Apart from family and friends, another most important thing in your life that’s worth protecting is your pet. If you’re resident in Canada, there are insurance companies that can help keep your pets healthy as well as protect you against the rising costs of pet care.
To help you select the best coverage for your pet, we’ve researched the most popular pet insurance companies offering the best plans based on value, pricing, customer service, and more. Read on to find the right choice for your best friend.
Taking care of pets when they are ill or need emergency veterinary care after an accident can be very expensive, that is why there is a need for pet insurance.
Actually, what Pet insurance does is to helps protect you financially in the event of unexpected veterinary costs. Every month, you pay a premium to the insurance company in exchange for ongoing coverage.
In events where your pet gets sick or sustains an injury, the insurance company takes care of the vet bill which may cover partial or full reimbursement depending on your plan. All you need to do is pay an annual deductible before the insurance company starts covering costs.
About Pet Insurance In Canada
In Canada, pet insurance assists in the coverage of pet-related medical costs. Regardless of the policy, insurance plans should include coverage covers accidents, illnesses, diagnostic tests, hospitalization, emergency care, prescriptions, and surgery.
Many plans also offer general wellness coverage for routine care as an additional option, for procedures such as checkups and vaccinations.
Best Pet Insurance In Canada
When it comes to pet insurance in Canada, coverage, plan, deductibles, and reimbursement are the major factors that make a few companies stand out from others.
Coverage
This is an amount added to your bill before it is given to you and is almost always based on a percentage of the bill.
Plan
This is the number of times you can claim your Pet insurance benefit in any policy year. Some companies offer unlimited benefit payouts.
Deductibles
A deductible is an amount you pay out of pocket before the insurance company will pay any expenses.
Reimbursement
This is the action of repaying a person who has spent or lost money. Pet insurance companies reimbursed based on actual cost, rather than relying on complicated calculations and schedules of covered.
Below is the list of best pet insurance in Canada
#1. Petplan Insurance
| Plan | Coverage | Deductible | Reimbursement | Age Restrictions |
|---|---|---|---|---|
| Basic, Intermediate, Advanced | $5,000 | $200 – $2,500 | Up to 90% | Must be at least 6 weeks |
Petplan is one of the best pet insurance companies in Canada. The company has been in existed for more than 40 years, offering comprehensive pet health insurance plans for cats and dogs.
Petplan offers up to 90% reimbursement each year for covered conditions, as well as coverage for alternative therapies and rehabilitation treatments.
It has a 15-day waiting period from the effective date before your pet will be covered. Petplan also offers incredible 24/7 customer service, fast claim reimbursements, and discounts for online purchases and subscriptions.
#2. Trupanion Insurance
| Plan | Coverage | Deductible | Reimbursement | Age Restrictions |
|---|---|---|---|---|
| Basic, Intermediate, Advanced | Unlimited | $700 | Up to 90% | under 14 |
Another top provider of insurance for pets in Canada is Trupanion. This company prides itself on its dedication to helping pet owners keep the costs of pet treatments under control. They offer animal insurance for dogs and cats.
Trupanion makes the process of selecting a health insurance plan for a pet easy by providing an unlimited option for coverage and 90% reimbursement for all plans.
There is a 30-day waiting period for illness and a five-day waiting period for injuries. Already existing conditions are not covered; these are defined as conditions whose evidence existed within 18 months of the policy enrollment, including repeating injuries.
Additionally, Trupanion also offers a vet direct pay benefit, which pays the bill directly instead of through reimbursement.
#3. Pets Plus Us Insurance
| Plan | Coverage | Deductible | Reimbursement | Age Restrictions |
|---|---|---|---|---|
| Accident + Illness | Unlimited | $700 | Up to 90% | N/A |
Pets Plus Us insurance offers Accident, Illness, and Wellness Care insurance policies to pets. These policies are offered separately for cats and dogs with three distinct deductible and copay options for each.
Pets Plus Us Insurance comes with an age-based deductible and an option to select an accident-only plan to keep the cost lower. Pet owners have the option to change the coverage, deductibles, and reimbursement percent for the Accident & Illness plan, but to a more limited extent than the other companies.
#4. PetSecure Insurance
| Plan | Coverage | Deductible | Reimbursement | Age Restrictions |
|---|---|---|---|---|
| 1 secure, 2 Secure 3 Secure 4 Secure | Unlimited | $2,500, $5,300, $10,400, Unlimited | Up to 80% | N/A |
Started in 1989, Petsecure is among the best providers of pet insurance services in Canada. This company provides four levels of pet insurance coverage with up to 80% reimbursement for treatments and veterinary services. These great offers make it one of the better options for pet owners.
It features a 48-hour waiting period for coverage of accidents, 14 days for illness, and six months for dental coverage.
#5. CAA pet insurance
| Plan | Coverage | Deductible | Reimbursement | Age Restrictions |
|---|---|---|---|---|
| Compact, Intermediate, Luxury | Unlimited | $2,000, $2,500, $4,500 | Up to 80% | N/A |
Another good option and maybe the most affordable pet insurance in Canada is CAA. The company offers low-cost coverage for accidents, affordable coverage for all illnesses and accidents, Premium coverage for accidents, illnesses, and important extras.
CAA features three plans with varying levels of coverage; Compact, Intermediate, and, Luxury. To help protect your pet, you can opt-in for any of CAA’s exclusive pet insurance programs.
Conclusion
It is essential for every pet owner to know the options around pet insurance and get prepared early enough should the unexpected happen. While looking at options, the focus should be on coverage, plan, deductibles, and reimbursements, and other relevant factors. Using these 4 main factors to get the best deal for you and your pet.
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