Which pet insurance plan is better: Trupanion or Fursure? I’m deciding between the two. I like that Fursure gives you a debit card, but I also like that Trupanion can pay the vet directly. Both are customizable, but I want to hear your opinions. Which one do you prefer?
It really depends on your risk tolerance and how much you value stability.
Trupanion has been around since the 90s and is one of the largest pet insurers in Canada and the US. It’s available in all 50 states and across Canada. It’s a publicly traded company with a top-rated underwriter and can potentially cover an entire vet or emergency bill if the provider is in-network.
Fursure is a small startup that started in 2020. It’s funded by venture capital and is limited in availability. They’re trying a new reimbursement model, which a larger company (Embrace) tried and failed. They don’t have a significant market presence yet, but they have a cool idea and seed money. They can pay up to $2k in advance.
This is like comparing Apple to a new tech startup. Some people are okay with taking a chance on a new company with cool ideas, while others prefer the tried and true.
Given the volatility in the pet insurance market, I prefer the more stable option. I wouldn’t want to buy a policy and then have the company go under or get sold. But who knows, maybe Fursure is the next big thing, and you get in on the ground floor.
Since Fursure is so new, you might find it hard to get many reviews. I did find one review where the person was very pleased with the service.
Thank you so much for your input.
I have Fursure, and they can pay up to $5k in advance. They also have a wellness plan, and even though they’re new, they’re expanding. Trupanion’s rates aren’t fixed and can increase noticeably every year or so. I’ve seen posts about people dropping them because they can’t afford the increases. However, Fursure doesn’t cover older dogs for new enrollment. I have a 12-year-old Pomeranian/Yorkie they won’t take, so I might get Trupanion for her, but they want almost $300, which is wild.
I’m also looking into Fursure. Have you had any issues so far? I’m curious if the cost of premiums and coverage will stay the same or if there’s a risk of benefits declining or premiums increasing due to age, inflation, etc. I’m also curious about how coverage for treatments, screenings, or routine care is determined. Is there a dollar amount allowance cap or a percentage it goes off? This insurance seems too good to be true, so I really want to know the fine print and details of their coverage. I definitely want to be aware of any cons or red flags I might run into. I’m worried about needing coverage and running into surprises like being declined or limited on the amount that’s approved.