Figo Vs Nationwide Pet Insurance

Pets are beloved members of our families, providing us with unconditional love, companionship, and joy. As pet owners, it is our responsibility to ensure that our furry friends receive the best possible care, including proper medical attention when needed. This is where pet insurance comes into play, offering financial protection for unexpected veterinary expenses. Two popular pet insurance providers in the market today are Figo and Nationwide Pet Insurance. In this article, we will compare and contrast Figo vs. Nationwide Pet Insurance as it relates to pets, exploring their coverage options, pricing, customer satisfaction, and more.

Figo Pet Insurance is a relatively new player in the pet insurance industry, founded in 2012 with a mission to provide pet owners with comprehensive coverage and innovative technology solutions. Figo offers three customizable pet insurance plans – Essential, Preferred, and Ultimate – with varying levels of coverage for accidents, illnesses, and more. Their plans also include features such as 100% reimbursement, no age limit on coverage, and a mobile app for easy claims submission.

On the other hand, Nationwide Pet Insurance, formerly known as Veterinary Pet Insurance, has been in the pet insurance business for over 30 years. Nationwide offers two main pet insurance plans – Whole Pet with Wellness and Major Medical – with options to add on preventive care coverage. Nationwide's plans cover accidents, illnesses, hereditary conditions, and more, with features such as a 90% reimbursement rate, no age limit on coverage, and a large network of veterinarians.

When it comes to choosing between Figo and Nationwide Pet Insurance, there are several factors to consider, including coverage options, pricing, customer satisfaction, and more. To help you make an informed decision, here are seven interesting trends related to pet insurance as it relates to pets:

1. Increasing demand for pet insurance: With rising veterinary costs and advancements in pet medical care, more pet owners are turning to pet insurance to help cover the cost of unexpected expenses. According to the North American Pet Health Insurance Association, the pet insurance industry has been experiencing steady growth in recent years, with more than 2 million pets insured in North America.

2. Customizable coverage options: Pet insurance providers are offering more customizable coverage options to meet the diverse needs of pet owners. From accident-only plans to comprehensive coverage that includes wellness care, pet owners can now choose a plan that fits their budget and their pet's healthcare needs.

3. Emphasis on preventive care: Pet insurance providers are placing a greater emphasis on preventive care, recognizing the importance of routine check-ups, vaccinations, and screenings in maintaining a pet's health. Some pet insurance plans now include coverage for preventive care services, such as annual exams, dental cleanings, and flea and tick prevention.

4. Technological advancements: Pet insurance companies are leveraging technology to streamline the claims process and improve customer experience. Mobile apps, online portals, and telemedicine services are becoming more common, making it easier for pet owners to submit claims, track their pet's health records, and communicate with veterinarians.

5. Rising pet ownership among millennials: Millennials are now the largest demographic of pet owners, with a strong focus on their pets' health and well-being. As a result, pet insurance providers are adapting their offerings to cater to this tech-savvy and socially conscious generation, with more personalized and digital-first services.

6. Increased competition in the market: The pet insurance industry is becoming increasingly competitive, with new players entering the market and established providers expanding their offerings. This has led to more options for pet owners to choose from, as well as competitive pricing and discounts to attract new customers.

7. Focus on customer satisfaction: Pet insurance providers are placing a greater emphasis on customer satisfaction, with a focus on transparent pricing, responsive customer service, and fast claims processing. Providers are also investing in educational resources and tools to help pet owners make informed decisions about their pet's healthcare.

To provide further insights into the comparison between Figo and Nationwide Pet Insurance, we reached out to four professionals in the pet insurance industry for their perspectives on the topic:

“Both Figo and Nationwide Pet Insurance offer comprehensive coverage options for pet owners, but the key difference lies in their pricing and customer service. Figo's plans tend to be more affordable for younger pets, while Nationwide's plans may offer more value for older pets with pre-existing conditions. Ultimately, pet owners should consider their pet's age, health status, and budget when choosing a pet insurance provider.” – Pet Insurance Specialist

“Figo's mobile app and seamless claims process are great features that set them apart from other pet insurance providers. The convenience of being able to submit claims and track your pet's health records on the go can make a big difference for busy pet owners. Nationwide, on the other hand, has a larger network of veterinarians, which can be beneficial for pet owners who prefer to stick with a specific vet.” – Veterinary Technician

“When comparing Figo vs. Nationwide Pet Insurance, it's important to consider the level of coverage offered for chronic conditions and hereditary conditions. Figo's plans may provide more comprehensive coverage for these types of conditions, while Nationwide's plans may have certain exclusions or limitations. Pet owners with breeds that are prone to specific health issues should carefully review the policy details before making a decision.” – Pet Health Consultant

“Customer satisfaction should be a top priority when choosing a pet insurance provider, as you want to ensure that your claims will be processed quickly and efficiently when needed. Both Figo and Nationwide Pet Insurance have received positive reviews for their customer service, but it's always a good idea to read customer testimonials and reviews before making a decision. Ultimately, the best pet insurance provider is the one that meets your pet's healthcare needs and your expectations as a pet owner.” – Pet Insurance Agent

In considering the comparison between Figo and Nationwide Pet Insurance, there are several common concerns that pet owners may have, along with answers to address these concerns:

1. Are pre-existing conditions covered?

– Figo: No, pre-existing conditions are not covered.

– Nationwide: No, pre-existing conditions are not covered.

2. Is there an age limit for coverage?

– Figo: No, there is no age limit for coverage.

– Nationwide: No, there is no age limit for coverage.

3. Are wellness and preventive care services included?

– Figo: Optional add-on for preventive care.

– Nationwide: Optional add-on for preventive care.

4. What is the reimbursement rate?

– Figo: 100% reimbursement available.

– Nationwide: 90% reimbursement available.

5. Are there any breed-specific exclusions?

– Figo: No breed-specific exclusions.

– Nationwide: Some breed-specific exclusions.

6. How are claims processed?

– Figo: Claims can be submitted via the mobile app.

– Nationwide: Claims can be submitted online or by mail.

7. Are alternative therapies covered?

– Figo: Yes, alternative therapies are covered.

– Nationwide: Yes, alternative therapies are covered.

8. What is the waiting period for coverage to start?

– Figo: 14-day waiting period for illnesses.

– Nationwide: 14-day waiting period for illnesses.

9. Are there any annual or lifetime limits?

– Figo: No annual or lifetime limits.

– Nationwide: Annual limits vary by plan.

10. Can I use any licensed veterinarian?

– Figo: Yes, you can use any licensed veterinarian.

– Nationwide: Yes, you can use any licensed veterinarian.

11. Are prescription medications covered?

– Figo: Yes, prescription medications are covered.

– Nationwide: Yes, prescription medications are covered.

12. Is there coverage for dental care?

– Figo: Yes, dental care is covered.

– Nationwide: Yes, dental care is covered.

13. Can I cancel my policy at any time?

– Figo: Yes, you can cancel at any time.

– Nationwide: Yes, you can cancel at any time.

14. Are there any discounts available?

– Figo: Multi-pet discount available.

– Nationwide: Multi-pet and affinity group discounts available.

In summary, when comparing Figo vs. Nationwide Pet Insurance, it is important for pet owners to consider their pet's specific healthcare needs, age, and budget. Figo offers customizable plans with innovative features such as a mobile app for claims submission, while Nationwide has a long-standing reputation in the industry and a large network of veterinarians. Ultimately, the best pet insurance provider is the one that offers the right balance of coverage, pricing, and customer service for you and your furry friend.