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Pet Insurance policies are underwritten by Independence American Insurance Company.

The 5 Most Essential Features to Consider When Buying 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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As pet parents, many of us consider our pets to be family. They’re like our children, and we naturally want what’s best for them. With this, we want to be prepared when our pets get sick or injured.

Because we never know when this may happen, it would be wise for us to consider pet insurance for our soulful sidekicks. But how does pet insurance work and what are its costs and benefits?

Pet insurance policies were typically designed to cover a range of medical treatments and expenses that we may incur when our pets get sick or injured. It helps assure us pet parents by covering unexpected vet bills while allowing us to give our pets the medical care that they need.

In choosing pet insurance, it is essential to look into these five factors below to be able to compare pet insurance plans and determine the best option for you and your pet:


Knowing the coverage of the pet insurance policy as well as what is excluded is important. It will help you in determining which plan is best for both you and your pet's needs.

Depending on the pet insurance policy, coverage typically includes a wide scope of medical treatments. Some may cover preventive measures, various illnesses, behavioral problems, injuries, and care for end stages, among others.

Meanwhile, some specifically provide coverage for pet emergencies such as the Petcube Emergency Fund, covering pet emergencies regardless of age, breed, and medical history.

Because the terms of coverage may vary depending on the pet insurance provider, it is important to find out what specific conditions and situations are covered as well as those that are excluded.

Among the common exclusions in pet insurance policies are age, congenital or pre-existing conditions, and certain pet breeds.

Maximum Benefit

The maximum benefit is the maximum amount that the pet insurance policy will pay for each year. Before investing in a pet insurance policy, it's important that you understand the policy's maximum benefit and whether the amount is enough for the needs of your pet.

You have to determine if the premium to be paid is worth the investment in line with the benefits.

Waiting Period

Note that with pet insurance policies, there may be a waiting period before the coverage becomes accessible. This waiting period begins upon signing the policy contract until the coverage starts.

Depending on the policy, it may range from 1 week to 1 year. This means that any treatment costs incurred before this period would not be covered. With this, you need to know how long the waiting period is to avoid misunderstandings along the line.


Policies have reimbursement structures that you should be aware of. For example, there are flat-rate reimbursement plans where the provider shells out a certain amount without regard for the cost.

On the other hand, there are those that offer percentage reimbursement plans where they pay for a percentage of the expenses incurred.

It depends on the pet insurance policy, but most policies reimburse the veterinary costs after they have already been paid. Reimbursements may vary, but it usually amounts to a percentage of the total expenses.


This is the amount that must be paid before your insurance policy starts. When the deductible is higher, the monthly dues are likely lower.

However, you have to shell out more for overall care. Be sure to check your policy for the deductible amount and its terms. If something's not clear, don't hesitate to ask the insurance agent.


When it comes to choosing pet insurance, it is necessary to understand the terms and conditions to be able to make an informed decision that would benefit you and your pet in the long haul.

Understanding the features above may help us pet parents compare pet insurance plans, and determine which one would work best for our situation.

Getting pet health insurance for your pet can be a wise investment. That way, our pets get protection and coverage for veterinary costs from sickness, injury, and pet emergencies.

Pet insurance helps give pet parents the peace of mind that they'll be prepared no matter what their pets get into. We can care for our pets better and enjoy our time with them when we're not stressed about unexpected financial consequences of a pet emergency.

To know more about the current services and innovations in pet care, check here.

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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