), and terms of the policy documentation issued by the insurer. Availability of this program is subject to each state’s approval and coverage may vary by state. Coverage underwritten by Independence American Insurance Company (IAIC), a Delaware Insurance Company, 11333 North Scottsdale Road Suite 160 Scottsdale, AZ 85254. Live Vet and the Figo Pet Cloud are separate non-insurance services unaffiliated with IAIC. Figo Pet Insurance's California license number is 0K02763.

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