Pet Insurance

nadine · Joined: 09 Mar 2007 Posts: 46

Pet Insurance
By : Terry King

It seems that the cost of treatment at the vets seems to be getting more expensive with every year that passes. Before any vets reading this take offence I know that most vets still offer very good value for the treatment provided.

Personal experience has taught me to avoid nasty financial surprises when owning pets, by taking out pet insurance with a reputable provider.

When choosing a policy there are a number of key things to check for to make sure the policy you are buying meets your needs. Monthly premiums can vary quite dramatically but the cheapest premiums are not necessarily offering the best value cover insurance cover for your pet.

When considering pet insurance there are a number of areas to consider. The most obvious being the cost of the premiums and the size of your budget. Average monthly premiums vary depending on the breed of animal you are looking to insure, age, medical history, age and your location or postcode. The typical range of premiums depending on the level of cover is £10-30 pounds per month for a dog and £8- 25 for a cat.

Most policies have some form of excess per claim with the range being between £60-100 depending on the level of cover. My advice is don’t be put off by what seems a relatively high figure in this case. Some policies do not have any excess, but premiums for these products tend to be higher. Recently I received a bill for nearly £500 when my dog was bitten on his ear. The injury itself was not too severe but the cost of drugs and stitches pushed overall cost up, and I was happy to get £400 of the fees back. A friend was able to reclaim more than £5000 when her beloved dog needed operations on her joints.

Pet Owners should check carefully the maximum value you can claim for any single claim or in a year. Once again, policies differ on both these figures. The typical ranges are £3000 to £7000 per year. Check carefully whether the figure quoted is for a year or per claim, as obviously this makes a big difference to the true value of your cover.

The various pet insurance companies also have differing rules regarding the age at which they will insure a pet. Some set maximum limits at which they will insure a pet up to, whilst others are happy to insure pets of any age but have an age limit for new policies. Typically the limits are about 8 years for a Dog and 10 years for a cat.

All Pet insurance companies, just like those offering human medical insurance want to know about any previous illnesses or complaints. Normally this is because they will exclude cover for conditions that the pet has shown it is susceptible to. Don’t be tempted not to be honest about these matters as insurance companies will invalidate claims where a previous condition is found to be a factor, sometimes leaving hefty bills to be paid out of the claimant’s pocket.

When insuring a new puppy or kitten some Insurers insist on a 14 day introductory period, during which claims will not be honoured. I have fallen foul of this clause in the past when a puppy I had bought was found to suffering from a virus within 3 days of me taking it home, leaving a £600 bill to be paid from my own pocket. Happily Sam survived; this left a bitter taste in the mouth when the claim was rejected, so my advice is read the small print.

I know that for those operating on low income £120 to £300 a year can be quite a large sum of money to find annually, but I would suggest those who can find the money to do so in preference to potentially very large surprise bills.

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Terry King runs Parcel Pets - http://www.pets2home.co.uk/ - a leading UK pet supplies web site and has had pets all his life. He lives with his wife Louise, dog Sam, Cat Sabrina and 5 fish!

seabird · Joined: 19 Mar 2007 Posts: 51

It is hard not to have some pet insurance. But I understand
the cost is sometimes very hard to come up with the monthly payments.
I've been forunate not to have incurred any large costs on Scottie. But
my husband understands the need for Scottie to have some. We love this
little one so much, it would break our hearts if something were to come
up. So from my experience you guys out there might watch for a good
policy and follow through on the guidelines listed here. I'm going to reread my pet policy and double check everything.

jazzgirl · Joined: 08 Mar 2007 Posts: 74

Sad, but it does take a lot now of days to take care of the dogs
in our lives. Flossy, had to go to the VET for some minor toenail surgery
after she hurt her foot on a old log on a trip we took. And it was not bad
but it was over $150.00 with all the things that had to be done. I guess
that was not to bad. But you never know when you will need to have
something done with your pet. She recovered really fast and it was
fine with us. But we did look into dog insurance, and decided it would
be worth the monthy payment to keep Flossy.

lonesomedove · Joined: 19 Mar 2007 Posts: 40

I read the post about the insurance the last time I was in
but didn't get much done about it till just before Christmas when our pet
rat, Big Tail got sick. The kids were upset and I finally too him to the
the vet. Decided at that point when talking to the Vet that I should get
some to help if we have any trouble with Bowie. So now feel better cause
my wife was so worried if something would happen if Bowie got sick. So we are feeling great and Big Tail is fine. But it did cost us about $100.00 to get him over the problem he had They are part of the family and the
insurance doesn't cost that much. Recommend it for peace of mind. Wink