Pet owners will be at serious risk if they underestimate the time and expense that having a sick or injured pet can have on their lives as fees for vets are expected to continue to rise by 20 per cent over the next three years. It has been approximated that 40 per cent of the cost of owning a dog goes towards unexpected vet’s visits and that only 12 per cent of the UK’s 13 million dog owners insure their pets. It is said that because different insurers reimburse claims per year or per condition and place some limits on particular claims, consumers are perplexed as to which policies are best to take out.
A cat typically lives for 14 to 15 years and its care can cost as much as £9,500 in its lifetime. A dog lives for around 13 years and costs between £500 and £1,000 a year on average. It is really fortunate for the owners who are already paying a small fortune to take care of their cat may be reluctant to purchase insurance, especially when annual premiums can be as high as £200 for those living in London. Pet insurance swathe vets fees, treatment for long-term conditions, death by illness benefits, death by accident benefits, rewards and expenses for stolen or lost pets, and dental treatment. But many policies are not as excellent as they can be. Others will only allow claiming once for each condition and it is better to make sure the limit per claim is more than £5,000.
Somehow, buying pet insurance is much the same as buying home or motor insurance. It has to be remembered that the cheapest may not necessarily be the best since it may not cover claims likely to arise for pet’s particular circumstances. The study warns that choosing the cheapest insurance may require the buyer to pay as much as 35 per cent of expensive treatments and is it better to go through a complete study before getting any kind of insurance policy. The best policy is one that wraps a pet for its lifetime.
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