Good coverage if you make claims

Out of 10

Overall I am happy with the coverage we have recieved... our Ridgeback is 2 and has had a few minor vet visits, all of which have been covered in some respect. What I'm not happy about is how the rate went up substantially within months of signing up. I am now paying close to 50/month and not getting nearly that back in claims we make. Yes, it is peace of mind, but when we signed up, we were paying under 40/month. We have our fingers crossed that he remains healthy and we don't have to make major claims, but this increase makes a substantial difference when you look at it over the year. Hopefully the rates won't change on a regular basis.

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Posted: 09/23/2009

In 2008, Trupanion/Vetinsurance made a structural shift in the way we determine monthly premiums in order to allow every pet owner to receive the best value for their specific pet. After 8 years of being in business, we found that some breeds and locations were subsidizing others. Therefore, we created a more even playing field by accounting for the local cost of veterinary medicine, which brought some decreases in premiums and some larger than normal increases (depending on the historical data of breed and location). Before this time, every pet had the same monthly premium based on the age at which they enrolled. Now, premiums are determined by the local costs of veterinary medicine, the breed of your pet, and its age at the time of enrollment. We are not anticipating any further structural changes in the near future, so the premium you see when you sign up will remain consistent except for the periodical impact inflation has on the cost of veterinary care. We assure you that your premiums won’t increase nor will your coverage be restricted due to filing claims or your pet aging.

Posted: 10/05/2010

I am really enjoying reading these reviews on the various pet insurers. I am a little confused however, why one would compare premiums paid to claims paid out. The whole idea of insurance is 'insurance', for 'just in case', and 'there when you have the misfortune of needing it'.. and hopefully you don't have to use any! Thank God I haven't had to make a claim on the life insurance I've been paying premiums on for years! Sure you can put your premiums in a bank account to save for your future unknown vet expenses, but in the event of some tragic and expensive illness, at least you're going to be covered if you have insurance (at least that's what they say :) )