Welcome!

News Feed Item

Trupanion Reveals the ABCs of Pet Insurance

SEATTLE, Aug. 7, 2014 /PRNewswire/ -- The human-animal bond between pet owners and their pets is stronger than ever, as evidenced by 91% of pet owners who consider their pet a part of their family and a total spend of $58 billion a year on pets. While a portion of that spend is on medical advancements in veterinary care that are helping pets live longer, healthier lives, these increases in veterinary costs often present pet owners with a dilemma that weighs the cost versus the best care for the pet. Trupanion, a company that provides medical insurance to cats and dogs, today released the ABCs of Pet Insurance, a simple tool to help pet owners navigate pet medical insurance.

ABC's of Pet Insurance by Trupanion (Trupanion.com)

"As advanced veterinary care becomes more available and costs increase, medical insurance for pets is rising in popularity and becoming an essential part of responsible pet ownership," said Kerri Marshall, DVM, Chief Veterinary Officer at Trupanion. "However, with so many different types of insurance, companies, policy options and add-ons, choosing the best policy can seem overwhelming."

Medical insurance for cats and dogs should not be mistaken with liability or property insurance. The concept of it is fairly straightforward—pay a monthly premium in order to be covered for unexpected veterinary expenses— but every provider is different and offers varying coverage, plans, pricing options and limitations.

This simple guide outlines key factors that should go into deciding if it is the right fit for you.

  • Age – Many times, the age of your pet will influence the cost to insure them. Some companies increase the price of the premium as pets' age, while some price based on the age at the time of enrollment. Insuring your pet as a puppy or kitten does have benefits—it is often less expensive and more likely that a pre-existing condition will not already exist. But if your pet is middle-aged or older don't think that they can't be insured as the coverage will help with treatment costs needed as your pet ages.
  • Breed – Certain breeds are predisposed to conditions, such as luxating patellae in Yorkshire Terriers, chronic lower airway disease in Siamese cats and cancer in Golden Retrievers. The right medical coverage will protect your animal even if they are prone to hereditary or congenital conditions.
  • Coverage – Each company will offer varying degrees of coverage, and some have coverage schedules and limits. Look for a provider that covers the largest portion of your veterinary bill, coverage for congenital and hereditary conditions, and has no limits to the amount they will pay out.
  • Deductible – Choose a deductible that fits your budget and how they are applied. Deductibles can help you control your premiums while making sure you see coverage before you hit your budget limit. Some deductibles must be met yearly, and some only apply once per condition. Some companies offer adjustable deductibles that allow you to adjust the premium cost that best fits your budget.
  • pre-Existing conditions – No pet medical insurance company currently covers pre-existing conditions, but each company identifies pre-existing conditions differently. Make sure you understand how each company defines a pre-existing condition and how they may decide if it relates to a future claim. Even if your pet has a pre-existing condition, like allergies or chronic ear infections, they are still a good candidate for insurance if they develop an unrelated condition down the road.
  • Flexibility – Look for a policy that does not lock you into a long-term contract and gives you the freedom to adjust your deductible or premium payments to fit your changing financial needs. You also want a policy that gives you the freedom to go to any veterinarian or specialist you choose.

Still not sure if pet medical insurance is right for you? Ask your veterinarian who can help provide insight. They have extensive knowledge of your pet's breed risks and health history. To learn more about choosing the right coverage plan and for more information about Trupanion, visit Trupanion.com. You can also ask your veterinarian for a Trupanion 30-day certificate to try Trupanion at no cost or obligation.

About Trupanion

Trupanion is an industry leader in medical insurance for pets, offering cat and dog medical insurance in the United States, Canada, and Puerto Rico with the mission to help pets receive the best veterinary care possible. Trupanion offers a simple, fair and comprehensive pet medical insurance policy that pays 90% of veterinary costs for covered illness and injury claims that could include diagnostic tests, surgeries, medications, hospital stays, and alternative therapies for the treatment of injuries or illnesses. Trupanion's policy includes coverage of chronic, hereditary and congenital conditions with no payout limits per incident, per year, or over the lifetime of the pet. Some terms and conditions apply, please see our policy for details at Trupanion.com.

In the United States, Trupanion is underwritten by the American Pet Insurance Company, which has earned a Financial Stability Rating® of A--Exceptional from Demotech, Inc. In Canada, Trupanion is underwritten by Omega General Insurance Company. Trupanion is a founding member of the North American Pet Health Insurance Association (NAPHIA), demonstrating a commitment to high standards and transparency in all actions and products. Trupanion's shares are traded on the New York Stock Exchange under the ticker symbol TRUP.

Media Contact:  Britta Gidican, [email protected], 206-607-1930

Trupanion Logo

Photo - http://photos.prnewswire.com/prnh/20140806/134240
Logo - http://photos.prnewswire.com/prnh/20140306/SF78009LOGO

SOURCE Trupanion

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
"Since we launched LinuxONE we learned a lot from our customers. More than anything what they responded to were some very unique security capabilities that we have," explained Mark Figley, Director of LinuxONE Offerings at IBM, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...