Our consultants reply readers’ insurance coverage questions and write unbiased product critiques (this is how we assess insurance coverage merchandise). In some circumstances, we obtain a fee from our companions; nevertheless, our opinions are our personal.
While Costco is understood for its distinctive bulk grocery offers and vary of branded merchandise, it additionally companions with a number of corporations to supply insurance coverage, journey, and different branded companies. For instance, Costco gives discounted journey by its journey portal, Costco Travel, in addition to flat-screen TVs and different electronics, pharmacy, and optical companies.
Costco Pet Insurance by Figo
AM Best Financial Strength Rating
A-
- 15% low cost on all pet insurance policy from Figo
- Unlimited protection available
- 24/7 stay vet line and protection for all licensed vets within the US
- Claims should not paid on to vets. So policyholders should pay and look forward to reimbursement
- 6 month ready interval, all claims in that point will probably be thought-about preexisting situations
Costco Pet Insurance
Another product marketed to Costco members is its pet insurance coverage, supplied by a partnership with Figo. Costco pet insurance coverage gives safety from surprises prices related to caring for a pet, together with vet payments ensuing from damage or sickness.
Costco pet insurance coverage gives a 15% low cost for Gold Star and Business members. Costco Executive and Business Executive members can save much more. If you are curious whether or not Costco pet insurance coverage is price it, learn on to be taught extra about the way it works.
Costco Pet Insurance Cost
When you buy Figo pet insurance coverage as a Costco member, you will qualify for 15% off your premiums. However, the cost of pet insurance coverage nonetheless varies broadly primarily based on elements like the kind of pet, the age of the pet, the animal’s breed, and the way a lot protection you resolve to purchase.
To examine prices, we ran quotes for a number of animal profiles.
How to File a Claim With Costco Pet Insurance
Since Costco gives pet insurance coverage protection by Figo, all pet insurance coverage claims would undergo Figo. Fortunately, Figo gives a information to submitting claims on its web site outlining the precise steps it’s essential to take to get reimbursed for coated pet care prices.
The claims course of is best for members utilizing the Figo Pet Cloud. Users can file claims instantly on the Figo app by choosing the “claims” icon and answering a number of questions. From there, you add a replica of your pet care bill displaying a $0 steadiness and wait to get reimbursed.
Typically, you may get medical data submitted to the Pet Cloud by contacting your veterinarian to ship the paperwork to [email protected].
Before you file a declare, nevertheless, you will need to know precisely how your protection works. Note that every Costco pet insurance coverage coverage consists of the next elements:
- Annual profit: the full quantity in reimbursement you possibly can obtain inside a protection yr.
- Deductible: the quantity you pay earlier than your plan begins reimbursing for pet care bills.
- Reimbursement (coinsurance): the share Figo pays after you meet your deductible.
Imagine you opted for Costco pet insurance coverage with an annual good thing about $5,000, 80% coinsurance, and a deductible of $500. If your pet by accident ingests a deadly substance and wishes emergency surgical procedure costing $3,000, you’ll pay your entire pet invoice upfront. After that, you’ll get reimbursement of $2,000, which is 80% of the $2,500 left after your $500 deductible is met.
Costco Pet Insurance Plans
The Costco Pet Insurance by Figo plans are the identical ones customers should buy instantly from Figo with a Costco-exclusive low cost. Figo gives no annual limits, though plans with $5,000 or $10,000 yearly protection limits are additionally available.
Costco pet insurance policy allow you to select your deductible, which means you possibly can pay $100, $250, $500, or $750 upfront earlier than protection begins. Members additionally set their coinsurance to find out how a lot they may pay after their deductible is met and as much as the annual most. With Costco pet insurance coverage from Figo, reimbursement choices from the insurance coverage firm embrace:
- 70%
- 80%
- 90%
- 100% (Note: this reimbursement tier solely has $5,000 or $10,000 max limits. It is just not available with a limiteless plan)
Costco pet insurance coverage can cowl a spread of conditions resulting in large vet payments that might in any other case depart you in a pinch. What does pet insurance coverage cowl with Figo? A couple of examples embrace:
- Accidents and emergencies: Pet insurance coverage from Costco pays for medical care ensuing from an accident, together with dangerous ingestion, a automotive wreck, and extra.
