40% of all vet bills are for illnesses or accidents that were "unexpected."
li>In the UK, pet insurance covers less than 15% of family pets.
Last year, the average vet bill for care and attention needed after a cat or dog was in a car accident was about. GBP750 - GBP1,000
Two out of every three pet owners in the UK have gone overdrawn to pay for their pet's vet bills at some point in their lives.
All of these numbers are pretty scary. Even scarier is the fact that you don't need any of these things if you have a simple family pet insurance policy and pay a minimum premium of between GBP25 and GBP75 (depending on the size of the pet).
If you want to get insurance for your pet and avoid having any of these things happen to you, you can:/I>
Pet Accident Insurance
As the name suggests, pet accident insurance only covers accidents, which is the bare minimum for pet insurance. Under this policy, the insurance company will pay you back for any costs and expenses you have to pay because of an accident involving your pet (unfortunately, more often than not, this means a road accident).
Pet Accident and Illness Insurance
With pet accident and illness insurance, you get full coverage. This means that if your pet gets sick or hurt in an accident, your insurance company will pay for all the costs and expenses that come with it.
"Excess Amount" (b):
When you're setting up insurance for your family pet, you do need to think about the amount you have to pay out of pocket. As with all insurance policies, the excess amount is the amount you and the insurance company agree you'll pay before you can make a claim. Even though it's a good idea to set an excess amount that covers simple trips to the vet to keep the premium low, you don't want to set the excess so high that you have to pay for care and attention you thought the pet insurance policy would cover. Before you start setting up your pet insurance, you should look at some of your most recent vet bills and try to find a middle ground between these amounts. This will give you an idea of the excess.
