Figo Pet Insurance Review
- August 26, 2017
- Posted by: Jeff Gitlen
- Category: Pet Insurance
Figo Pet Insurance began in 2013, created in Google’s Tech Hub Network in Chicago, Illinois which is called 1871. Being surrounded by other tech innovators, they decided to approach their business differently. With Figo Pet Insurance, members can rely on solid insurance and ever-improving technology.
Figo Pet Insurance works with Markel Specialty which comes from the Markel Corporation, a company that has been around since the 1930s. This Figo pet insurance review will look into Figo's online platform and why it makes pet insurance easy for pet owners.
What is Pet Insurance?
Pet insurance provides owners with less worry about how to pay for their pet’s healthcare. Figo offers a variety of choices and customizable policies for pet owners.
With a Figo policy, your pet can visit any licensed veterinarian, specialist, or emergency center. Figo will then reimburse up to 100 percent of the vet bill, and some plans offer unlimited coverage with no limits on claims payouts.
Figo offers three flexible plans so pet owners can customize the annual deductible as well as the reimbursement percentage. With so many options, pet insurance sounds like a must-have for those who worry about their pets getting sick or injured.
How Does Figo Pet Insurance Work?
As listed on the Figo website, simply purchase the best pet insurance plan for your needs, find a local veterinarian, and submit bills online for reimbursement.
These days, with high bills from veterinarians, pet insurance might be a good idea. Some veterinarian bills can cost thousands of dollars, but there is also a monthly bill or yearly fee to consider when your pet isn’t sick.
The Pros of Pet Insurance
- Save money on unexpected veterinarian bills
- Insurance reps are easily reached by phone or email
- Highly recommended on various websites, such as TrustPilot
- Users say the app is easy to navigate for checking claims
The Cons of Pet Insurance
- Spend an added monthly fee, even if your pet is well
- Some claims aren’t approved, such as diagnostic bloodwork
- Claims can be confusing, and they don’t cover pre-existing conditions
- The reimbursement checks are mailed, so it can take some time for them to arrive
So What Are the Real Costs?
According to Figo’s website, the average cost is less than $1.50 per day, roughly $45 a month, but all plans are different. As for the coverage involved, there are three plans: Essential, Preferred, and Ultimate.
The Essential plan covers $10,000 annual claims for accidents and illnesses. The Preferred plan covers $14,000, along with emergency boarding fees, advertising for a lost pet (plus reward), and reimbursement for theft or straying.
The Ultimate plan has no annual claim limit, and it also covers the emergency boarding fee, lost pet advertising (plus reward), lost reimbursement, straying reimbursement, emergency vacation cancellation, and unexpected death reimbursement.
The deductible is annual with options of $50, $100, $200, and $500, and reimbursement options at 100 percent, 90 percent, 80 percent or 70 percent. There is also a one-time enrollment fee of nine dollars when you sign up.
While prices vary, some examples include dogs of mixed breeds around $31 per month and generally ranges around $30-50 per month. For cats, the average ranges from $24-34 dollars per month.
To get your own specific quote, simply visit the website as each plan is different based on various options.
Customer Satisfaction for Figo Pet Insurance
Based on nearly 300 reviews between TrustPilot and Yelp!, Figo gets 4/5 stars for Customer Reviews and Expert Reviews and 5/5 stars for Claims, Waiting Periods, and Ease of Enrollment.
Specifically, TrustPilot gives a 9.5/10 review with users giving quotes like “FIGO has been a lifesaver,” “Communication with Figo is easy, fast, and meets today’s technology demands,” along with “Super impressed with Figo. I recommend them to all of our friends.”
The occasional negative reviews on the site complain about not covering a claim such as diagnostic bloodwork or confusions with a voucher. For nearly every negative review, Figo appears to personally respond with an explanation or a fix for the complication.
Overall, Figo Pet Insurance offers an array of options for pet owners. In order to get an exact quote for your pet, log on to the website and fill out their form.