Figo Pet Insurance: In today’s world, pet owners are increasingly prioritizing their pets’ health and well-being. As veterinary care costs rise, more people are turning to pet insurance to ensure they can provide the best care for their furry companions. Among the standout options in the pet insurance market is Figo Pet Insurance. Known for its modern approach, robust coverage options, and technology-driven solutions, Figo has become a popular choice for pet owners seeking a comprehensive and hassle-free insurance experience. In this article, we’ll explore Figo Pet Insurance in detail, covering its history, unique features, coverage options, costs, and how it compares to other providers.
What Is Figo Pet Insurance?
Figo Pet Insurance is a Chicago-based pet insurance company that was founded in 2013. Figo distinguishes itself from traditional pet insurers by combining comprehensive coverage with innovative technology. The company is underwritten by Independence American Insurance Company, ensuring financial reliability.
Figo’s approach revolves around simplicity, transparency, and convenience. Its policies are designed to cover a wide range of medical expenses, and its award-winning Pet Cloud app offers pet owners a seamless way to manage their policies, file claims, and even connect with other pet parents.
Why Choose Figo Pet Insurance?
- Comprehensive Coverage: Figo offers extensive coverage for accidents, illnesses, hereditary conditions, and more.
- Technology-Driven Approach: The Pet Cloud app simplifies policy management and provides additional features like reminders, pet-friendly locations, and a virtual pet passport.
- Customizable Plans: Pet owners can tailor their policies with adjustable annual limits, reimbursement rates, and deductibles.
- Fast Claims Processing: Most claims are processed within 2-3 business days, making it one of the fastest in the industry.
- 24/7 Virtual Vet Access: Figo’s policies include access to a licensed veterinarian through their telehealth service.
- Global Coverage: Figo policies cover treatments anywhere in the U.S., Canada, and Puerto Rico, and emergency care abroad.
Coverage Options
Figo Pet Insurance offers three primary plans with customizable options to suit different budgets and needs. Here are the details:
1. Essential Plan
The Essential Plan is Figo’s most basic option, offering coverage for:
- Accidents and injuries
- Illnesses
- Diagnostic testing
- Hospitalization
- Emergency care
- Surgeries
- Cancer treatments
2. Preferred Plan
The Preferred Plan includes everything in the Essential Plan and adds:
- Coverage for hereditary and congenital conditions
- Chronic conditions (e.g., arthritis, diabetes)
- Alternative therapies (e.g., acupuncture, chiropractic care)
3. Ultimate Plan
The Ultimate Plan is Figo’s most comprehensive option and offers:
- Unlimited annual benefits
- Full coverage for all treatments under the Essential and Preferred plans
- Coverage for prosthetics and orthopedics
Key Features and Benefits
- Customizable Policies: Figo allows pet owners to adjust annual limits (from $5,000 to unlimited), reimbursement rates (70%, 80%, or 90%), and deductibles ($100 to $750).
- No Upper Age Limits: Figo accepts pets of all ages, making it an excellent choice for older pets.
- 24/7 Virtual Vet: Policyholders can consult with a licensed veterinarian anytime, anywhere, through Figo’s telehealth service.
- Pet Cloud App: This app serves as a one-stop solution for policy management, claims filing, medical record storage, and reminders for vaccinations and medications.
- Fast Claims Processing: Claims are typically processed within 2-3 business days, with reimbursements sent via direct deposit.
- Global Coverage: Figo policies are valid in the U.S., Canada, and Puerto Rico, with emergency care covered during international travel.
- No Network Restrictions: Pet owners can visit any licensed veterinarian, specialist, or emergency clinic.
Cost of Figo Pet Insurance
The cost of Figo Pet Insurance varies depending on factors such as:
- Pet’s Age: Older pets tend to have higher premiums.
- Breed: Certain breeds prone to genetic conditions may have higher premiums.
- Location: Veterinary costs vary by region, influencing insurance rates.
- Plan and Customization: Higher annual limits, reimbursement rates, and lower deductibles increase premiums.
On average:
- Monthly premiums for dogs range from $30 to $100.
- Monthly premiums for cats range from $20 to $50.
- Adding optional riders, such as wellness care, will increase the total cost.
Optional Add-Ons
Figo offers a range of optional add-ons to enhance coverage, including:
- Wellness Care: Covers routine expenses like vaccinations, flea and tick prevention, spaying/neutering, and dental cleanings.
- Exam Fee Coverage: Includes the cost of exam fees for covered conditions, which are typically excluded from standard policies.
- Rehabilitation and Physical Therapy: Covers treatments like hydrotherapy, physical therapy, and mobility aids.
Exclusions
While Figo offers extensive coverage, there are certain exclusions, such as:
- Pre-existing conditions (any condition present before coverage starts)
- Elective procedures (e.g., ear cropping, tail docking)
- Breeding-related expenses
- Cosmetic or preventive surgeries
How to Enroll
Getting started with Figo Pet Insurance is easy:
- Visit the Website: Go to Figo’s official website and get a free quote.
- Provide Pet Details: Enter basic information about your pet, such as breed, age, and location.
- Choose a Plan: Select a plan and customize it to fit your needs and budget.
- Review and Enroll: Complete the enrollment process by reviewing the policy and providing payment details.
Comparison with Other Pet Insurance Providers
| Feature | Figo | Healthy Paws | Embrace | Nationwide |
|---|---|---|---|---|
| Accident & Illness Plan | Yes | Yes | Yes | Yes |
| Wellness Add-On | Yes | No | Yes | Yes |
| Virtual Vet Access | Yes (24/7) | No | No | No |
| Unlimited Coverage | Yes (Ultimate) | Yes | No | No |
| Pet Cloud App | Yes | No | No | No |
| Exotic Pet Coverage | No | No | No | Yes |
Customer Reviews and Feedback
Figo Pet Insurance has received positive feedback for its modern approach and customer-centric policies. Customers praise:
- Pet Cloud App: Many find the app convenient for managing policies and filing claims.
- Fast Claims Processing: Policyholders appreciate the quick turnaround time for reimbursements.
- Comprehensive Coverage: The wide-ranging coverage is ideal for pet owners seeking peace of mind.
Some customers, however, have noted:
- Premium Increases: Premiums may rise significantly as pets age.
- Exclusions for Pre-existing Conditions: Like most insurers, Figo does not cover pre-existing conditions.
Figo Pet Insurance is an excellent choice for pet owners seeking modern, comprehensive coverage backed by innovative technology. Its customizable plans, 24/7 virtual vet access, and user-friendly Pet Cloud app make it a standout option in the pet insurance market. While premiums may vary, the peace of mind Figo provides is invaluable.
If you’re looking for a pet insurance provider that prioritizes convenience, transparency, and robust coverage, Figo Pet Insurance is worth considering. Invest in a policy today to ensure your pet receives the care they deserve, no matter what life brings their way.
