Choosing the right pet insurance for your cat can feel confusing, with so many options on the market and benefits available to you. Many pet owners find themselves asking is pet insurance worth it?
While there are many advantages of pet insurance, from accidental cover to peace of mind for future health conditions, you should consider the types of cat or pet insurance available and choose what is best for you and your furry friend.
We’ve put together this handy guide to help you decide what level of pet insurance you might need, understand the potential costs, and help you make an informed choice.
We understand that keeping your beloved cat happy and healthy is a top priority, and it can be difficult to imagine a time when they may fall ill or require veterinary care.
However, one of the best ways you can look after your cat’s wellbeing is to plan for the future.
Pet insurance can provide peace of mind, by covering the cost of unexpected veterinary bills, as well as protecting your cat from unnecessary suffering by helping you pay for the treatment they need when they need it most.
There are many advantages of pet insurance, it can:
A common question asked by cat owners is, how does pet insurance work? Essentially, it is health insurance for your cat. You select a policy that suits your needs, and in the event of needing veterinary treatment, you can make a claim to cover the costs.
The best time to take out cat pet insurance is when they are young and healthy, as some providers do not cover pre-existing conditions. Cats adopted through Cats Protection have the option of coming with four weeks’ free insurance through Petplan, providing you with peace of mind from the start.
The cost of cat pet insurance will vary, depending on the level of cover your cat needs. Many insurers will allow you to spread the cost monthly, or you can choose to pay in full at the beginning of your policy.
The total cost of your policy, known as the premium, is often calculated based on several factors which may include your postcode area. Here are some things pet insurers may take into consideration:
Choosing the right pet insurance will depend on your personal situation, your cat’s needs and how much protection you think you may need in the future.
For example, if you have an outdoor cat you may choose a policy that covers accidental injuries, whereas for an indoor cat you might be more interested in a lifetime policy to protect them in their golden years.
There are many types of cat pet insurance on the market. When choosing your level of cover, you should bear in mind that you need enough to pay out should your cat need treatment, both now and in the future. For example, even while your cat is young unforeseen problems can occur, a comprehensive policy can continue to cover your cat as it gets older.
You should carefully review your policy terms and conditions to ensure you have selected cover that is right for you and your cat.
Keeping your cat’s vaccinations up-to-date and making sure they are neutered if you don’t intend to breed your cat can help keep your premium low. If you have more than one cat, you could save money by taking out a multi-pet policy.
There are four main types of cat pet insurance available.
In addition to the advantages of pet insurance we have already discussed, some pet insurance providers offer additional benefits such as:
We know that pet insurance jargon can be a little overwhelming, so we’ve broken down the key terms you should know.
A claim is when you contact your pet insurance provider to ask them to pay the sum of money owed to you, under the terms of your insurance policy.
The excess is the amount of money you must pay toward a claim, for your insurer to make a payment. You’ll be able to find details of this on your policy schedule.
Elective or preventative treatments
Routine care such as worming, flea treatments and neutering procedures. These types of treatments are not typically covered by pet insurance.
A pre-existing condition is any health condition or injury your cat may have had before your pet insurance began.
A premium is the total cost of your insurance policy, usually you can choose to pay this monthly or pay in full at the start of your policy.
This is the amount that your pet insurance provider will pay out for a claim.
Cooling off period
This is a period of time at the start of a policy, or at the renewal of a policy, where a customer can cancel their policy and usually a refund will be provided for any premiums paid for that policy year. Most insurers also allow customers to cancel their insurance at any time.
Deferment or waiting period
This is a period of time at the start of a policy where illnesses are not covered. This means that if your cat gets an illness, or shows symptoms of an illness, in that time, your policy will not cover any treatment. For example, if your cat shows the first signs of diabetes in the deferment/waiting period, then your policy will never cover diabetes. Some insurers also include injuries in their deferment/waiting period.