Potiki Pet Insurance offers a pet insurance platform that utilizes GapOnly® technology, allowing pet owners to pay only the difference between their eligible vet bills and the claim benefit at participating veterinary clinics. This service addresses the financial burden of unexpected veterinary expenses by providing up to 80% reimbursement on eligible claims, with annual benefit limits of up to $30,000.
Funding
$660K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Unexpected veterinary expenses can create a significant financial burden for pet owners, making it difficult to provide necessary care. Traditional pet insurance plans may require upfront payments and lengthy reimbursement processes, adding to the stress during a pet's illness or injury.
Solution
Potiki Pet Insurance offers a comprehensive pet insurance platform designed to alleviate the financial strain of veterinary care. Utilizing GapOnly® technology, Potiki allows pet owners to pay only the "gap" between the eligible vet bill and the claim benefit at participating clinics, reducing immediate out-of-pocket expenses. The platform provides up to 80% reimbursement on eligible claims, with annual benefit limits reaching up to $30,000, depending on the chosen level of cover. Potiki Perks, accessible through the Potiki Perks App, further enhances the value proposition by offering discounts on pet essentials and other services. Policies also include access to VetChat, providing online veterinary consultations for pet health questions.
Target Audience
Potiki Pet Insurance targets pet owners in Australia seeking financial protection against unexpected veterinary costs, with options tailored to different needs and budgets for dogs and cats.
Features
- GapOnly® technology enables on-the-spot claims processing at participating vet clinics, with owners only paying the difference.
- Multiple claim options, including submission via the pet portal or directly through the vet.
- Annual benefit limits of up to $30,000, depending on the selected plan (Platinum, Gold, Silver, or Bronze).
- 80% reimbursement on eligible vet bills.
- Optional Routine Care add-on to cover routine expenses like vaccinations and teeth cleaning (non-insurance benefit).
- Potiki Perks App provides access to discounts on pet products and services.
- Multi-pet discount available for insuring multiple pets.
- Access to VetChat for online veterinary consultations.