Hi to all of you, I am just trying to gather as much information as I can about people’s experiences with their carriers, particularly with regard to price hikes over time, to add to this topic.
This might be quite helpful in the long run and save a lot of animal lives because we don’t have many options up here.
If you have a provider, kindly let us know where you live, who it is, how long you have been with them, whether your premium or deductible has increased over the course of the policy, and whether the provider introduced any exclusions at the time of renewal.
Kindly provide anything else you feel is pertinent. I sincerely appreciate your contributions in advance.
I presently have furkin, but I am concerned that premiums will go up, I will not be able to pay them in the future, and my dog will not be covered because of a large list of pre-existing problems.
1.5 years old Maximum benefit of the Nova Scotia Ducktolling Retreiver Victoria BC Furkin is $20,000. $100.00 is the annual deductible. 80% of reimbursements are made.
Two months old at enrollment $101.87 was the first premium. Year Two Preference: $112.24 No further disclaimers
I apologize for the limited size of the subreddit; given how few people in the US and Canada get pet insurance, this makes sense. In Canada, it affects approximately 3% of the population, and I believe the same is true in the US. I believe you are dealing with many of the same issues that the US is dealing with, particularly consolidation. At the time of last count, JAB Holdings owned roughly ten pet insurance firms here in the United States! Crazy. I believe PetLine owns a number of Canadian businesses. Increases in premiums also worry me. I will keep my policy as long as I can by raising the deductible and other costs. In addition, I am saving money in case I ever need to purchase my own insurance. My previous dog passed away in 2023, but since her premium was not too high, I kept her until she aged 16 years old. I am not sure if I was fortunate or if they had not reached me with a significant increase yet.
Thank you for your response. I am signing up with fetch as a secondary policy to try and hedge against this issue. I figure if one provider practices extreme insurance rate hikes at least the other will stay moderate and I can pick which one to continue moving forward with.
Please exercise caution. I am not sure if this applies to Canada as well, but in the US, my policy has a particular language that states that my insurance company would not pay out if I have another pet insurance policy. I am unable to hold two policies for the same pet because most of the companies here include that language in their policies, most likely to prevent insurance fraud situations double dipping. However, Canada might be an exception.
Fortunately, both of my providers agreed when I called them. The new policy would only cover the excess over what my primary insurer does not pay. It would only function as a secondary policy. My secondary insurance would take over as my primary in the event that the premiums on my primary insurance were unaffordable.