Pet Insurance Whats The Point

Pet Insurance Whats The Point



A survey published by Mintel recently revealed that 1 in​ 3 pets need an​ unplanned visit to​ the​ vet every year. So the​ odds that you'll be making a​ claim on​ your pet insurance are higher than the​ chances of​ you​ claiming on​ your home & contents policy or​ your motor insurance.

The word “unplanned” is​ key here. We don't mean routine treatments such as​ vaccinations or​ worming,​ you​ won't find a​ pet insurance policy that covers preventative treatments. Nor you​ will you​ able to​ get cover for ‘elective treatments',​ like neutering for example. Basically,​ the​ common reasons for visiting the​ vet cannot be insured against.

As I'm sure you're aware,​ it's the​ unplanned visits that are the​ expensive ones! Animal care has progressed a​ lot in​ recent years,​ and all kinds of​ maladies can be treated,​ at​ a​ horrendous cost. Emergency care is​ always expensive,​ and if​ your cat gets run over,​ you​ could be looking at​ a​ bill of​ £700 or​ more. a​ series of​ X-rays could cost £400,​ and you​ don't want to​ know how much a​ MRI scan could set you​ back – oh go on​ then - £1,​000! if​ Dickens the​ Daschund breaks a​ leg then it​ can be treated – but how much will it​ cost? it​ could be close to​ £1,​500 - that's a​ lot of​ money!

Now we've established that most reasons for a​ visit to​ the​ vet cannot be covered by insurance,​ so what is​ included?

Well,​ pet insurance plans come in​ 3 main guises:

The value of​ the​ claim for each condition or​ event is​ capped;

The total annual payout cannot exceed a​ set amount;

The payout per condition is​ limited and ceases to​ cover your pet after twelve months of​ treatment. This is​ the​ cheapest option.

Virtually all pet insurance policies will pay out if​ your pet dies. as​ with other types of​ insurance,​ you​ will have to​ pay an​ excess if​ you​ make a​ claim,​ usually £50 -£100.

The cost of​ the​ policy depends on​ which type of​ policy you​ want,​ how much excess you​ are prepared to​ pay,​ the​ kind of​ pet you​ have,​ its breed (rare breeds are more expensive),​ its age and even your post-code can make a​ difference to​ the​ premium (vets cost more in​ Chelsea). It's difficult to​ estimate because of​ all the​ variables,​ but an​ industry estimate suggests premiums from £30 - £200 per year for a​ cat and £50 - £500 for a​ dog.

The cheapest insurance is​ directed at​ young pets,​ and seeing as​ most pets can be insured from 8 weeks old and you​ can then continue insurance for its lifespan,​ that's the​ best way to​ go. if​ your pet is​ already 8 or​ 9 years old when you​ decide to​ get it​ insured,​ it​ may be difficult to​ get worthwhile cover. This is​ mainly because the​ exclusions will list existing health conditions,​ and at​ that age,​ it​ is​ likely that your pet will have some known conditions. in​ any case,​ at​ that age a​ new policy will be more costly.

There are a​ few ways to​ lower the​ premiums - some insurers will discount insurance if​ your pet has an​ identity chip,​ and if​ you​ are insuring more than one pet,​ you​ will be able to​ get a​ quantity discount. These are widely available for your second and subsequent insured pets.

To get the​ cheapest premiums,​ browse the​ Internet for deals. the​ Internet is​ a​ great place for cheap insurance of​ all kinds - your home,​ your car or​ pet,​ your holiday – all just a​ click away.




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