Join Date: Jun 2007
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Photo Submissions 36 Times in 33 Posts
I just canceled with Pet Plan. I may try VPI. When I calculated how much I would be paying over a 10 year period with 7% a year increase, plus more I would be spending in annual vet visits to make the plan cover things, it's over 16,000! Then I factored in them only paying 80% and my deductible. Not to mention them refusing to pay claims and I feel it might not be worth it. Maybe I am just put off because they denied my small Lyme claim. I just worry if it was something big they would come up with a reason not to pay. Fred has luxating patellas and if he tore his ACL, I am sure they would refuse to pay. Bella had a liver shunt and Scudder a cherry eye and all have had allergies.......... I have that 16,000 and if I invest that over 10 years......
It really is a gamble...
One more thought. What if the company goes out of business? Trupanion is in big financial trouble because they have no annual limit. They increased peoples rates as much as 400%! What if I was with a company for 7 years and they went under. All the money I spent over the 7 year gone and I would have to start all over with an older dog with now pre existing conditions...
I think it makes most sense to buy insurance when they are pups with no pre-exisiing conditions. You also have to go with a good company that's been around for a long time.
Last edited by lfung5; 08-04-2011 at 08:29 AM.