When you think of pet insurance companies, you don’t often associate the industry with the notion of “high-tech.” Mention insurance to someone and often the term still brings to mind archaic images of drab offices pushing paper and using snail mail. That was until Figo Pet Insurance came around and completely changed the way we think of and access insurance. Born out of the Google Tech Hub facility in Chicago, Figo utilizes the most up-to-date software, apps, and tech avenues to make insurance a breeze for their customers by creating the Pet Cloud platform and app. With the Pet Cloud, all of your pet’s data is stored in one place that can be accessed anywhere, at any time, no paper forms needed. You can submit claims, track reminders for shots, view past veterinary invoices, communicate with the Figo team, and even search pet-related services near you, such as dog walkers. Taking it a step even further, Figo also allows veterinarians to access the Pet Cloud for their patients who have it, so they always have access to medical records when needed. With the app and cloud-based models being the way of the future businesses, Figo is already one step ahead.
Figo has made it clear they are a force to be reckoned with in the pet health insurance industry through an entirely online approach, and their policies are just as comprehensive. They cover all the basics like surgery, accidents, illnesses, and injuries, along with hereditary conditions, and congenital conditions. In addition, Figo also covers veterinary exam fees, MRIs, x-rays, ultrasounds, cancer treatment, knee conditions, alternative and holistic therapies, prosthetics, and veterinary specialists.
As with any pet insurance company, there are a few things that Figo doesn’t cover, namely:
Figo has changed the way we approach insurance in so many ways via their completely technology-based approach, but yet another is through their policy structure. They offer per year deductible options as low as $50 and going up to $500. What’s even better, though, is that they offer reimbursement rates from 70% all the way to 100%. Yes, you read that correctly—a complete reimbursement. They also offer great policy limits from $10,000 to unlimited options.
| Policy Coverages | |
|---|---|
| Deductible Type | Per Year |
| Deductible Options | $50 – $500 |
| Reimbursement Options | 70% - 100% |
| Policy Limit Options | $10,000 - Unlimited |
| Lifetime limits | Unlimited up to policy limit |
| Wellness Cover Cost | Not offered |
| Accidents & Illnesses |  |
| Vet Exam Fees | |
| Rx Medications | |
| Emergency Visits | |
| Hospitalization | |
| Surgery | |
| Cancer Treatments | |
| Specialists | |
| Outpatient Care | |
| Alternative Therapies | |
| Waiting Periods | |
| Policy Coverage Starts | At midnight after sign up |
| Accidents | 5 days after policy starts |
| Illnesses | 14 days after policy starts |
As mentioned, Figo has great choices of options for coverage, and here are 3 examples of how much you’ll get back for a covered condition:
Your cat develops a bad ear infection that requires surgery, and antibiotics. The total vet bill comes to $2,650. Following your $200 deductible and a 100% reimbursement, you will get back $2,450.
You and your dog are out playing in the yard when he runs too far and gets hit by a bicyclist on the road. He needs stitches for a few deep cuts, as well as a cast to heal a fracture to one paw. The total vet bill comes to $4,980. After your $50 deductible and a 90% reimbursement, you will get back, $4,432.
Your beloved Golden Retriever starts to show signs of hip dysplasia after his 9th birthday. You can’t stand to see him in pain, so you take him to the vet to get treatment started. The total vet bill after everything comes to $7,330. Following your $300 deductible and a 100% reimbursement, you will get back $7,030.
Well as you may imagine, the cost of pet insurance depends on a few key variables: the breed of your pet, their age, and where you live. After that, it’s down to you how much coverage you want, how big (or small) a deductible you want to pay and how much of a reimbursement (the amount you get back after the deductible is paid) you select.
To see all of Figo’s plan options, click here to compare pet insurance plans, but here are a couple of examples:
| Breed: Rottweiler |
| Age: 5 years |
| Zip code: 32004 |
| $10,000 coverage |
| $100 Deductible |
| 90% Reimbursement |
| Plan Cost $34.64 Per Month |
| Breed: Pomeranian |
| Age: 3 years |
| Zip code: 71612 |
| $14,000 coverage |
| $200 Deductible |
| 100% Reimbursement |
| Plan Cost $46.18 per month |
Figo has created a brand-new user experience when it comes to pet insurance, and we’re positive others will follow suit. They clearly show how much they want to simplify the process for pet owners by giving you one reliable online platform to access all the information you will need. They also opened new avenues for contacting them beyond just a call center, as they allow texting and instant messaging, and will even send you push notifications for reminders, if you prefer. Figo has streamlined the intricate processes of insurance and claims, and it is all for the benefit of the customer and animals they serve.
