No. At Furkin, we do not penalize pets who have had to claim more nor do we change your premium due to your pet’s specific medical history at enrollment or renewal.
For example, let’s say you and your neighbour each adopt a 9-month-old Labrador Retriever and enroll both of your pets with Furkin. You both have the same monthly premium since the demographics of your pet are identical. In year one, you have claimed and been reimbursed for $2,500 in medical expenses and your neighbour’s pet has luckily been in good health and not had to submit any medical claims. When you and your neighbour’s policies renew after 12 months, the two premiums may have gone up or down from what you paid in year one (learn about how pet insurance premiums are calculated), but you will both be paying the same new monthly cost for year two since we do not penalize pets that have been “unlucky” and required medical care.
With pet insurance, there are various factors that are used to determine initial premium costs. One factor is where you live, because the cost of veterinary medicine varies greatly across the country.
Another factor in determining premiums is the species and breed of your pet. For example, simply due to their sheer physical size large breed dogs will incur greater medical costs (e.g., medications) than mid-sized or toy dog breeds and cats.
The final determining factor in calculating premiums is the age of your pet when they are first enrolled for coverage. Older pets are more prone to various medical conditions and as such the premiums will rise as they age.
Learn more about how pet insurance premiums are determined.
Furkin Pet Insurance provides comprehensive coverage for illnesses (e.g., cancer, diabetes, allergies, etc.), accidents (e.g., hit by a car, broken limb, etc.), and emergencies — the situations you don’t see coming. Coverage includes, but is not limited to, the following professional veterinary services:
- Exam Fees & Applicable Taxes
- Imaging - CT scans, MRI and X-Rays
- Medical Procedures
- Anesthesia and Surgery
- Emergency Care
- Prescription Medications
- Dental Injuries
- Referral and Specialist Fees
- Alternative Therapies
- Hereditary and Congenital Conditions
You can find a complete list of what’s covered – plus our additional perks worth over $3,000 per year – starting on page 11 of our Sample Policy.