In a Nutshell
pros
- Dental cover
- No lifetime caps
- Optional wellness add-on
cons
- Low per-incident limits
- Hereditary coverage for Level 3 plan
Highlights
- Three levels of cover
- Affordable prices
- 30-day money back guarantee
What’s Covered By PetPremium?
PetPremium has 3 levels of cover.
Level 1 is an accident-only plan. However, coverage extends to ongoing conditions, which are conditions that last longer than one policy period.
Level 2 adds illness cover to your policy. This includes diagnostic tests, hospitalization, surgery and prescription medication.
Level 3 is PetPremium’s most comprehensive plan. Besides accident and illness cover, you’ll also get cover for hereditary and congenital conditions, alternative therapy and behavioral therapy.
PetPremium also offers wellness cover on all 3 levels as an optional add-on. There are two levels of wellness cover - Routine and Advanced. Both cover the same wellness expenses, but the Advance plan has higher payouts.
Limits and Deductibles
PetPremium’s policies do not have any lifetime caps.
However, they do have per-incident limits:
- Level 1 pays out up to $2,500 per incident
- Level 2 pays out $3,000 per incident
- Level 3 pays out $5,000 per incident
Policies are also subject to an annual deductible. You can set your deductible at $100, $250 or $500 per year.
Value For Money
Prices for a Level 1 accident only policy start at $9.65, which is quite cheap. The price of a Level 3 plan - the highest level of cover possible - for a small cat, would only set you back $27.35 a month. This is much cheaper than a comparable level of cover from some other insurers, making it a great basic plan for the budget consious pet owner.
Age Limits
PetPremium does not have any age limits. You can start a PetPremium plan for your cat or dog at any stage of their life.
However, dogs over 9 years old and cats over 11 years old won’t be covered for ongoing conditions. This can be a problem, since older pets are more at risk of developing ongoing conditions. The age threshold is set quite low.
The Fine Print: What Isn’t Covered
Like most other insurers, PetPremium does not cover pre-existing conditions, including bilateral conditions. There is also a cap on the number of foreign object ingestions your pet can be treated for in a given policy period.
Unfortunately, PetPremium only covers expenses it considers ‘usual and customary’, so it may be hard to know what’s covered. Unlike other insurers, PetPremium does make it clear that what is “usual and customary” is not just dependent on what is normally charged in your area, but also on what they determine using “proprietary data.” While the fact remains that this is all subjective, PetPremium is up-front about it.
Conclusion
PetPremium offers good quality pet insurance policies at a very competitive price. While it does have relatively low per-incident caps, the level of cover offered at this price point is simply unheard of. This makes PetPremium a great choice if you’re on a tight budget but still want comprehensive cover for your pet.
