Spot Pet Insurance Review

 

Pet insurance can help you protect your finances and your pet’s health if they experience an unexpected illness or injury. Pet insurance is a necessity for those who cannot afford to pay for emergency vet bills and it is advisable even for those who have ample savings. Without pet insurance, injuries or illnesses, especially those that require an emergency vet visit, can easily cost thousands of dollars.

Spot Pet Insurance is one of many available options in the pet insurance industry. They’re new to the scene, but they have a variety of plans available.

 

Spot Pet Insurance: An Overview

 

Spot Pet Insurance is a relative newcomer to the industry. They were founded only a few years ago in 2019. They are underwritten by United States Fire Insurance Company and have policies provided through Crum & Forster Pet Insurance Agency.

Two of the biggest perks of Spot Pet Insurance are affordability and unlimited coverage. However, you can’t use both at the same time. Customization options mean you can get very economical coverage, but the unlimited coverage plans cost more than those.

 

Pros and Cons

 

Every pet insurance provider will have various strengths and weaknesses that you should know about to see if they’re a good fit for you or not.

 

The Pros

 

For being a relative newcomer to the industry, Spot Pet Insurance has quite a few strengths working in its favor:

• 24/7 pet telehealth line
• Optional wellness plan is available
• 10% multi-pet discount
• Low deductible of $100 is available
• Coverage for pet microchips
• Handles vet office visit fees in cases of accident and illness
• 30-day guarantee for money back
• No age limit on senior pets
• Unlimited annual coverage choices available

 

The Cons

 

For all the perks that Spot offers, Spot Pet Insurance isn’t totally perfect. Be mindful of these potential drawbacks:

• No customer service available on weekends
• 14-day accident waiting period is longer than industry averages
• Unlimited coverage options are substantially higher in price than limited options

 

Coverage and Exclusions

 

Along with the pros and cons, two other things that might determine whether Spot Pet Insurance is right for you are the potential coverage and exclusions. These items largely depend on the kind of policy you get.

 

What’s Covered?

 

Spot’s cheapest insurance option is their accident-only plan. It will cover accidents, including toxic ingestions, swallowed objects, and injuries. It might work for you if you’re on a budget and would like emergency coverage without stressing over other conditions and illnesses.

Comprehensive coverage is available through an accident and illness plan. It covers everything the accident-only plan does and covers general illnesses. This covers diabetes, cancer, heart disease, hip dysplasia, dental disease, and behavioral issues. The coverage is more comprehensive, but the costs are also higher. If you want total coverage for most pet accidents and illnesses, then consider this option.

The gold preventative plan helps pay for routine care so you can keep your pet healthy all year long. It entails a monthly charge of $9.95, and there are $250 annual limits for each treatment. However, you can get coverage for fecal testing, numerous vaccines, wellness exams, and dental cleanings.

There is even a platinum-level preventative plan for $24.95 each month with $450 per item limits annually. It will cover higher levels of fecal testing, various vaccinations, wellness exams, and dental cleanings. However, there is also extra coverage for spaying and neutering.

 

What’s Not Covered?

 

Spot Pet Insurance will exclude any conditions that were pre-existing prior to the conclusion of a two-week waiting period. Additional exclusions include anal gland expression, elective procedures, breeding, whelping, organ transplants, herbal products, pregnancy, boarding, and cosmetic or aesthetic procedures.

 

Cost Considerations

 

Spot Pet Insurance excels with the number of customization options available. Two standard plans are offered, but you get multiple options across your deductibles, annual limits, and reimbursement rates.

Deductibles start as low as $100 and go as high as $1,000, but there are interval options at $250, $500, and $750.

Annual limits start at $2,500. You can also choose from $3,000, $4,000, $5,000, $7,000, and $10,000. You can also choose from the unlimited options.

Reimbursement rates run the usual industry gamut. Choose from 70%, 80%, and 90%.

The flexible pricing makes Spot Pet Insurance potentially one of the most affordable options if you don’t opt for unlimited coverage. You can also add gold or platinum preventative care options at affordable flat rates to even the limited plans.

Assuming 80% reimbursement and a $500 deductible, you can cover many dogs for $40 a month and cats for $22 per month.

Discounts are available for company employees if their employer is enrolled in Spot Pet Insurance benefits. You can also get a 10% multi-pet discount.

 

Frequently Asked Questions

 

Do you still have questions about Spot Pet Insurance? Some common questions are listed below:

 

How Long Is Their Waiting Period?

 

Spot Pet Insurance has a 14-day waiting period. This is rather surprising for accidents, as many other pet insurers don’t make policy owners wait so long for everything. Any conditions or injuries that happen in the first two weeks of you making payments won’t be eligible for claims after the waiting period is over.

 

Should I Get Spot Pet Insurance?

 

Spot Pet Insurance works well for certain households, depending on their situation. If you’re looking for very economical coverage, then the accident-only plan is very competitive with its pricing. Also, if customization is something you enjoy, then take advantage of their above-average number of options for deductibles and annual limits. Being able to tailor your plan coverage options to such a high degree is uncommon among pet insurance carriers.

Unlimited insurance coverage is also not always available from all pet insurance providers. While the unlimited coverage here is likely to cost significantly more than any of the limited accident-only or comprehensive plans, you’ll know that you’re never going to hit an annual ceiling for your coverage.

 

Does This Pet Insurance Handle Pre-Existing Conditions?

 

Anything diagnosed or originally symptomatic prior to enrollment or inside the waiting period of 14 days won’t be eligible for claims when the policy does become active. Having said that, certain curable conditions are possibly covered, but not until around six months after coverage goes into effect.

 

How Can I Reach Their Customer Service?

 

Spot Pet Insurance has customer service available via phone call, website form, or email on weekdays. They operate from 8:00 a.m. until 8:00 p.m. in the Eastern Standard Time zone. You can also submit claims or do policy management via the customer portal. They are closed on weekends.

 

Key Takeaways

 

The three biggest features Spot Pet Insurance has going for it include customization options, affordable coverage, and potentially unlimited coverage. Two notable drawbacks are a lack of weekend customer service and unusually long waiting periods on certain items.

 

 

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