- Cancer: If your pet is recognized with most cancers, your pet insurance coverage plan pays for surgical procedure, chemotherapy, and palliative care.
- Chronic situations: Pet insurance coverage also can cowl continual situations, excluding preexisting situations. A ready interval could apply, however for essentially the most half, it means situations recognized earlier than your protection begins.
- Common diseases: Pet insurance coverage pays for remedies and drugs when your pet turns into ailing with different frequent illnesses and situations.
- Hereditary and congenital points: Costco pet insurance coverage also can cowl remedies for well being points your pet inherits.
Figo Pet Insurance additionally gives pet mother and father a “Pet Cloud” to trace all healthcare data regarding their pet, together with vet visits, payments, and claims you filed. The Pet Cloud additionally gives a service to textual content a licensed veterinarian 24 hours each day. This will help you get fast and easy solutions to your pet care questions with out taking them to the vet.
What Is Not Covered by Costco Pet Insurance?
Like different pet insurance coverage corporations, Costco Pet Insurance by Figo lists gadgets and conditions not usually coated, together with the next:
- Preexisting situations: Figo excludes preexisting situations. However, if a selected sort of situation have been asymptomatic for not less than 12 months, it will be thought-about “cured.” Figo will cowl these situations.
- Breeding, being pregnant, or giving start: If your pet experiences being pregnant issues, your pet care plan is not going to present any protection. The identical applies to routine pet care ensuing from being pregnant. As such, Figo wouldn’t be an efficient pet insurance coverage firm for a lot of skilled breeders.
- Cosmetic procedures: Costco pet insurance coverage doesn’t cowl non-obligatory beauty procedures for pets, together with ear trimming, hair dying, or tail docking.
- Experimental procedures: Figo doesn’t cowl experimental well being care remedies.
- Most parasites: Many parasites should not coated by Figo pet insurance coverage, together with fleas, heartworm, and ticks.
- Pet cloning or cloned pets: Customers is not going to get any protection for pet cloning procedures. The website suggests cloned pets is not going to be eligible for protection.
Additional Coverage Options from Costco Pet Insurance
Figo gives a couple of totally different add-on plans you possibly can pay for on prime of conventional Costco pet insurance coverage choices. These further coverages could make pet care extra reasonably priced all year long. In addition, Costco pet insurance coverage riders could promote higher routine wellness protection.
- Extra care pack: This add-on protection consists of trip cancellation advantages, misplaced pet award advantages, pet boarding advantages when the proprietor is sick, third-party property harm legal responsibility protection price as much as $10,000, closing respects protection price as much as $250, and pet theft or loss protection price as much as $150.
- Veterinary examination charges: This protection pays for veterinarian examination charges ensuing from an accident or sickness and prescription meals. A most good thing about $250 per coverage time period applies.
- Wellness protection: Optional wellness protection pays for routine veterinarian visits, vaccines, spay or neuter procedures, tooth cleansing, microchipping, particular assessments, and deworming.
Costco Pet Insurance by Figo
AM Best Financial Strength Rating
A-
- 15% low cost on all pet insurance policy from Figo
- Unlimited protection available
- 24/7 stay vet line and protection for all licensed vets within the US
- Claims should not paid on to vets. So policyholders should pay and look forward to reimbursement
- 6 month ready interval, all claims in that point will probably be thought-about preexisting situations
FAQs
Costco pet insurance coverage is obtainable by an organization known as Figo.
Costco sells pet food, cat meals, and different requirements for animals. Many of its pet choices are manufactured by Costco.
Based on our inside examine, Costco canine insurance coverage prices $16.08 to $50.06 monthly, and cat protection will set you again between $6.48 to $15.01 monthly, relying on the protection you select.
You want a Costco membership to avoid wasting 15% off pet insurance coverage by Figo. However, you should buy Figo pet insurance coverage instantly with out being a Costco member.
