While all pet insurance policies may have some similarities, there are also important differences among plans. For example, some plans cover congenital conditions while others require additional riders. Some plans also have tiered payment plans, so be sure to choose a plan without a waiting period. For example, Healthy Paws Pet Insurance has a 12-month waiting period before it will cover your dog for hip dysplasia. It is also not available to dogs older than six years.
Some policies exclude preexisting conditions. For instance, coverage may not be available if your pet has diabetes, or if it has a urinary tract infection. This makes them less valuable for those with a history of serious health conditions. However, if your pet is healthy, you can still consider them for insurance. In Florida, Tropaion is testing out a new type of plan.
Another difference between different plans is the cost of coverage. Many plans will cover the standard cost of treatment, but you’ll have to pay the rest. This is because pet health insurance does not cover routine procedures, such as annual exams, vaccinations, or spaying and neutering. But there are companies that offer add-on coverage for these costs, so it’s worth researching different policies. However, make sure to understand the policy’s exclusions.
The Embrace plan offers a unique benefit: every year without a claim, the deductible will drop by $50. This means that if your pet is healthy, there’s less out-of-pocket cost for you before coverage begins. Similarly, the Embrace plan also provides a variety of options to choose from. Embrace also offers a 30-day money-back guarantee for its customers.