Insuring your pet? You should know about these changes to Florida law
As vet bills skyrocket, more and more pet owners are turning to insurance programs to prevent their pets’ surprise illness from becoming a financial hardship.
But the devil is in the details, and complaints have surfaced that procedures and care that consumers thought were covered by the policies they purchased actually weren’t covered.
A new law taking effect in Florida on Jan. 1 aims to provide pet owners with clarity about pet insurance products they might be considering purchasing to cover accidents and illnesses.
The bill “creates an efficient, effective regulatory framework for pet insurance that benefits consumers, empowers regulators, and ensures the marketplace operates fairly,” state Sen. Nick DiCeglie, a Pinellas County Republican, told the Senate’s Banking and Insurance Committee in March. “This bill is good for consumers, industry participants and the pet insurance marketplace.”
While pet insurance has been available in Florida for years, policies have become increasingly complex, imposing waiting times for injury, illness and orthopedic care, and exclusions for preexisting, congenital and hereditary conditions, according to a Senate analysis of the bill.
