As a pet owner, you want the best for your furry friends, and that includes ensuring they’re protected from unexpected illnesses or accidents. Pet insurance is a great way to give your pet the care they deserve without breaking the bank. One popular option to consider is Figo Pet Insurance. But is Figo the right provider for you and your pet? In this review, we’ll dive into all the important details about Figo Pet Insurance, including its coverage, pricing, pros, cons, and more.
Key Features of Figo Pet Insurance:-
Figo Pet Insurance is known for offering comprehensive coverage with some unique benefits that make it stand out in the pet insurance market. Here are some of the key features:
- Comprehensive Accident & Illness Coverage: Figo covers both accidents and illnesses, including chronic conditions, cancer treatments, and hereditary issues.
- Lifetime Benefits: Figo provides lifetime coverage without any payout limits, so your pet will be covered for their entire life.
- Customer-Focused Service: Figo is recognized for its excellent customer service, offering easy access to claims and 24/7 support.
- Mobile App for Claims: Figo’s app allows you to submit claims quickly and track your claims status right from your phone.
- 30-Day Money-Back Guarantee: If you’re not satisfied with your policy within the first 30 days, Figo offers a full refund (minus any claims paid).
Rating: How Figo Measures Up
When it comes to choosing a pet insurance provider, ratings from customers and industry reviewers matter. Let’s see how Figo fares:
- Customer Satisfaction: Figo has generally high customer satisfaction, particularly for its fast claims process and helpful customer support.
- Industry Ratings: Figo consistently earns high ratings on platforms like Consumer Affairs and Trustpilot, with an average of 4.5/5 stars or higher.
- BBB Accreditation: Figo is accredited by the Better Business Bureau, a sign of trust and reliability in the pet insurance industry.
Overall Rating: 4.6/5 stars
Pros and Cons of Figo Pet Insurance
Figo offers many benefits, but like every pet insurance provider, it has its limitations. Here’s a breakdown of the pros and cons:
Pros:
- Comprehensive Coverage: Figo covers a wide range of accidents, illnesses, chronic conditions, and hereditary issues.
- No Annual or Lifetime Payout Limits: There’s no cap on the amount you can claim for your pet’s lifetime care.
- Fast Claims Process: Claims are typically processed quickly, with most claims paid within 7-10 days.
- Customizable Plans: You can adjust your deductible and reimbursement levels to fit your budget and needs.
- Affordable Pricing: Premiums are competitive and affordable, especially for younger pets.
- 24/7 Access: Figo’s mobile app and website let you access your policy and submit claims anytime.
- 30-Day Money-Back Guarantee: You can cancel your policy within the first 30 days for a full refund.
Cons:
- No Wellness Coverage: Figo doesn’t cover routine care like vaccinations, flea/tick prevention, or spaying/neutering.
- Pre-existing Conditions Not Covered: Any condition your pet had prior to signing up isn’t covered.
- Higher Premiums for Older Pets: Pets over 6 years old may see higher premiums.
- Breed Restrictions: Certain high-risk breeds may have limited coverage or higher premiums.
- Orthopedic Waiting Period: Figo has a 12-month waiting period for orthopedic conditions, such as hip dysplasia.
Maximum Enrollment Age and Eligibility:-
Figo has an age limit for new policyholders. Pets must be under 14 years old to enroll, although certain breeds may have different eligibility requirements. If your pet is older than 14, they may not be eligible for new coverage. However, if your pet is already insured by Figo and reaches the age limit, they can continue their coverage as long as the policy is active.
Eligibility Requirements:
- Age Limit: Must be under 14 years old to sign up.
- Breed Restrictions: High-risk breeds may have limited coverage.
- Pre-existing Conditions: Figo won’t cover any pre-existing conditions.
What Figo Pet Insurance Covers & Doesn’t Cover :-
What Figo Covers:
- Accidents: Broken bones, cuts, burns, or toxic ingestion.
- Illnesses: Conditions like cancer, arthritis, infections, and respiratory problems.
- Chronic Conditions: Conditions like diabetes, allergies, and heart disease (after the waiting period).
- Hereditary Conditions: Coverage for some hereditary conditions, provided they are not pre-existing.
- Emergency Care: ER visits, surgeries, and overnight hospital stays.
- Diagnostic Tests: Blood tests, X-rays, MRIs, and CT scans for injuries or illnesses.
