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How Pet Insurance Works

What is pet insurance?


Pet insurance can help you rebound from an unexpected pet injury or illness by only requiring you to pay a portion (co-insurance) of your total eligible veterinary or care expenses. You are then reimbursed the balance of these expenses after your annual deductible has been paid.

More than 50% of reimbursed claims are for bills over $1,000
More than 50% of reimbursed claims are for bills over $1,000


At Furkin, you'll get reimbursed up to 80% of your total eligible expenses to help you and your finances bounce back.


You are responsible for paying the co-insurance amount of 20% on all eligible expenses, after which your annual deductible or any remaining balance of your annual deductible is applied.

Dog insurance

Knowing your four-legged friend is covered in the event of an illness or injury can help put a bounce in your step. The cost to insure your dog is determined by their breed, age, and location, plus the deductible level you choose.

Cat insurance

Pet insurance for cats provides coverage that’s purrfect for when your feline friend experiences unexpected illnesses or injuries. The cost to insure your cat is determined by their breed, age, and location, plus the deductible level you choose.
All dogs and cats must be between 7 weeks and 14 years of age at the time of enrollment to be eligible for a Furkin Pet Insurance policy. Once your pet is enrolled, you can continue to renew their policy for life.

How does pet insurance work?



You visit the vet and receive treatment for your pet’s accident or illness.


You pay the vet and file your claim.


You are reimbursed a portion of your expenses based upon the policy you have.
With Furkin Pet Insurance, you get reimbursed 80% of your eligible expenses for accidents and illnesses. That’s up to $20,000 annually, less your deductible (if applicable).

Pet insurance questions

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
  • Diagnostics
  • Imaging - CT scans, MRI and X-Rays
  • Medical Procedures
  • Anesthesia and Surgery
  • Hospitalization
  • 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.

Loving your fur family is easy.

Help protect them with a simple plan with great coverage - plus three deductible and premium options for you to help manage your budget.