PetPlan Review: Fully Updated For 2023 - Pet Checkers (2023)

FAQs

What happened to Petplan? ›

In 2019, Petplan was acquired by Warburg Pincus. In 2020, The Dodo acquired a minority stake in Petplan, rebranding it as Fetch by The Dodo. Its insurance policies are administered by Fetch Insurance Services, LLC and underwritten by XL Specialty Insurance Company and AXIS Insurance Company.

We recently changed our name to Fetch by The Dodo, but there has been no change at all to our pet insurance. We still provide the most comprehensive coverage there is — the name and logo are the only thing that's different.

We pride ourselves on our breadth of cover, paying 97% of all the claims we receive and this is why thousands of vets partner with us. We can also pay vets directly.

Petplan is also a well-known pet insurance provider that pays your vet directly so you may not even have to pay out for any veterinary treatment at all. As with all pet insurance policies it is advisable to shop around to ensure you are getting the best cover for your pet.

Petplan is now Fetch by The Dodo. Please see our Fetch by The Dodo pet insurance review.

JAB Holding Company Acquires Petplan.

PHILADELPHIA, Oct. 2, 2019 /PRNewswire/ -- Petplan, a leading pet health insurance provider in North America, today announced that the company has been acquired by Warburg Pincus, a global private equity firm focused on growth investing.

It's true that you can generally expect your pet's insurance coverage cost to increase each year, along with their ever-increasing age. However, this doesn't mean that there aren't things you could—and sometimes should—consider changing about that coverage as time goes on.

Pet must be at least 6 weeks old to enroll. No upper age limits for enrollments apply.

Claire McCabe named vet of the year, Pet Blood Bank's Helen Rooney wins vet nurse of the year and Milfeddygon Williams Vets in Gwynedd is vet practice of the year at annual awards.

Does Petplan cover death? ›

Your policy may not include the Death from Injury and/or Death from Illness sections of cover. These are only included if they're shown on your Certificate of Insurance. Third Party Liability applies to all dogs, unless it has been specifically excluded from your dog's cover.

Typically a 20% excess (in addition to the fixed excess) is introduced on our Covered For Life® policies at the dogs 10th birthday (7th birthday for some breeds) and on our Essential cover at the dogs 8th birthday (5th birthday for some breeds). This helps us keep premiums affordable for older pets.

Lifetime policies offer the highest level of coverage for your pet. Lifetime policies typically cover both accidents and illnesses and the amount of money you can use each year resets every time you renew the policy.

If your pet develops a long-term health condition or needs ongoing treatment for an injury, for example, you can claim as many times as you need to until the maximum benefit has been reached. However, after this you'll no longer be able to claim for that illness or injury even if your pet needs further treatment.

We pay 90% of claims within 5 working days once we receive the claim form. Our experienced team are ready and waiting to help, and will be in touch if we need any more information about your claim.

There are four main types of pet insurance – Lifetime, Annual (or time limited), Accident only and Maximum benefit.

The pet insurance industry is growing rapidly and is becoming increasingly popular among pet owners. As more pet owners become aware of the benefits of pet insurance, the industry is expected to continue to grow.

The global pet insurance market size was valued at USD 9.3 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.30% from 2022 to 2030. The North American region dominated the pet insurance market in 2022, accounting for over 60% of the market share.

That's why they founded Petplan in 2003. Although their company originated in the United States, they are now one of the most popular and affordable pet insurance services for dog and cat owners in Canada.

Petplan is the UK's No. 1 pet insurance provider with over 1.3. million pets insured.

What are the oldest pet insurance companies? ›

In 1982, the first pet insurance policy was sold in the United States, and issued to television's Lassie by Veterinary Pet Insurance (VPI).

Petplan covers prescription supplements but not prescription food. ASPCA® Pet Health Insurance plans cover both prescription food and supplements to treat covered conditions (not for general maintenance or weight management).

So how many pet owners have pet insurance? About half, or 44.6%, of pet owners stated they currently have pet insurance in our survey. On a larger scale, NAPHIA's 2022 State of the Industry Report found that more than 4.41 million pets were insured in North America in 2021, up from 3.45 million in 2020.

The lower the deductible you choose, the higher the premium you'll pay. The higher deductible you choose, the lower the premium will be.

Most pet owners can expect to pay between $20 and $50 per month for an accident and illness plan with decent coverage. Your pet's age, species and breed, as well as where you live and the coverage you choose all factor into your insurance rates.

Adding preventative care coverage to your plan can help you pay for the expected, routine medical care your pet may need yearly throughout their life, like heartworm tests, vaccinations, annual wellness checkups, fecal tests, and bloodwork.

“The premiums on most policies skyrocket as the pets get older. Rates double by the time a puppy or kitten reaches 4- or 5-years-old and might actually need expensive veterinary care,” Brasler told NBC News BETTER. “Most pet owners will understandably drop coverage once they have to pay more than $200 a month for it.”

