Choosing the right pet insurance

Why get pet insurance?

For most of us, our pets are important members of the family, and when they’re in pain, it hurts us too. Unfortunately this pain often extends from our hearts down to our wallets, and we’re left balancing the needs of our pets with the cost of medical attention.

A good way to manage this concern is to take out pet insurance, which is basically health insurance for your pet. The level of cover will depend on the policy that you take out, but it can cover up to 80% of the financial burden of veterinary treatment up to $14,000 a year, providing peace of mind for you and urgent medical attention for your pet.

Different types of pet cover are available, from a very basic level to more comprehensive cover. Obviously, the more that’s covered, the higher the cost of your insurance premium.

Accident Only Cover

Accident Only Cover is the most basic and affordable type of pet insurance. There is usually no waiting period to claim benefits (you are covered from the day after the policy commences), and you can take out this type of cover from the time your pet is eight weeks old with no upper age limit.

It’s perfect if your pet is healthy, you have regular treatments under control and you’re just looking for something to help with unbudgeted costs should an unexpected accident occur. Keep in mind Accident Only Cover does not include treatment for illnesses and excludes any type of pre-existing medical condition.

Accident and Illness Cover

Accident and Illness Cover provides more protection for your pet by including treatment for illnesses as well as injuries caused by accidents. Like Accident Only Cover, your pet must be at least eight weeks old to be covered, but with this type of cover there is an upper age limit of nine years. There is also usually a 30 day waiting period for benefits covering illnesses.

This is a great option that provides cover for a range of illnesses, including common problems like ear or eye conditions, gastro problems, skin conditions and cancer. Keep in mind that pre-existing conditions are excluded.

Accident and Illness Cover including Routine Treatment

The most comprehensive level of pet cover is an Accident and Illness policy which includes Routine Treatment Cover. The age limits and waiting periods are the same as for Accident and Illness Cover, but it adds the extra protection of covering regular preventative healthcare. This means that on top of cover for accidents and illnesses, you could also claim benefits for a range of regular treatments including annual vaccinations, de-sexing, micro-chipping, worming treatment and even council registration fees.

Pet insurance pointers

  • Once you take out pet insurance, your cover is guaranteed to be renewed throughout your pet’s life, provided there is no break in cover.
  • There is usually a six month waiting period for cruciate ligament injuries, but these can be waived at your insurer’s discretion.
  • As with all insurances, read the product disclosure statement carefully, as some may have exclusions like pregnancy, elective procedures and pre-existing conditions.

Any more questions?

If you’ve got more questions or are ready to buy pet insurance, call Choosi today on 13 55 55. We can help your pets get covered for the medical attention they’re sure to need down the track, and help you avoid financial drama when it happens.

These articles are provided as reference material to allow more informed decision making, but are not intended as being a complete source of information on any topic. All readers should make their own independent analysis on the topic to make sure they have considered the aspects that are important to them.