What Do Cat Insurance Policies Cover?
Taking your cat to the vet can be quite expensive, which is why more cat owners are taking out cat insurance policies to help with the costs. If you live in the UK then there are a number of options you can choose from, but be aware that around a third of all pet insurance plans only last for twelve months at a time.
Most pet insurance is capped, that is to say your cat will be covered for vets fees and treatments up to a certain amount. Whatever policy you take out there will probably be an excess, which means you pay a percentage of the costs usually around ten percent and the insurer pays the rest. In the UK there are three main types of cover that you can take out on your cat.
Life cover is probably one of the most comprehensive policies as this covers any vets bills and treatment on a yearly basis and stipulates the maximum amount that your cat is covered for in any given year. The policy may have a limit that covers all types of treatment or you may have a policy with a limit that is made up of several amounts for different things, e.g. accident treatment, annual checkups and vaccinations, medical conditions etc. If the cover does work for different treatments and your cat is ill then you can only claim up to the amount for that particular condition e.g. kidney problems.
Policies that are time limited, i.e. your cat is only covered for twelve months as mentioned above, may seem cheap to begin with but can become very expensive if your cat has a condition that is still ongoing at the end of that period – when you try to renew the policy that condition could be excluded as pre-existent or you may need to take out separate cover for that condition.
Many insurance policies carry excess, that is to say if your cat needs treatment that costs two hundred pounds and the excess is twenty percent then the policy will pay out 160y pounds and you will be responsible for paying the other 40. Co-insurance policies are similar to excess policies in that you would contract to pay a percentage of every bill either ten or twenty percent of whatever the full amount is, the insurance company will then pay the other 80 or 90 percent of the bill.
Your cat insurance should cover all surgery along with other treatments and medicines. Whilst the premiums and excess will cost you a fair amount, it is fair to assume that in a time of crisis or prolonged illness, adequate coverage can save you a great deal of money. The only thing it won’t cover in fact is a preexisting issue, or anything that you have inaccurately claimed on the initial quote request. So being honest and truthful from the outset is absolutely essential.
You need to read all of the small print of an insurance policy, especially one that carries an excess, very carefully before you sign. Some insurers will calculate excess on a total claim, others will calculate it annually or on certain conditions, whatever it is you need to be aware exactly what they will pay and what you will be responsible for if your cat is sick or injured. There may be a variety of ways of insuring your cat in the UK, and you need to find a policy that will cover what you want for your cat and that suits your budget.