Looking For Pet Insurance?
Do you have life insurance, car insurance, contents insurance but no coverage on your family pet? Pet insurance covers the costs of veterinary treatment, sickness and injury in varying degrees dependent on the chosen policy. Also taken into account are when the pet is stolen/lost or when the pet dies. The most common animals to be insured are dogs and cats, as it offers peace of mind in times of emotional distress for animals that are constantly on the move. A key feature of the best pet insurance policies is that the premiums you pay go towards the protection of other animals, equating to a worthwhile purchase that supports pet ownership and wellbeing.
All pets, at some stage of their lives, will require medical treatment. The severity differs, but the unexpected can occur when your finance is placed in other areas of life. Many companies in Australia offer pet insurance to owners, but navigating through their options can be a daunting process for anyone new to the coverage.
Types of Insurance
Pet insurance generally falls under two needs: accident and illness based.
Policies describing accident insurance cover a pet for when they sustain an injury that is viewed as an accident. This can be through being hit by a vehicle, attacked by another animal other circumstances unexpected by the owner.
Policies covering Illness insurance (often called comprehensive) are more expensive and offer a greater range of support, including treatment for ongoing illnesses or infectious diseases. As each breed of pet requires differing medical attention, it is wise to perform research prior to deciding on which type of insurance suits your situation.
Minimum pet age for insurance is usually 8 weeks, while the maximum age extends to 9 years.
Australia’s Best Policies
The following policies not only provide owners with value for money, but they also take varying factors into account for those concerned with specific issues.
Pet Insurance Australia – http://www.petinsuranceaustralia.com.au/
PIA is one of the leading bodies in pet insurance. Internationally renowned and recognised, they refund up to 80% of vet bills and cover necessities such as worming, vaccination and more. As well as the accident and comprehensive cover types, PIA offers ‘major medical’ which adds routine care to the comprehensive insurance option. This covers cancer treatment, eye/ear illnesses, skin conditions, gastrointestinal problems and infectious diseases. The annual benefit limits are $8,000 on accident and $15,000 on comprehensive and major medical, while all options cover your pet overseas and through surgery. Excess is between $100 and $200. PIA includes discounts for each additional pet added to the insurance cover.
RSPCA Pet Insurance Australia – https://www.rspcapetinsurance.org.au/
Similar to PIA and most pet insurance policies, RSPCA will pay up to 80% of vet bills. The maximum benefit limit is $11,000, there is no excess to pay and you can use any licensed vet in Australia. One of the key benefits of the RSPCA is their stress free claims process that is fast and personalised, unlike many other services tat require weeks of organisation. Lifetime cover and multi-pet discounts apply, and portions of the premiums go towards supporting the company. Three options are available to pet owners: basic, economy and ultimate. Each covers accidental injury, but the basic has only a $7,000 maximum benefit, doesn’t cover paralysis ticks and lacks illness protection.
Other notable finds –
Pet Plan – http://www.petplan.com.au/ – have advertising and reward coverage should your pet be lost (up to $2,000) and holiday cancellation (up to $2,000). Loss by theft, death from injury, death from illness and quarantine expenses also form parts of their premium coverage package.
Medibank Pet Insurance – http://www.medibank.com.au/pet-insurance/ – save 10% off your coverage if you are a Medibank health member.
Bow Wow Meow Pet Insurance – https://bowwowinsurance.com.au/ – provides a free pet ID tag, tick paralysis benefit, emergency boarding coverage and overseas insurance. They have received awards such as Australia’s best pet insurer and best pet insurance on the market by numerous comparison websites.
Spend some time getting to know each policy to understand the best fit for your pet and family. Your lifestyle and the environment your dog/cat lives within are important factors to consider, as well as their breed and the illnesses they are susceptible too. For more information, please follow the links in the article or alternatively call your local veterinarian for specific advice.