Let us briefly capture and clarify what pet insurance is before discussing how it works. Pet insurance is there to provide financial support and reassurance of medical coverage for your dog or cat in times of need. If an accident occurs; if they suddenly fall ill; if a serious disease is discovered; pet insurance helps cover costs that may otherwise prove overwhelming.
Research your options and purchase an adequate policy. Trupanion and its competitors offer differing options of pet insurance. This is the first crucial step of seeing coverage put into action – you must decide what the best plan is for you. In Trupanion’s case, we cover 90% of veterinary costs for all accident and illness claims that are approved.
Standard practice is to pay for pet insurance with monthly premiums; the prices are variable depending on the plan. In addition, a deductible may be added to your policy if you so choose. If you ever file a claim for your pet, the deductible is the amount of money you must pay before the insurance provider covers the difference. Once you enroll, there is a waiting period before coverage begins – anywhere from a few days to a month in length.
File a pet insurance claim after a visit to the vet. If your animal is sick, injured, or otherwise incapacitated and in need of professional care, go to your local veterinarian as soon as possible. During the treatment visit is your opportunity to file a claim; Trupanion requires a simple 1-page claim form to be signed by the veterinarian. You will pay up front out-of-pocket and then wait for subsequent reimbursement from your pet insurance company.
Receive your claim reimbursement in the mail. In the weeks after the filing of your claim, you will receive a check from your pet insurance provider to offset the cost you paid initially. Trupanion also offers the convenience of direct deposit for reimbursements as an alternative option. Again, this amount will vary greatly depending on your particular coverage and the exact treatment or surgery that occurred. Make sure the amount checks out in accordance with your deductible (if you have one) and any co-payments.
Be aware of what conditions and practices are not covered by pet insurance providers. What is not covered differs significantly from company to company. In Trupanion’s case, the two biggest areas we do not cover are pre-existing conditions and routine care. The former refers to any conditions already displaying symptoms during sign-up, waiting periods, or up to 18 months before enrollment. Routine care means ordinary care measures taken by veterinarians such as spaying/neutering, wellness exams, and teeth cleaning. Visit Trupanion’s page here to read up on all the relevant details.
When all is said and done, the fulfillment of a pet insurance plan is pretty straightforward. Do your research, buy the best fitting coverage for you and your pet, stay on top of their health, and enjoy the peace of mind granted by a trusted provider of pet insurance.
If you any questions, comments or concerns regarding pet insurance, give Trupanion a call at (800)-569-7913.