Pet insurance is coverage designed to provide you with financial support towards professional veterinary care in the event of unexpected medical costs. Regardless of your income or financial situation, if you’re like most pet owners, you don’t have the funds set aside to provide potentially costly veterinary care should your pet need it. This is likely one of the reasons you initially decided to protect your cat or dog with coverage.

Having pet insurance ensures you don’t have to compromise the quality of care your pet receives in the event of an unexpected accident or illness. With the ability to save up to 70%, 80% or 90% on your veterinary bills, you can provide your cat or dog with the treatment they need, when they need it without breaking the bank.

While your pet insurance policy may not “pay off” each year, it is invaluable to have should an unexpected accident or illness occur, and often outperforms a savings account set up to cover veterinary expenses.

If you’re considering cancelling your pet insurance policy for any reason, please consider the following risks associated with cancelling and don’t hesitate to reach out to us to discuss your options further. Whatever the reason, we want to work with you to ensure your pet remains covered in the event of an accident or illness.

  • The onset of an ongoing chronic condition: If your pet remains healthy year after year, you may question the value of your pet insurance. The reality is, pets can be affected by accidents and illnesses at any time. As they age, chronic and degenerative conditions like degenerative joint disease or kidney disease become likely. If one of these conditions appears when your pet is not insured, you will not be eligible for coverage for diagnosis and treatment of that issue or any related problems in the future
  • Pre-existing conditions should you move to another company: If you make the decision to cancel your pet insurance policy, any conditions that have been covered under your current plan will be viewed as pre-existing by other insurers. In addition, any conditions that arise when you do not have a pet insurance policy in place, will be an exclusion on any future policies.
  • Unexpected veterinary bills: While your pet may be happy & healthy now, unexpected veterinary expenses can arise at any time causing undue stress related to finances or compromising the care your pet receives. Without the support of pet insurance in times of need, you may risk:
    • o   Limited care for your pet: If you don't have the financial resources to cover large veterinary bills, it is likely that you will be worried about your pet and your pocketbook. These limitations may impact your decisions regarding treatment.
    • o   Going into debt or depleting your savings: Regardless of whether you limit your pet’s treatment due to finances or not, any veterinary expenses will need to be paid out of your own pocket. A pet insurance plan can reimburse those expenses, allowing you to remain more financially stable.
    • o   Economic euthanasia: It’s tough to think about, but many owners without insurance are faced with the decision to pay for high-cost veterinary treatment or to end their pet’s life. This decision is never taken lightly, and is often a factor of personal finances, age of the pet, and the severity of the diagnosed condition - pet insurance might prevent you from needing to make such a decision.

If you have any questions or concerns about your policy, please reach out to our Customer Success team at 1-800-364-8422 or [email protected].