Best Pet Insurance for Dogs Canada

October 14, 2020 | Editorial Team

Pet Insurance for Dogs?

When comparing the most common types of pet insurance, dogs are the pet that are most popular in Canada today. That’s primarily because dog treatments cost hundreds, if not thousands of dollars. They are by far the most expensive pet to keep, especially as the dog gets older.

We love our dogs; most owners take their responsibility seriously. Aside from food, accessories, and chew toys, veterinary checkups and visits can be painfully expensive for owners. The cost of wellness care is sometimes high, especially for a dog. Thankfully dog insurance can help.

In terms of insurance for pets, Canada has plenty of plans, many of them make insuring your pet affordable.

How Does Pet Insurance Work?

Your dog insurance covers a portion of your pet’s veterinary expenses. It protects you from the risks of having to pay expensive medical fees for your dog’s treatment.

Having dog insurance that covers costly bills is a wise investment. If your dog becomes sick or injured, simply:

  • Visit a certified vet.
  • Receive the relevant treatment.
  • Pay as you would normally.
  • Submit your claim for reimbursement.

You should always look for dog insurance plans that cover 80% to 90% of the cost of treatment. You will need to decide which treatments you want covering, and which you are willing to risk.

It will save you money in the long run, especially as your dog ages. If you don’t have coverage, you can be hit with vet bills that add up to be hundreds if not thousands of dollars. Often without any warning.

If major surgery is needed, you’ll have to cover those expenses. Having your dog insured saves you from the dilemma of having your dog put down because you can’t afford to pay the vet bill.

What Are the Best Pet Insurance Policies?

The best dog insurance provides coverage for both accidents and injuries. They also cover dog illnesses, exam fees, and a wide range of basic veterinary care services. Insurance costs vary depending on some key factors, including:

  • Pet breed. Some dog breeds are more susceptible to certain illnesses. Others have longer or shorter lifespans.
  • Age. The older a dog is, the more prone it’ll be to sicknesses. So it’s always cheaper to get your pup insured while they’re young.
  • Where you live. The environment you’re located in is also an important factor. Consider how likely your dog will need to get checkups for types of diseases that are common in your area.

When choosing the best cover for your dog, look for 80%+ coverage of all veterinary costs. You really want coverage for all essential medical care so there are not large vet bills to worry about.

As with most financial products, there is a huge variety of options available. It’s always important to pick dog insurance that fits your budget.

Policy costs are always dependent on how comprehensive you want the coverage to be. If you want to pay less per veterinary visit, then you will have to pay more in premiums each month. It’s a trade off between lower monthly payments or a higher reimbursement level.

Some providers also offer plans that let you set an amount for medical expenses you’d like them to cover each year. The amount you are reimbursed varies depending on the plan you take.

Important Terms

Here are some terms you need to understand when looking at pet insurance options:

  • The deductible. This is the amount you are required to pay (yearly or per medical visit) for a bill before the insurer pays you back. This ranges from $0 to $1,000.
  • The reimbursement level. This is a percentage of the total expenses that your insurer guarantees to pay back.
  • The annual max. This is the maximum amount your insurer will pay for medical expenses each year. Any charges incurred above the max will not be covered.

It is also important to be aware that the costs are also determined by the level of coverage you opt for. Additionally, some plans provide you with the option of buying add-ons. These cover options the pet insurance plan usually doesn’t cover, such as exam fees and prescription food.

Features and Coverages to Consider

Weigh your options carefully. Be mindful of your pet’s conditions and location. Then go for the most comprehensive pet insurance policy that fits your budget.

Here are some benefits that are good to include in your plan of choice:

  • accidents and illnesses
  • x-rays, scans, P E T scans
  • surgeries
  • diagnostics
  • medications
  • dental coverage
  • behavioural therapy
  • boarding or kennel fees
  • emergency care and hospitalization
  • no waiting period for treatment
  • eye conditions

Some policies also cover de-sexing and vaccinations. They also include emergency boarding fees if you are ever in a position where you are unable to care for your pets.

Note that most dog insurance plans don’t provide coverage for the following:

  • pre-existing conditions of your pet
  • elective procedures
  • behavioural problems
  • grooming

If you’re looking for the most comprehensive pet insurance Canada has to offer, Trupanion may be the best option for pet owners. Trupanion is a licensed insurance company that focuses exclusively on pet health. It was the first pet insurance company in Canada. Trupanion offers a wide variety of services to suit your pet’s needs.

The Bottom Line

In Canada, pet insurance is becoming more and more popular. Especially dog insurance. Getting dogs insured could save you thousands of dollars in veterinary care expenses over the lifetime of the dog. Having the right plan in place gives you peace of mind.

For many, pets are a member of the family. You would do anything to keep them healthy and safe. To ensure they live a long, happy life. The right policy makes if a lot easier and helps you manage future costs.

We have picked our favourite options, all you need to do is find the best dog insurance for your needs and get insured today.