Anyone paying attention to the pet insurance industry lately knows that there is one name on everyone’s lips: Bivvy. This new insurance company has turned the pet insurance industry upside down, and we’re going to take a closer look at why that’s the case. Here’s our full review of Bivvy and its services.
What is Bivvy?
bivvy is a pet insurance company based in Madison, Wisconsin. While Bivvy may be a relatively new player in the pet insurance industry, its policies are in fact underwritten by CUMIS Insurance Society, which has been around since the 1960s. This makes them a little more trustworthy in the eyes of their customers.
The goal of Bivvy was to make pet insurance a lot easier for customers to understand by simplifying their premiums and the process of getting a policy. To build their reputation, they relied on a solid marketing plan and word of mouth from satisfied customers.
What we like about Bivvy
Fixed, affordable rates
One of the things we liked most about Bivvy’s way of selling insurance was the sheer simplicity of their pricing schedule. Each state has a flat rate, and the most expensive is just $15 a month, beating most of the competition out of the water as their next best competitors charge about $30 a month for coverage.
There are, of course, some caveats to be made here. You don’t necessarily pay for the same coverage, as the policy details vary depending on where you are in the United States. Things like your deductible will vary based on your location as some places have more expensive veterinary services than others.
Easy to work with
Another thing we liked about Bivvy was that they were a lot easier to work with than other pet insurance companies. Since they only required limited information when signing up, we didn’t have to jump through hoops to get our hands on a policy, and everything could be managed online.
Bivvy Wellness Care
Bivvy’s main customization option is the ability to opt-in to their Bivvy Wellness Care program, which provides coverage for routine and preventive care such as checkups. Bivvy Wellness Care also covers certain vaccines your pet needs. This add-on will end up costing you an additional $9 per month.
What we didn’t like about Bivvy
Low Coverage Limits
One of the main drawbacks of Bivvy is that they don’t have coverage limits that are nearly as high as their competitors. However, this is because most pet insurance owners don’t come close to their limit. The premiums Bivvy offers are in line or even lower than their competitors’ premiums for insurance policies with comparable limits.
For example, your pet only has a limit of $2,000-$5,000 per year, depending on your policy terms, and a lifetime limit of $25,000 per year. If your pet needs advanced treatment for illness or injury, you’ll quickly reach your coverage limit.
Plans are not customizable enough
If you are looking for a customizable insurance policy, you will be disappointed. Bivvy’s business model is based on providing a simple and turnkey solution to its customers. You cannot adjust coinsurance or coverage limits, and the only add-on available is Bivvy Wellness Care, which is available in most covered states.
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