Pet Insurance - is it a waste of money?

According to a report published by research group Mintel, one in three animals needs an unexpected visit to the vet each year. This means that you are more likely to make a complaint about your pet safe than in your car insurance, or even their home and contents policy. The word " " unexpected is the key here. If you are looking for pet insurance to provide coverage for routine treatments, such as teeth cleaning, vaccination or nail trimming, forget it - policies which ensure that they are as rare as hens " teeth! Neither will you find coverage for elective treatments, such as neutering and identity chipping. This means that the most common reasons for visiting the veterinarian are not. But it is unexpected that such visits tend to be a high-priced ones! Developments in vet nary care means that new and more complex conditions can be effectively treated. But the cost of emergency care can be terrible. A cat that failed to cross the road could easily cost 700, or even more, to treat. After all, a series of X-rays could cost 400 with full anesthesia, and you have no change from 1000 for an MRI scan. If the Lassie Labrador rasgou a ligament that can now be addressed - but the cost? Wait for it - about 1,500! This is serious money! Having assessed that most reasons for appointment to the vet are not, what do we get for our awards? Pet insurance policies basically fall into three categories. The first limits the amount of credit for each condition or event, the second place a ceiling on the total annual payment and the third cheapest option, and limits the payment on condition cover and ends after 12 months of treatment. And with all policies must pay an excess on any claim, usually between 50 and 100. Most of these plans pay a lump sum if you pet dies. And the cost? Well, it depends on what kind of policy you select, the excess you want to pay, the kind of animal that is, their race, their age and even their post-code (apparently vets are more expensive in Kensington !). But as a guide, an industry expert estimates cost between 50 to 500 for Lassie and 30 and 200 per year for puss. The best advice is to have a policy when the animal is young. Most animals can be insured after 8 weeks of age them, and then you keep the insurance in force for the rest of his life. If you are looking for a policy of an animal that is in middle age, which is, say eight or nine for a dog, then it may be difficult to obtain worthwhile cover. That& 39;s because from a new policy in their animal of middle age will be expensive, and in any case, you will be unable to claim for treatments for any existing health conditions. So how can you reduce the premiums? Sometimes you can get a discount, if you pet was chipped identity and quantity discounts are generally available for the second and subsequent pets. In addition to simply having the store. Thank God for the Internet! The Internet is having a growing share of the insurance market and no wonder - makes shopping simple, quick and easy. Moreover, it is probably the cheapest point for all your insurance either for their car, home, or animal. Let your keyboard take the strain. Michael writes for Brokers Online Life Insurance, which offer more UK financial services, including insurance pet Further reading: You can be refused Travel Insurance?



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