Anyone who owns a pet will tell you that veterinary fees can be rather daunting. In some cases, pet owners can end up seeing veterinarian bills for some procedures/operations that can cost £2,000 or more. Just a few of the different costly conditions that you could encounter will include cardiac issues, hernia, tumour, arthritis, hyperthyroidism, diabetes and more.
While there are always a lot of people who state just how high the cost of pet insurance might be, there are also several different factors that you need to take into consideration when you are buying pet coverage. You need to know all of the differences in what is covered when it comes to certain chronic conditions. There will also be coverage options for the veterinary fees. Some of the cheaper versions will pay out for conditions over a set period and have a cap on the entire amount. Others will have payment for a capped version on one condition per year. The best are options that offer lifetime coverage as long as all of the premiums are paid up to date.
There are certain breeds that are known to be a lot more prone to specific health conditions or malformations, so these can be factors that determine premiums. With Saga Saver coverage, which is the most popular policy by the insurer, the cost to cover a Chow Chow dog will sometimes cost roughly four times more than the coverage for a mongrel breed that is the same sex, age and in the same location. It could end up being worth it to ask the breeders association if they happen to recommend a particular insurer for a certain breed. A pet insurance comparison site can then allow you to narrow things down and get the best deal.
Excess is the portion of the claim that the claimant will pay on their own. Check on how this is applied. The excess will usually be pitched in a different manner depending on the type of pet that you have. With any insurance, the excess that you choose, should there be an option, will impact the premium.
Where you live can have an effect on premiums simply because of the costs of the veterinary treatments. For example, a vet that is in Wales will be much more likely to charge a lower fee than one who is located in London. Not only does quality of life play a role in the health of certain insurers, but it may be perceived that a pet that lives in a rural area will get more exercise, etc.
Once a pet ages, the cost of insurance will start to grow. LV= will quote a yearly premium that is about £134 for an Essential policy on a two year old, small mongrel that is living in Bournemouth. Using the same criteria, the cost on a mongrel that is 10 years of age would be about £305. A two year old Irish Wolfhound will quote in just over £576, however a 10 year old one will have a cost of around £1,723 for insurance coverage.
There can be a number of pre-existing conditions that a pet will have, such as diabetes, arthritis, chronic kidney issues and more. You should be checking to see how these conditions will change the cost of coverage.
This is a good option for dog owners, whether you have a farm or a household. You can purchase this with a Dogs Trust membership costing about £25 annually or just £12.50 once the owner reaches the age of 60.