PetFirst Pet Insurance and MetLife

• These two US-based insurance companies offer pet insurance that covers veterinary cost coverage based on owner reimbursement. One can "use any licensed veterinarian, clinic, emergency animal hospital, or specialist in the United States" as needed by the pet but the owner has to pay for these first. Then upon submission of the claim or invoice, the insurance company will give the reimbursement in less than two weeks.
• Most pet health insurance companies also use the reimbursement method.
• The pet insurance under MetLife is issued by the Independence American Insurance Company.

GEICO

• GEICO Insurance Agency partnered with Embrace Pet Insurance to provide comprehensive cat and dog insurance. This insurance offers coverage for accidents, non-preexisting illnesses, cancer, dental issues, and more. One can go to any licensed veterinarian and this insurance company will reimburse up to 90% of the vet bill.

Progressive Pet Insurance by Pets Best

• This pet insurance offers coverage that can be customized according to one's budget and pet needs. The different types of plans offered are BestBenefit Accident and Illness Plan which covers accidents and illnesses, Accident Only Plan which covers accidental injuries, and the Wellness Routine Care Plan which covers preventative care.
• One also gets to choose the percentage (70%, 80%, or 90%) of vet bill reimbursement that will be received.

Summary of Findings

• We have provided different pet insurance companies that offer veterinary cost coverage. All of these companies offer a reimbursement method. We have not seen any pet insurance company that offers otherwise. This tells us that pet insurance is really offered like property insurance rather than health insurance.
•  Investopedia also confirms that pet insurance really does function more like property insurance rather than health insurance. This is believed to be beneficial for the policyholder.