Pet insurance – Do you need it?

Pet insurance is a safety net that protects you from unforeseen costs for your pet. The most obvious reason for insurance for your cat or dog is Cover veterinary bills. However, this seems to be an unnecessary effort. How much does it cost, what should good policies include, how to get the best pet Insurance contract and what are the alternatives?

Is pet insurance worthwhile?

If you’re not sure if pet insurance is worth it, ask yourself how to deal with an unexpected bill.

You need to weigh this up against the cost of your premiums and the likelihood of making a claim.

For example, older pets can cost more to be insured but often require medical help.

Self-insurance as an absolutely valid alternative, but it takes a lot of discipline to ensure that money is always available especially when it comes to costly and ongoing maintenance.

With that in mind, you should definitely think about pet insurance, but there are a few things to consider first.

What kind of animal do you have?

Most pet insurance is for cats and dogs, and insurers for these animals are easy to find.

Insurance for small mammals such as gerbils, rabbits and, hamsters is available, but of questionable value due to its shorter lifespan.

Exotic animals such as lizards, snakes and, parrots are more difficult to secure because there aren’t many companies that offer this service.

However, since these animals are unusual, it is worth considering the cost of their coverage.

You cannot insure, poisonous animals, but you may want to apply for liability insurance.

What are the risks?

Different pets pose different risks.

For example, purebred cats and dogs may be more susceptible to:

  • illness
  • congenital diseases
  • Hereditary diseases and
  • They are more likely to be stolen.

Certain breeds are more prone to certain problems.

For example, large dogs are more likely to have joint problems, while bulldogs can develop breathing difficulties.

What can pet insurance cover?

Like other forms of insurance, pet insurance can vary widely.

This means that it is very important to get adequate coverage for your pet. Therefore, find out about the small print of your policy.

Veterinary bills may include the following:

  • Loss and theft of your pet – Make sure your pet’s purchase price is covered, which may require proof. Otherwise your insurer may pay the “market value”. The insurance company can also pay the cost of reporting your lost pet (300 Dollars or more) and the cost of a recovery premium (300 Dollars or more). Although a The precious family member can never be replaced. Some guidelines provide sufficient coverage to replace your pet if it is not found.
  • Behavioral treatment: must also be covered by a good policy and must be at least  500 Dollars. Processing may also need to be done by a professional organization or under the guidance of a veterinarian.
  • Death from illness or injury: You must pay the purchase price of the animal. You may need to coordinate a qualified veterinarian to confirm the cause of death. A time The limit basically applies to cover in the event of death due to an illness. A good policy should also cover euthanasia if you want your pet to be put to sleep.

Types of pet insurance cover

Lifetime: This is the most comprehensive type of coverage you can get.

You pay premiums for your pet’s life each year and the insurer must continue to insure it regardless of its age or existing conditions (subject to the terms).

However, as your pet ages, the premiums are likely to increase.

Annual: you pay 12 months of uninterrupted coverage, giving you the opportunity to switch to a cheaper policy each year.

This type of policy costs less but may offer less coverage and generally does not cover pre-existing conditions.

With the age of your pet, it will also be difficult for you to find insurance.

Accident only: The simplest and cheapest cover available. It covers accidents (how your dog is hit by a car), but not diseases.

To 70% of all pet insurance claims are illness-related and not accident-related.

Things to consider

Age of your pet

Pet insurance for older dogs and cats is more difficult to find.

In fact, an older animal is more likely to need treatment.

With some insurers, you can only take out a new policy if your pet is less than eight or nine years old or less for certain special breeds.

The easiest way to get pet insurance is to take out life insurance when you are young.

This is certainly not the cheapest option, but it ensures that your pet is always insured, even with long-term illnesses.

Pre-existing conditions

You must state existing conditions when trying to get insurance for your pet. Otherwise, the policy may become invalid.

If your pet already has an illness, you may be able to find a company to insure it.

However, it is very likely that you will not receive cover for the existing condition.

Switching policy

Rules regarding existing conditions make it difficult to change the guidelines.

If you have annual or lifetime insurance, the main thing you want to change is because your premium has increased.

However, the main reason why your premium would go up is because you made a claim, and if you did, you might have trouble finding another insurer. Take it or cover it for any treatment related to the existing condition.


A surplus is the amount of a claim that you want to pay in advance.

Some insurers require a percentage deductible and a flat rate.

This is called “excessive co-insurance” and can be very costly if you pay large veterinary bills.

Also, avoid policies that increase the excess as your pet ages, unless you prefer additional fees in return for cheaper premiums.