Pet Insurance Will Work With The Right Policy

Pet Insurance - The cost of getting your pet back to health after an illness or an accident can be astronomical as vets' fees rise.

Having a pet insurance policy in place will reassure you that should anything untoward happen to your pet you will be covered. But make sure it is the right policy and that it will provide adequate cover when required.

The policies - Premium policies offer continuing cover from year to year for the life of your pet, as long as you renew the policy. There will be an annual maximum benefit available, but on-going or recurring conditions will remain covered. In the case of your pet's long-term illness it will still be covered as the maximum cover limit resets each year.

Mid-level policies are next best offering continuing treatment but with a limit on the cost of treatment per condition. For example, if you sign up to a 4,000 pound limit per condition, you can accumulate bills for several years retaining cover until you reach that figure. This type of policy is especially suitable for cats as they are unlikely to reach the 4,000 pound per condition limit.

Basic policies are usually too limiting as although they cost less the benefits are correspondingly lower. As well as paying out less per claim, there is usually a 12-month limit on cover for a particular condition, and once that time is passed that condition is no longer covered.

If you are going to take out pet insurance make sure you choose the most suitable policy from the outset. And take it out while your pet is still healthy, as once it has developed an illness or medical condition you may find that you cannot get insurance.

You will normally have to pay an excess per condition of between 40 and 60 pounds sterling, sometimes more. On some policies the excess varies according to the animal, its age and postcode. And remember that you will pay for any treatment that costs less than the excess on your policy. Day to day costs of pet ownership including worming and flea treatments are usually not covered, neither is neutering an animal.

Extra benefits - Pet insurance policies can offer a wide range of extra benefits. Cover can be provided if your pet is lost or stolen, including money for a reward or for advertising the loss. If you had to cancel a holiday due to your pet's illness you could be covered. You can even cover cremation costs in the worst case scenario.

You may not want to pay for all these extra benefits, so read the policy and only accept the cover you want to purchase. Remember that you probably want to insure against the expensive vets' bills and are not interested in all sorts of extra benefits.

Costs - Premiums can vary widely depending on the type of pet you are insuring and also where you live, so you do need to compare several quotes and choose the right one for you. Be aware that big dog breeds such as Bull Mastiffs and Great Danes are given a lower maximum age by some insurers, so you need to check for that.

It is also useful to hear other people's views especially if they have experienced the insurer's customer service and know how quickly or how slowly they settle claims.

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