What we like:
Short waiting period for orthopedic conditions
|Monthly Premium||Dog: $13|
|Deductible||$100 – $1,000|
|Coverage||Accidents, illness, behavioral therapy, and prosthetic limbs|
Embrace pet insurance, founded by two Wharton MBA business school graduates in 2003, is a pet insurance company headquartered in Cleveland, Ohio. The company offers a range of pet insurance products for puppies and dogs, kittens and cats, as well as a variety of educational resources on caring for pets at any stage in their life. This Embrace pet insurance review will look at the current options available to pet owners throughout the United States, as well as the limitations surrounding a pet’s age, current health, and medical history.
What is Embrace Pet Insurance?
Embrace pet insurance is a smaller pet insurance provider partnered with American Modern Home Insurance Company, a member of the American Modern Insurance Group. The company operates on a core set of values focused on pet owners and the well-being of their pets, including open and honest communication, customer fixation, giving back to the community, taking corporate responsibility, and continually seeking innovation in the pet insurance space. Embrace’s leadership and employees take pride in providing high-quality pet coverage for dogs and cats, as most of them are pet owners themselves.
The Benefits of Embrace
Pet owners have a handful of options for pet insurance coverage with Embrace, including what the company calls nose-to-tail comprehensive coverage. Insurance underwritten by Embrace is intended to protect pet owners from the high cost of veterinary care needed when a dog or cat experiences an accident or illness. Embrace offers coverage for the following:
- Breed-specific conditions
- Cancer treatment
- Diagnostic testing and imaging
- Prosthetic limbs and mobility aids
- Hospitalization, nursing care, and surgery
- Therapy and rehabilitation
- ER and specialist care
- Prescription drug coverage included in all policies
- Behavioral therapy
Embrace also offers an optional Wellness Rewards policy that covers routine check-ups each year, spaying and neutering procedures, vaccines and boosters, heartworm medication, and teeth cleaning.
Pet owners who use Embrace pet insurance can personalize their policy based on their financial needs. This means policyholders can select the annual maximum paid out by Embrace, the deductible due before coverage kicks in, and the percentage of reimbursement. The more coverage a policyholder selects, the higher the monthly premium. Embrace does offer several discounts for pet owners, including a spay or neuter discount, a multi-pet discount, an annual pay discount, a military discount, and a PennHIP tested discount, all of which amount to a 5% reduction in premium costs.
The Costs and Drawbacks
Embrace pet insurance ranges in cost based on the location of the policyholder/pet, the age of the dog, and the amount of coverage selected. As an example of current prices, a pet owner with a large, single breed dog can expect to pay between $30 and $35 per month for coverage, assuming a $500 deductible and a reimbursement of 80%. Adding the Wellness Rewards optional coverage, which covers routine exams, vaccinations, heartworm medication, spay or neuter surgery, and blood tests, adds between $18 and $46.95 per month to the policy premium.
Although Embrace pet insurance offers comprehensive coverage as well as personalized policies, there are some drawbacks for pet owners. As a reimbursement model, policyholders must pay all vet bills first, and then submit a claim form directly to Embrace once the care is complete.
Also, pet owners are subject to an annual limit paid out by Embrace pet insurance of $30,000, and reimbursement may only extend up to 90% of eligible care costs. Embrace also has a number of exclusions that do not qualify for reimbursement, including any pre-existing conditions, breeding and pregnancy, injury or illness from fighting or racing, DNA testing and cloning, organ transplants, treatment for illnesses related to teeth or gums, and cosmetic procedures.
Pet owners are also subject to a waiting period, depending on the illness or condition the pet experiences. Embrace pet insurance reserves the right to change a policy’s premium each year based on the health care trends of the covered pet which may result in a premium increase.4.74 Embrace Pet Insurance