Today I Learned About Fetch Pet Insurance’s Shady Practices
So, today I found out that Fetch Pet Insurance has this high-loss ratio policy where they basically drop your coverage to ridiculously low amounts if you’re not making them a profit. You have no say in it.
In simpler terms: if you’re not a profitable customer for them, it’s goodbye/take what you can get. While this seems legal (they say their terms are only for 12 months at a time), it’s completely contradictory to their claim of “we will never penalize you for making claims.” This is definitely a penalty.
And get this—the company is estimated to make $34 million in revenue a year.
Pet insurance: A total scam.
Anyone else dealt with this nonsense?