- Medications: Prescription drugs for covered conditions.
- Specialist Visits: Consultations with specialists for covered conditions.
What Figo Doesn’t Cover:
- Pre-existing Conditions: Any condition your pet had before enrollment.
- Routine Care: Wellness exams, vaccinations, flea/tick prevention, and spaying/neutering.
- Cosmetic Surgery: Elective surgeries such as tail docking, ear cropping, or teeth cleaning.
- Pregnancy and Birth-Related Issues: Costs related to pregnancy or birth complications.
- Behavioral Treatment: Behavior modification or training services.
- Experimental Treatments: Non-FDA approved or experimental treatments.
- Pet Grooming: Grooming services like haircuts and nail trims.
- Non-Medical Expenses: Boarding, pet food, or travel expenses related to treatment.
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Coverage Plans & Pricing of Figo Pet Insurance :-
Figo offers three main coverage options: Essential Plan, Preferred Plan, and Ultimate Plan. Each plan provides a different level of coverage, allowing you to choose the best option for your pet’s needs and your budget.
| Coverage Option | Monthly Premium (Dogs) | Monthly Premium (Cats) | Deductible | Reimbursement Percentage | Annual Coverage Limit | Waiting Period |
|---|---|---|---|---|---|---|
| Essential Plan | $20 – $50 | $15 – $40 | $100 – $500 | 70%, 80%, 90% | Unlimited | 15 days (Illnesses) |
| Preferred Plan | $30 – $60 | $20 – $50 | $100 – $500 | 80%, 90%, 100% | Unlimited | 15 days (Illnesses) |
| Ultimate Plan | $40 – $80 | $30 – $70 | $100 – $500 | 90%, 100% | Unlimited | 15 days (Illnesses) |
Additional Notes:
- Deductibles: Choose a deductible between $100 and $500, based on your budget.
- Reimbursement Levels: Options include 70%, 80%, 90%, and 100% reimbursement after the deductible.
- Annual Coverage Limit: Figo offers unlimited coverage with no annual or lifetime payout limits.
- Waiting Period: Figo has a 15-day waiting period for illnesses, a 2-day waiting period for accidents, and a 12-month waiting period for orthopedic conditions.
Pricing Based on Dog Breed Types :-
Pricing can vary based on the breed, age, and location of your pet. Here’s an estimate of premiums for different dog breeds
| Dog Breed | Plan Type | Monthly Premium (Estimate) | Deductible | Reimbursement Percentage | Annual Coverage Limit | Waiting Period |
|---|---|---|---|---|---|---|
| Small Dogs | Essential Plan | $20 – $40 | $100 – $500 | 70%, 80%, 90% | Unlimited | 15 days |
| Medium Dogs | Preferred Plan | $30 – $50 | $100 – $500 | 70%, 80%, 90% | Unlimited | 15 days |
| Large Dogs | Ultimate Plan | $40 – $70 | $100 – $500 | 80%, 90%, 100% | Unlimited | 15 days |
For the most accurate pricing, it’s best to request a personalized quote directly from Figo.
FAQ: Figo Pet Insurance
1.Who owns Figo Pet Insurance? Figo Pet Insurance is owned by Figo Pet Insurance, LLC, a company that specializes in pet health insurance in the U.S.
2.Is Figo Pet Insurance worth it? Figo is considered worth it by many pet owners for its comprehensive coverage, fast claims processing, and high customer satisfaction ratings.
3.Does Figo insurance go up with age? Yes, premiums may increase as your pet ages, especially for older pets.
4.How long does it take for Figo to process claims? Figo typically processes claims within 7-10 business days, depending on the complexity.
5.Does Figo cover vet exam fees? Figo covers exam fees if they are related to covered illnesses or injuries, but not for routine checkups.
6.Can I cancel my Figo policy? Yes, you can cancel your policy at any time. If you cancel within 30 days of enrolling, Figo offers a full refund (minus any claims paid).
Conclusion:
Figo Pet Insurance is a strong contender in the pet insurance market, with comprehensive coverage options, fast claims processing, and a user-friendly mobile app. While it doesn’t cover routine care or pre-existing conditions, its lifetime benefits and customizable plans make it a solid choice for many pet owners. If you’re looking for reliable, flexible pet insurance, Figo is definitely worth considering.