In today’s society, pets are a vital ingredient to 21st century families. However, just like humans untimely accidents can render them severely injured or even dead. This is why many people choose to insure their little companions. Read on to find out more about pet insurance.

What is pet insurance?

Pet insurance covers the cost of your pet’s veterinary treatment if they get ill, or is injured. Some policies also cover you if the pet dies, is stolen or damages a third party’s property.

What does pet insurance cover?

Pet insurance covers expenses related to medical issues. Cover for vet fees can be as low as £500 or as high as £12,000.

Most policies cover the following:

  • Death by illness or accident – The company pays you either the price you bought the pet for or the price it would’ve sold for.
  • Lost pet cover – Most providers pay for the cost of putting up missing posters and paying a reward.
  • Overseas cover – If your pet falls ill overseas or is involved in an accident most insurers will cover this.
  • Kennel fees – If you are in hospital for 2+ days consecutively insurers will pay for someone to look after your pet.

What does it not cover?

Some things are not covered by the majority of insurers, such as:

  • Pre-existing illnesses – An illness that affected your pet before taking out insurance. They fall into 2 categories.

Chronic Illness – ongoing problems your pet has

Historic Illness – Problems your pet has recovered from.

  • Routine Treatment – Treatments like vaccinations, spraying and flea treatments are not covered by insurers.
  • Pregnancy and birth – Any unexpected expenses due to giving birth of caring for offspring will not be covered.

What types of insurance are there?

Lifetime cover is cover that pays for repeated issues your pert might have during its lifespan. This can be split into 2 different categories:

Annual lifetime cover, which pays a set amount per year for all conditions. The other one is per condition per year cover. This pays a set amount for one condition, e.g:  £1000 per year for a diabetes issue. Another type of insurance is non-lifetime insurance, which tend to only last 12 months and covers you for less amounts of money. It also takes out more money from future pay-outs if you go over the limit.

That’s out guide to pet insurance. Make sure to find the best deal for you and your little companion. Be sure to read our tips for life insurance as well.

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