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The 3 types of pet insurance in the UK
By Frenchie Pid of Pet Insurance Discount
If you're looking to insure your pet against the cost of expensive vet bills, you must understand the 3 types of cover available in the UK: 1. Time-capped or 12-month
2. Per Condition or condition-capped
3. Lifelong
1. Time-capped or 12-month cover You can claim on a condition up to the maximum benefit (financial amount) or for a maximum of 12 months, whichever is reached first. Once the time or financial limit is met, the condition is excluded from the policy and no further claims can be made for this specific condition.
2. Per Condition or condition-capped You can claim on a condition up to the maximum amount, with no time limit provided you keep renewing your policy. You will be given a set pot of money to spend on a condition and when that financial limit is reached, the condition is excluded from the policy. If you have a £6,000 per condition cover and spend £1,000 each year for diabetes, then you will be covered for 6 years.= for this illness.
3. Lifelong Lifelong pet insurance will give you an annual pot of money to spend in vet fees, regardless of the number of different conditions. This annual fund is replenished each year on renewal, so if you opt for a £4,000 lifelong cover, you will get £4,000 in year 1, £4,000 in year 2, £4,000 in year 3 and so on, provided you keep your policy renewed. If you claim on a condition, it will never be excluded as you will always have funds available.
This quick summary will hopefully help you find your way through the pet insurance maze. |
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Howdy I'm Mishio Tsenaka, Thank you for sharing this. I have a six year old brindle boxer named "Goose" and I had never even considered pet insurance. Lately however, I've noticed that it's not as easy for him to jump up into my jeep (a jeep is much higher than a car -from the ground to the surface of the seat it's about three feet high). He used to go flying in through the door from a few feet back, and then have to pull up real quick before to avoid hitting the opposite side door. I'm smiling just talking about it -it's been making me smile for many years now. He hates being left home alone, so when that jeep door opens (like I said) he was on a mission. I work from home so he has always pretty much gone everywhere with me (even when we go out to dinner or something like that he comes along and waits very patiently in the jeep). Recently however, he stands at the door rocking back and forth (a little timid like) and then just barely makes it up onto the seat. It's really sad watching that, because it reminds me that he's getting older (they say boxers only live to about 12 years). After screening your current intel, I searched around to find your published intel and website, because you got me very interested. I'm assuming that those UK companies only insure UK pets -is that true, and/or would you be able to recommend any companies in the US (Western NY State if that matters). Mishio Tsenaka
CONTRIBUTOR'S REPLY
Hi there UK companies only insure pets in the UK but there are quite a few firms in the US. I couldn't recommend any in particular but some names are VPI, 24Petwatch, Embrace, Petplan. Remember that if your dog has had veterinary treatment already for a condition, this specific condition will not be covered by your insurance. Good luck!
Just a rider to caution dog owners wo be wary, as insurance companies like to make a profit and are not charitable organisations. Read the small print, every word of it, as we were caught out badly by M&S who are the most expensive so we thought 'you get what you pay for, so go with the best'. How wrong we were. When our much loved dog Kees, got sick from a massive tumour on the liver, he had to be put to sleep. The vet bill for treatment and euthanasia came to around £500, and we sent it off, expecting to pay the usual excess. M&S refused to pay it, their reason was that as we had just renewed the insurance a month previously, and paid by DD, the rest of the year's premium was taken off the claim with the result we got nothing. Rather than treating DDs as monthly insurance continued while DDs arrive, they treat it like a loan of the year's premium which you are paying monthly, and which becomes due if you claim. So we lost our lovely dog and got no insurance, despite having paid them several thousands and making no claim up to them.
Now we are with Animal Friends insurance who do not act like this, if a dog dies the insurance is just cancelled and the claim paid in ful [less excess]. They also support animal charities, so are non-profit making, unlike M&S who are money grabbing. M&S is Marks and Spencer, a company which once had a good name, but not any more. I will never shop with them again. It pays to read the small print very thoroughly.
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This intel was contributed by djtearz
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May, 2012
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