Tag: pet insurance

How to Choose the Best Insurance Plans for Your Pets?

How to Choose the Best Insurance Plans for Your Pets?

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If you have a pet, getting an insurance policy for them is important. Just like humans, pets fall ill and their treatments can be very expensive. With an active health insurance policy, you could easily get treatment for your pets at no extra cost or just paying a minimal fee. This will increase the chances of not losing your pet as they could fall ill when you are going through a downtime financially. However, you should choose the right insurance plans for your pets. Some of the ways to choose the right insurance plans for your pets are discussed subsequently.

Know about pet insurance plans

The first thing you want to do when you want to get the best insurance plans for your pets is to know about insurance plans. If you don’t have the right knowledge, you could be deliberately deceived by a shady insurance firm to get the wrong insurance plan so that they can outwit you if you ever need to make a claim.

There are many ways to know about pet insurance plans and one of them is by reading reviews. You can get to know about reliable pet insurance policies and companies by reading about pet insurance on a platform like UK.collected.reviews. You will find pet insurance companies, those who have used the services of the company and their experience with using the pet insurance company. You will subsequently know about the individuals who were happy with their pet insurance companies and pet insurance company as well as those that were not.

From the information gathered, you could know what to look out for in a pet insurance policy and the right pet insurance company to patronize. Apart from reviews, you can also take advantage of pet magazines, pet articles and other pet books to know about different things pet insurance policies should cover.

Get an insurance policy early

It is also important to get a pet insurance policy for your pet early. You shouldn’t wait until your pet is already ill or getting old before you get an insurance policy for it. When this is the case, you might not an insurance policy that will cover the condition they already have and your premium will be significantly higher. However, if you are getting the insurance policy the instant you got the pet while it is still very young and healthy, the premium you will be required to pay will be significantly lesser. Hence, it will be easier not to default on the premium as this is another issue that could make your insurance company neglect you when you want to make a claim even if you have a good insurance policy for your pet.

Consider using professional services

Using professional services have saved many people from getting the wrong insurance policy for their pets. A consultant or professional on pets can easily advise you on the best type of insurance policy for your pet. They can help you read through available insurance … Read More..

Pet Insurance: All About Excess

Pet Insurance: All About Excess

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So you’ve made the decision to take out pet insurance – fantastic. You can now be assured your beloved pet is covered should the worst happen, and you can provide for them in case of an emergency. Obviously, you’ve made the right decision. Find more information about Petplan insurances here!

Unfortunately, the process isn’t quite over yet. It’s not advisable to just sign up to the first pet insurance policy you see; in fact, that’s a sure fire way to ensure you end up being ripped off. Like any other type of insurance, pet insurance has its pitfalls and problems you need to avoid, and arguably the biggest of these is the issue of excess.

Huh? Excess?

If you’ve ever taken out any kind of insurance cover before, you might be familiar with excess. It tends to apply across the board, no matter what you’re actually insuring – but that doesn’t make it any less pleasant. Essentially, the excess is a nominal amount you pay if you need to use your insurance to pay for something. For example, if your cat gets injured and requires an operation to reset a bone, you’re going to want your insurance to pay for that. However, before the insurance company pays out, they will require you to pay the excess fee. You’ll usually have to pay this fee by debit or credit card, and then the company will take over and liaise with your vets to pay the full bill.

The Good Side

One of the great things about excess is that it can help lower your yearly or monthly pet insurance premium. Most insurance policies will have a default amount of excess – anything around 25 / $35 is usual – which you have to pay no matter what, but if you’re willing to agree to an excess above that standard amount, your premium should be lower.

However…

Before you go signing up for the most significant excess amount you can so you can save money on your regular payments, think for a moment.

One of the main reasons people purchase pet insurance is so they can be sure that they’re going to have the money available should their pet need it in case of illness and emergency. If you agree to an excess of, say, 250 / $300 – can you be sure you’ll have that amount every time at concise notice? Because if you can’t, then you won’t be able to pay the excess, and that means your insurance company won’t pay the vet bills.

Your Situation

What to do with this fee depends on your situation. If you are generally financially solvent and could afford a one-off short notice payment of around 100 / $150, then, by all means, set your excess to that amount. It might be worth saving that money in a particular bank account, just in case, it’s needed.

However, if you may have struggle raising that kind of cash at short notice, it’s probably worth … Read More..