card guide
Pet Insurance

It’s a Dog’s Life

Whether you have received a cute kitten or a puppy as a present or been out and bought one for yourself, vets bills and care of the animal are all part and parcel of being a pet owner. Insurance is there to help with the unexpected or even expected bills.

Picture this

Your cat has been missing for several weeks. It’s not unusual for it to wander off, that’s what cats do, but this time it’s longer than usual. You want to place a reward advert in the local newspaper and run off a few copies of a poster to pin up in local shops, but you haven’t got the spare cash. Well believe it or not, you would have if you had pet insurance with full stray cover.

This is just one small example of how pet insurance can help ease the financial cost of owing a pet. Its small fry compared to funding a vet’s bill that would result if a dog or cat was hit by a car or developed a long term illness, but, as the saying goes, every little bit helps.

Cat and Mouse

It’s been estimated that one in three pets needs veterinary attention each year. Anyone who has taken their pet to the vet recently will know how much even a simple injection can cost. It’s not that the vets are ripping us off; the business requires a number of staff to help out that have to be paid a living wage and the pharmaceuticals aren’t cheap.

One of the most well established insurance companies for animals is Pet Plan. Set up in the seventies not only can it provide polices to cover dogs and cats but also horses, rabbits and other animals too. Over a million animals are now insured with Pet Plan.

Common problems

More people claim on their pet insurance than claim on their household or car insurance. But each policy is slightly different. Some insurers will only offer cover for up to a certain amount of expenditure, others will continue paying out on a “for life” basis. This is particularly important if your pet develops a long term illness such as eczema or arthritis.   

For dogs, you will probably find that your insurer offers several levels of care, ranging from what is commonly called a budget plan right up to full unlimited cover. Typically, the Budget plan will provide funding for vet bills up to approximately £4,000 a year. While paying unlimited vets bills, the top of the range plan may well put limits on items such as boarding or animal replacement costs, usually these are at about £1,000 for a dog and roughly half that for a cat.

Duck and cover

Mid-range or standard cover on most insurance policies for dogs and cats includes veterinary fees, death from illness or injury, boarding fees while the animal is unwell, advertising and reward costs if the animal has strayed, loss and the cancellation costs of your holiday if you had to cancel due to your pet being unwell.

According to the statistics, like humans, most pets don’t need medical attention until they get older, so some owners prefer to wait before paying out for cover. Most companies will accept dogs between five and eight years old, but no older, while with cats and rabbits they must be signed up by their fifth birthday in order for the insurance company to accept them as a risk.

Cover, cover, everywhere

Pet insurance cover is almost as bountiful on the high street as any other insurance product. As you would expect many of the supermarkets are also jumping on the band wagon. In terms of where to go to find the best deal, it will, as always, be a question of hunting round and seeing which company  you feel offers the best rates for the best cover.

Posted on: [ November 02, 2017 ]       Add to   Digg it   Add to Blinklist   Add to FUrl   StumbleUpon