September 22, 2017

Do You Need to Get Insurance for Your Pets?

There are many types of insurance for our protection in case of certain unfortunate events.  There’s car insurance for your vehicles and life and health insurance for our family. Home insurance in Australia is also available. Likewise, there’s insurance for your pets. It’s a relatively new market that is worth exploring especially with the rising costs at the vet for your pet’s welfare.

Three main types of pet insurance

The policies for your pet insurance can be accident-only cover, illness-only cover or accident-and-illness cover.

Do you need to get insurance for your pets? Consider this: dogs and cats will, at some point in their lives, encounter life-threatening conditions, whether due to illnesses or a road accident. You can end up with a huge bill from the vet. In fact, it is said that many dogs are put down just because their owners cannot pay for the medical treatment.

With pet insurance, you can save yourself from the hassle of being in this condition. It allows you to claim part, or the full amount in some cases, of the vet bill according to the annual limit.  There are types of insurance for your pets that vary in coverage. The policies can be accident-only cover, illness-only cover or accident-and-illness cover if you’re looking for something comprehensive.

To determine how much cover your pets need, consider the maximum annual benefit of the policy. This refers to the total amount that you will pay every year. You can also consider the different features. Some may offer public liability insurance, for example.

In terms of benefit levels, these can be from $1,500 up to $20,000. Bear in mind that the animal, breed, and your location play a role in treatment costs of certain conditions such as dental issues, ligament injury or tick paralysis. Make sure to consult the vet to understand which health risks may be encountered by your pets.

While many medical treatments are included in the policy, there are also treatments that are not usually covered. For instance, preventative care, which includes parasite control and vaccination, is normally excluded from the policy.

In most cases, pets are considered members of the family, so it is better to get insurance for your pets, not only to ensure that you don’t have to face huge vet bills when something unfortunate happens, but also to give you peace of mind, knowing that your pets will be taken care of, just like the rest of your family.

Does your pet have Australian insurance? Share your insights and insurance advice in the comments section.

About the author  ⁄ Marxa Dillan

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