Embrace Pet Insurance Premium Increase

Even if you focus on insured pets the risk is rarely disastrous.

Embrace pet insurance premium increase. Per our contract with you and our insurance filings in your state your personal claims history is not factored into any premium increase. Increase your premium because you claimed. 100 reimbursement after deductible is satisfied and exam fees included. Drop or decrease your pet s coverage at a certain age.

I researched several pet insurance carriers and chose embrace because their customer service representatives were very up front and patient about answering all my questions. Premium changes at renewal. Meanwhile the average annual pet insurance premium in 2017 was 516 while the average annual vet bill per pet the same year was 92. Your pet getting older just as us humans tend to get sick more frequently as we age so do our pets.

Since i now have two dogs and a cat the premiums are getting out of hand. It s no 664 last december. Laura bennett the cofounder and ceo of embrace pet insurance company recently posted a link to an article written by a pet owner who received her pet insurance renewal letter and discovered the premium was increasing by 52. Last year the policy pet plan offered me on renewal eliminated 100 reimbursement with a large increase in premium.

There are three main reasons for premium increases. My premium was 205 when i started my policy in 2008. All pet insurance companies no matter how they market their benefits will raise rates to keep up with the rapidly rising cost of veterinary care. This article is perhaps the most well thought out response to the issue of increasing pet insurance premiums i ve ever seen.

They also allowed me to view their evaluation of her exclusions based on pre existing conditions after receiving the required veterinary records. Petplan offers discounts on your premiums if you don t file a claim for a period of time rewarding you for keeping your pet safe and healthy. It has an annual coverage limit of 2 500 to unlimited annual deductibles of 250 to 1 000 and 70 80 or 90 reimbursement rates. We will never penalize you with higher rates for making claims.

Of course pet insurance seems more important as the pet gets older so i m in a quandry. According to the abi the average insurance premium dropped from 281 in 2017 to 279 in 2018 which is the first drop in eight years. While embrace will never reduce the coverage for aging pets the premiums do go up a bit each year as our pets get older to account for the increasing risk of illness. The saying better with age applies to wine and fine cheeses but probably has never been said about pet insurance premiums.