Companion Protect Pet Insurance Review 2022

Available riders/addons

Companion Protect is a simple approach to pet insurance with just one plan and no additional options like vaccinations.

waiting period

This plan is unique to the pet health insurance industry in that there is no waiting period for coverage for most services, with the exception of checkups, which have a six-month waiting period. Insurance is valid against all accidents and illnesses at the time of enrollment.

Cancellation policy

To cancel coverage, contact the Company at (800) 304-9930 or write to us. In case of cancellation, premiums already paid will be refunded on a pro-rata basis.

plan exclusion

Situations not covered by the Companion Protect plan include:

• Treatment deemed medically unnecessary
• existing state
• Non-accident related dental diseases and care
• Flea, tick and heartworm medicine
• spondylosis
• Problems related to breeding, training, or owner neglect
• sports or work injuries

existing state

Companion Protect, like all pet health insurance companies, does not cover pre-existing conditions. At enrollment, the company will review your pet’s medical history to determine if the pre-existing condition exclusion applies.

If there are no symptoms for a total of 12 months, the condition may be considered “cured” and not pre-existing. Please contact the company for more information on how pre-existing conditions are treated.

Rate plan

Companion Protect pays veterinarians in its network directly, but coverage with other veterinarians uses a standard reimbursement model. Pay the vet and Companion Protect will reimburse you later.

The company’s accident and illness plan is fairly comprehensive, with 90% reimbursement for accepted treatment (and 50% reimbursement for prescription meals if required for approved illness treatment). applies).

The Companion Protect plan includes a deductible of $100 per incident ($50 for in-network providers) that pet owners must pay. There is no annual limit on coverage, but he has a lifetime limit of $100,000 per pet.

Companion Protect offers a variety of discounts, including:

• multi pet
• Military (Active and Retired)
• Animal welfare (animal shelter and rescue employees, foster parents, volunteers, veterinary hospital employees)

Premiums can be obtained from the company using the website’s Get a Quote tool. Please note that premium rates can vary greatly depending on the type, breed, age and location of your pet.

Claim

If you use a veterinarian in our network, Companion Protect will pay the veterinarian directly plus a minus 10% plus a $50 deductible. If you use an out-of-network provider, the deduction is $100 and the copy is 10%. You must submit a refund request and prepay.

To submit a claim, you can submit the required information.

• Online on your company’s billing page
• Call (800) 304-9930

customer service

If customer service is required, clients can use the website’s live chat feature or call Companion Protect at (800) 304-9930.

• Monday to Friday: 8am to 8pm (CT)
• Saturday: 9am-6pm CT

The company can be contacted by email at service@companionprotect.com.

Third party evaluation

Companion Protect Pet Insurance is underwritten by Liberty Insurance Underwriters, Inc., which is highly rated by AM Best, an independent insurance rating agency. AM Best gave Liberty Insurance an A (excellent) rating in 2022, indicating a “stable” credit outlook.

In a survey of 408 pet owners, most responses about Companion Protect were positive, but one customer wanted the option to pay all vets directly. said it felt “reassured” by the coverage, knowing that its pets were protected.

another choice

With so many options for pet health insurance, things can get confusing. We recommend that you first assess your pet’s and your family’s needs. There are many variations between plans and the treatments and conditions they cover, and often there are many exclusions in coverage.

If you’re considering Companion Protect, you can also contact your current veterinarian to see if they have networked with the company. love to be

Some of the most important things to understand before buying pet insurance are:

• Eligible and ineligible conditions
• Deductibles and Reimbursement Amounts
• Annual and lifetime coverage limits

competition

	companion protect	24 pet watch	Prudent
Annual Waiver Option	$50-$100 per transaction	$100, $250, $500, $1,000	$100, $250, $500, $1,000
redemption rate	90%	80%	70%, 80%, 90%
Average billing time	4-6 days	16-18 days	3-30 days
waiting period for illness	No waiting period	14-30 days	14 days
Injury waiting period	No waiting period	0 days	5 days
Test range	yes	yes	add on
dental disease compensation	No	No	yes
Maximum registration age limit	24 years and 11 months	Decade	none

final verdict

Overall, Companion Protect is one of the best options for pet insurance that only covers accidents and illnesses, but only if you adopted your pet from a covered shelter. It is a plan that has a high return rate and is easy to understand. If your veterinarian is in the company’s network, not having to pay medical bills upfront is a big plus.

However, if you’re looking for stronger coverage to help pay for preventative or wellness care, you’ll need to look elsewhere or purchase additional policies from another provider.

Our Methodology: How Pet Insurance Companies Are Reviewed

Investopedia is dedicated to providing consumers with unbiased and comprehensive reviews of pet insurance companies. Evaluating 25 providers and collecting over 2,000 data points, including information on plan options, company features, fees and restrictions, the review helps users make informed decisions about their pet insurance needs to help you.

Our complete pet insurance methodology, including the data collection process and weighted data points, is available for review.

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