If you pay your premium by Direct Debit your policy will renew automatically and we will notify you of your renewal premium each year before your renewal date. If you pay your premium by Direct Debit your policy will renew automatically and we will notify you of your renewal premium each year before your renewal date.

If your dog developed an ongoing condition such as diabetes: Petplan will pay the cost of the treatment (up to the vet fees limit) for diabetes every year for as long as you renew your policy without a break in cover.

Young and healthy pets are less risky to insure than pets that are older and more prone to nagging health conditions. That lack of risk is reflected in lower monthly premiums to the owner. The longer you wait, the more likely your pet is to run into health conditions that could raise the cost of coverage.

Who are the underwriters for Petplan? ›

Petplan insurance is underwritten by Allianz Insurance plc.

The national title of “Pet Partners Pet of the Year” is awarded to the pet whose fundraising team raises the most funds during the six-week competition.

My Petplan is a self-service area where you can make claims, update your account and access your policy information securely whenever you choose.

Accidental death: Accidental drug overdose, motor vehicle accident, poisoning, drowning, or any other tragedy. Pandemic-related illness: Pandemic-related illness such as coronavirus is categorized as a natural cause.

Some pet insurance will cover other costs like cremation or burial, and the process will work the same way. If the coverage period extends past your pet's death, you must usually continue to pay your premium until the coverage period ends.

Whether you have a life insurance trust or want some of your policy's death benefit to go toward your pet, you'll have to name an official guardian to accept the funds and take care of your pet after you pass away.

The lender you choose, type of pet, age and even breed are all factors. For example, because dogs are larger and usually require more medication and sedation than cats, pet insurance premiums are typically higher for dogs than cats.

If you would like to cancel your policy you have 14 days from purchase in which to do so.

Vet fees that are typically covered include the cost of diagnosing and treating illnesses and injuries to your cat or dog. This normally includes: Vet consultations. Examinations and tests.

For example, if your canine friend is diagnosed with a long-term medical condition such as diabetes mellitus, a 'per condition' claim will mean that once you have reached your limit, you will unfortunately no longer be able to claim towards any part of your dog's diabetic management or treatment.

Do vets expect you to pay upfront? ›

“Most will ask for a percentage up front, anywhere from 10 to 50 percent, depending on the total bill,” Dr. Bonk said. “They may then set up weekly, biweekly or monthly payments until the balance is taken care of.” Keep in mind that corporate-owned vets don't usually offer payment plans.

A pet insurance waiting period is the set amount of time after the purchase of a policy that you must wait before making any claims. Waiting periods help to prevent fraud by making it impossible to receive an insurance payout on a pre-existing condition or accident that occurred before the policy was purchased.

A condition that your pet has inherited or is predisposed to such as hip dysplasia. We will cover conditions that haven't shown symptoms before the start of your policy.

Petplan is a leading pet health insurance provider in the United States and Canada the preferred provider of pet insurance for the American Animal Hospital Association and AARP members.

Fetch was founded in September 2003 by husband and wife entrepreneurs Chris and Natasha Ashton after experiencing a high veterinary bill. In November 2003, Fetch Inc. was awarded the exclusive license for the Petplan brand in the United States.

1982– Lassie receives the first pet insurance policy in the United States, issued by Veterinary Pet Insurance (VPI).

Any illnesses that occurs in the first 21 days of cover (Waiting Period), or any Pre-Existing Conditions are not covered.

It's true that you can generally expect your pet's insurance coverage cost to increase each year, along with their ever-increasing age. However, this doesn't mean that there aren't things you could—and sometimes should—consider changing about that coverage as time goes on.

Petcover and Petplan have merged. Read more

Don't risk leaving your cat unprotected, view our plans for more.

Yes. In early 2022, Petplan was rebranded as Fetch by The Dodo. The company's pet policies are still issued by Fetch Insurance Services, LLC, and are underwritten by XL Specialty Insurance Company, and AXIS Insurance Company.

Why did bought by many pet insurance change their name? ›

“After leaning into our established UK brand, it feels right to reflect our growth with a more universally recognisable name. ”The new name forms part of our wider mission to offer pet insurance for cats and dogs of all ages, breeds and health conditions that actually works and is loved by owners.”

The cost of pet insurance in Canada can vary by company, location and the type of services offered and requested. Whether you live in Ontario, Alberta or Quebec, based on sample premiums we obtained from insurers, the average premium for pet insurance in Canada is $29 a month for a cat and $39 a month for a dog.

An annual deductible is the amount of money you must pay for veterinary services out-of-pocket before you'll begin receiving reimbursement from your pet insurance provider for eligible expenses. A lower annual deductible means you'll have to spend less out-of-pocket for veterinary care annually.

Pet ownership almost equal between men and women

According to a recent online survey by GfK, more than half (56%) of over 27,000 people surveyed in 22 countries have at least one pet. Canadians surpass the global average, with 61% of the population owning a pet.