If you've ever wondered about the benefits of insuring your pet, you might want to consider the following tips to find out why you should consider pet insurance:
<li>1 in 3 pets will visit the vet this year for treatment
<li>40% of all veterinary costs are due to "unforeseen" illnesses or accidents
<li>less than 15% of pets in the UK are covered by pet insurance
<li>the average veterinary bill for care and attention required following a motor vehicle accident involving a cat or dog last year was approx. £750 - £1,000
<li>2 in 3 pet owners in the UK have admitted to being overdrawn at some point in their lives in order to pay their pet's vet bills.
All of these statistics are pretty scary. They are even scarier when you consider that this will be a simple family pet insurance policy, paying a minimum premium of between £25 and £75 (depending on the size of the animal) , all this is completely useless.
<I>If you want to insure your pet and prevent any of these stats from happening to you, you can choose from:</I>
<b>Pet Accident Insurance</b>
As the name suggests, with pet accident insurance, you get the basic minimum in pet insurance – accident coverage. Under this policy, the insurance company will reimburse you for all costs and expenses you incur as a result of your pet being involved in an accident (unfortunately, most often it is an accident of the road).
<b>Pet accident and illness insurance</b>
With pet accident and sickness insurance, you get full coverage; that is, your insurance company agrees to pay all costs and expenses incurred as a result of your pet's illness or accident.
<b>Excess amount</b>
One thing you need to keep in mind when purchasing your pet insurance is the deductible amount. As with all insurance policies, the excess amount is the amount you and the insurance company agree to pay before you are entitled to claim the insurance policy. While it's always a good idea to set a deductible amount that would cover you for any mundane visit to the vet, in order to keep the premium to a minimum, you don't want to see the deductible too high that you end up having to pay for. care and attention that you thought was covered by the pet insurance policy. It is therefore advisable to take a look at some of your most recent vet bills and try to find a way between these sums to get an idea of the excess before you start arranging your family insurance for pets.