Figo covers some curable preexisting situations in case your pet is symptom-free for not less than 12 months. However, many incurable preexisting situations should not coated, which means you can’t get protection to your canine or cat in the event that they have already got certainly one of these situations while you apply.
Some of the frequent preexisting situations not coated by Figo embrace the next:
- Allergies
- Arthritis
- Cancer
- Diabetes
- Epilepsy
- Heart illness
- Kidney illness
- Orthopedic situations
- Urinary blockage
Compare Costco Pet Insurance
See how Costco pet insurance coverage compares to a few various choices for protection: Healthy Paws, MetLife, and Nationwide.
Compare Costco Pet Insurance vs. Healthy Paws
Healthy Paws is a highly-rated pet insurance coverage firm providing limitless annual or lifetime payouts. This firm additionally gives cat and canine protection, and the location says most claims are processed inside two days of submission. Of course, for bigger or extra sophisticated claims, processing could take longer.
Healthy Paws permits you to take your pet to any licensed veterinarian, and it pays for eligible claims ensuing from most accidents and diseases. Of course, preexisting situations could be a pure exception.
Healthy Paws and Costco pet insurance coverage supply an app to handle your plan and claims. The two corporations additionally present comparable protection. When you are shopping for instantly from Figo, costs are comparable. However, Figo gives greater reimbursement charges in the event you’re prepared to pay extra, together with extra deductible choices primarily based on the quotes we received. If you purchase by Costco, your charges with Figo may even be extra aggressive, accounting for the low cost.
Healthy Paws Pet Insurance Review
Compare Costco Pet Insurance vs. Metlife
MetLife Pet Insurance protection can be bought for dogs or cats, masking accidents, diseases, surgical procedures, diagnostic assessments, and extra. Annual protection limits for the corporate’s pet insurance policy are as little as $2,000 and as excessive as $10,000. However, in contrast to Costco pet insurance coverage, MetLife doesn’t supply an possibility for limitless protection. A deductible of $250 to $2,500 additionally applies to pet plans, which pet mother and father should pay earlier than protection begins.
MetLife gives a spread of insurance policy clients bundle for reductions. However, its protection cannot compete, particularly in opposition to names like Figo (Costco’s pet insurance coverage associate). MetLife is among the many few carriers we have seen making it clear plans weren’t designed with pets in thoughts however quite the earnings of encouraging clients to maintain all their pet insurance coverage wants with one provider.
MetLife Pet Insurance Review
Compare Costco Pet Insurance vs. Nationwide
Nationwide gives pet insurance coverage for dogs and cats, and you’ll customise its plans to fit your wants and funds. For instance, you possibly can stand up to $10,000 in annual protection along with your plan or a certain quantity that varies by situation. You also can go for 50% or 70% reimbursement with a few of its plans.
Nationwide gives a 5% low cost for multi-pet households. However, its protection is modest, designed to maintain a buyer’s insurance coverage with Nationwide, not essentially by offering the most effective protection for the common pet father or mother. The excellent news is its costs are usually decrease than a few of Figo’s extra in depth plans.
Nationwide Pet Insurance Review
Why You Should Trust Us: How We Reviewed Costco Pet Insurance
To write this overview of Costco pet insurance coverage, we in contrast the highest pet insurance coverage suppliers primarily based on available insurance policies and included advantages, exclusions, and protection limits. We additionally in contrast premiums charged for varied pet profiles we created with totally different annual and lifelong protection limits.
Our overview solely thought-about the information we gathered. We checked corporations’ web sites, overview websites like TrustPilot and ConsumerAffairs, and different sources to get a whole perspective. The web sites allowed us to check coverage particulars and high quality print. Everything collectively allows us to price and examine pet insurance coverage merchandise objectively.
Read the total methodology for a way we price pet insurance coverage.
Costco Pet Insurance by Figo
AM Best Financial Strength Rating
A-
- 15% low cost on all pet insurance policy from Figo
- Unlimited protection available
- 24/7 stay vet line and protection for all licensed vets within the US
- Claims should not paid on to vets. So policyholders should pay and look forward to reimbursement
- 6 month ready interval, all claims in that point will probably be thought-about preexisting situations
