Because pet insurance usually works via reimbursement — you pay the vet, submit a claim and the insurer sends you a check — it can take weeks to get your money back from many companies. And since vet bills can easily run to the thousands of dollars, waiting for a check can be frustrating at best.
Lemonade aims for quick claims processing. Through its app, you can submit claims and get reimbursed in minutes, not weeks, the company says. In large part because it offers such quick reimbursement, we selected Lemonade as one of the best pet insurance companies of 2021. Its policies are also relatively low in cost.
As with most other pet insurance companies, Lemonade policyholders pay the veterinarian for diagnostic tests and treatments at the time of their visit and submit a claim to the insurer. But where that process can take up to 30 days with some companies, Lemonade promises quick claim processing, with most claims reimbursed in minutes, the company says.
