What is pet insurance?
Pet insurance covers unexpected veterinary expenses when your cat or dog is sick or injured. Plans may cover up to 80% of the cost of eligible vet bills, with this varying between providers and your chosen level of cover. You are generally required to pay the vet’s bill up-front and receive reimbursement from your insurer after you make a claim.
Even if you care for your pet, there’s always the chance they could break a limb, get sick or eat something they shouldn’t. If your cat or dog ends up in hospital for a few days, the vet bills can potentially escalate. Routine visits to the vet total an average of $397 for dogs and $273 for cats and you should expect to spend an additional $248 for your dog and $159 for your cat, Routine visits to the vet total an average of $397 for dogs and $273 for cats, if you buy health products (such as worm tablets, flea and tick treatments).
Like with most insurance policies, you can choose your level of cover. The varying levels of pet insurance include:
- Accidental injury: This covers physical injuries caused by an accident, such as broken bones, flesh wounds or even snake bites.
- Illness: If your pet is an otherwise healthy animal, illness-only cover helps pay the bills when your pet gets sick. This can include infections, upset stomachs and skin conditions.
- Accident and illness: This comprehensive level of cover incorporates both accidents and illness and may also include some optional extras.
Policies can include de-sexing, microchipping and annual vaccinations. Some policies covers certain non-routine dental procedures. It’s also worth, ensuring that you are aware of whether your policy includes hospitalisaiton, after-hours services and emergency boarding fees if you find yourself hospitalised and unable to care for your pet.
You should note that pet insurance policies generally don’t provide cover for:
- Pre-existing conditions that your pet experienced before you took out the insurance or during the waiting period
- Behavioural problems
- Elective procedures
- Food and diet products and services.
There is generally be a waiting period of approximately 30 days before you can make a claim for your pet for illness. You may also find that some policies won’t cover pets that are younger than eight weeks or older than seven to nine years at the time that you apply.
Unless you have savings available to cover the costs, it can be difficult to help your pet return to good health. Pet insurance may provide peace of mind for the times when your pet needs you most. There are many products available and we can help you with the decision as to which is the most suitable cover for your pet call us on 1300 948 454 for help.