PetSmart Pet Insurance: Why It’s Worth Considering

Pet lovers know that their furry friends are more than just animals—they’re members of the family. As such, they deserve the best care possible, and that often includes medical treatment. However, vet bills can add up quickly, especially in the event of an unexpected illness or injury. Pet insurance can help offset those costs and provide peace of mind. One company that offers pet insurance is PetSmart, an American retail chain that specializes in pet supplies and services. But is PetSmart pet insurance a good option for your pet? Let’s take a closer look.

What Is Pet Insurance?

Pet insurance is similar to human health insurance, but for animals. It is designed to help pet owners cover the costs of unexpected veterinary bills, such as emergency surgery, cancer treatments, or chronic illnesses. Depending on the policy, pet insurance can also cover routine care, such as vaccinations and teeth cleaning. Like health insurance, pet insurance involves paying a monthly premium in exchange for coverage. The cost of coverage can vary widely depending on factors such as the pet’s breed, age, and health history, as well as the level of coverage desired.

What Is PetSmart?

PetSmart is a retail chain that specializes in pet supplies and services. It was founded in 1986 and is headquartered in Phoenix, Arizona. PetSmart operates more than 1,650 stores across the United States, Canada, and Puerto Rico. In addition to pet food, toys, and accessories, PetSmart offers grooming services, training classes, and veterinary care. In 2019, PetSmart partnered with Nationwide, a leading provider of pet insurance, to offer PetSmart pet insurance to its customers.

What Does PetSmart Pet Insurance Cover?

PetSmart pet insurance offers several levels of coverage to fit a range of budgets and needs. The company’s policies cover accidents, illnesses, and hereditary and congenital conditions. Depending on the policy, coverage can also include alternative therapies, such as acupuncture and chiropractic care, as well as prescription medications and behavioral therapy. PetSmart pet insurance does not cover pre-existing conditions, elective procedures, or cosmetic treatments.

How Does PetSmart Pet Insurance Work?

To purchase PetSmart pet insurance, pet owners can visit a PetSmart store or apply online. The application process is quick and easy, and coverage can begin immediately. PetSmart pet insurance policies are underwritten by Nationwide, which has been providing pet insurance for more than 30 years. Once enrolled, pet owners pay a monthly premium and are responsible for any deductibles, co-pays, or out-of-pocket expenses, depending on the policy. When a pet needs medical care, the owner can take them to any licensed veterinarian in the United States or Canada. After treatment, the vet will provide an itemized bill, which the owner can submit to PetSmart pet insurance for reimbursement. Reimbursement is typically processed within a few days, depending on the policy.

What Are the Pros of PetSmart Pet Insurance?

There are several benefits to choosing PetSmart pet insurance:

What Are the Cons of PetSmart Pet Insurance?

While PetSmart pet insurance has many benefits, there are a few potential drawbacks to consider:

Is PetSmart Pet Insurance Worth It?

Whether PetSmart pet insurance is worth it depends on a variety of factors, including your pet’s age, health, and lifestyle, as well as your budget and level of risk tolerance. Some pet owners prefer to save money on premiums by setting aside a dedicated savings account for unexpected vet bills, while others prefer the peace of mind that comes with having comprehensive insurance coverage. Ultimately, the decision is up to you. But if you do choose to purchase PetSmart pet insurance or any other pet insurance policy, be sure to read the terms and conditions carefully, understand the exclusions and limitations, and compare policies from multiple providers to find the best fit for your pet and your wallet.

FAQ

What is a pre-existing condition?

A pre-existing condition is a health condition that your pet had prior to enrolling in pet insurance coverage. Pet insurance policies typically do not cover pre-existing conditions, as they are considered a known risk and thus are not insurable.

What is a deductible?

A deductible is the amount of money that you are responsible for paying out of pocket before your pet insurance coverage kicks in. Deductibles can vary widely depending on the policy, and can be per-incident, per-condition, or per-year.

What is a co-pay?

A co-pay is the percentage of the vet bill that you are responsible for paying after your deductible has been met. Similar to deductibles, co-pays can vary depending on the policy.

Can I choose any veterinarian?

Yes, PetSmart pet insurance policies allow you to take your pet to any licensed veterinarian in the United States or Canada. However, keep in mind that some policies may require pre-authorization for certain treatments or procedures.

How do I submit a claim?

After your pet receives medical treatment, ask your veterinarian for an itemized bill. You can then submit the bill and any required documentation to PetSmart pet insurance for reimbursement. Claims can be submitted online or by mail.

How long does it take to receive reimbursement?

Reimbursement times can vary depending on the policy and the complexity of the claim. However, most PetSmart pet insurance policies offer swift reimbursement, typically within a few days.

Can I cancel my policy?

Yes, you can cancel your PetSmart pet insurance policy at any time. However, keep in mind that some policies may have a cancellation fee or require specific notice periods.

What happens if I miss a payment?

If you miss a payment, your PetSmart pet insurance policy may be canceled. However, some policies offer a grace period to allow you to catch up on payments before canceling coverage. Be sure to read the terms and conditions of your policy carefully.