Pet Insurance A Waste Of Time

According to​ a​ survey published by Mintel,​ one in​ three pets needs an​ unexpected visit to​ the​ vet each year. This means that you​ are more likely to​ claim on​ your pet insurance than on​ a​ home & contents policy or​ even your car insurance.

The word “unexpected” is​ important here. if​ you​ are looking for pet insurance to​ provide cover for routine treatments such as​ vaccinations or​ worming,​ forget it​ – policies that do that are as​ rare as​ hens' teeth! And you​ won't find cover for elective treatments,​ such as​ neutering,​ either. This means that the​ most common reasons for visiting the​ vet are uninsurable.

But don't forget it's those unexpected visits that tend to​ be the​ expensive ones! Developments in​ animal care mean that more conditions can be effectively treated and costs of​ emergency care can be horrendous. a​ cat that argues with a​ car could cost £700,​ even more,​ to​ treat. After all,​ a​ series of​ X-rays could cost £400 and a​ MRI scan will put you​ back £1,​000. if​ Buster the​ Bulldog tore a​ ligament that too can be treated – but the​ cost? Don't expect change from £1,​500! This is​ serious money!

Having appreciated that most reasons for a​ visit to​ the​ vet are uninsurable,​ what do we get for our money?

Well,​ insurance plans largely fall into three types. the​ first restricts the​ value of​ the​ claim for each condition or​ event; the​ second limits the​ total annual payout and the​ third and cheapest option,​ limits the​ payout per condition and ceases cover after 12 months of​ treatment. Most will make a​ payout if​ you​ pet dies. And with all policies you​ will have to​ pay an​ excess on​ any claim,​ usually between £50 and £100.

And the​ cost? That depends on​ which type of​ policy you​ want,​ the​ excess you​ want to​ pay,​ the​ sort of​ pet you​ have,​ its breed,​ its age and even your post-code (vets charge more in​ Chelsea). But as​ a​ guide,​ an​ industry estimate suggests costs between £30 and £200 per year for a​ cat and between £50 to​ £500 for Buster.

The best advice is​ start the​ insurance when your pet is​ young. Most pets can be insured after they're 8 weeks old and you​ can then maintain the​ insurance over the​ course of​ its life. if​ your pet is​ in​ it's middle age when you​ want to​ start the​ insurance,​ say eight or​ nine for a​ dog,​ then it​ may be difficult to​ get worthwhile cover. This is​ because treatments for existing health conditions will be excluded from the​ cover and in​ any case,​ a​ new policy at​ that age gets expensive.

So how can you​ lower the​ premiums? Sometime insurers will give you​ a​ discount if​ you​ pet has been identity chipped and quantity discounts do prevail! Discounts are widely available for your second and subsequent insured pet.

Then there's always the​ Internet. the​ Internet is​ taking an​ increasing share of​ the​ insurance market and no wonder – its simple,​ quick and easy. What's more it's probably the​ cheapest avenue for all your insurance whether it​ be for your home,​ your car or​ pet.

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