Top 5 Myths about Pet Insurance

• Pet Insurance is expensive

When compared with other kinds of insurance, Pet Insurance comes up as one of the least expensive. Human health insurance costs about $80-$100 per month, home and contents insurance is around the same. Pet Insurance is between $20 and $60 per month, depending on the risks associated with the breed and type of your pet. Since the average veterinary bill (after an accident) is around $1700, $20 a month seems like pitons.

• Pet Insurance Restricts Certain Breeds

Depending on if you are insuring a dog or cat there will be different costs associated. Then the age and breed of the animal will come into play. Pet Insurance, like any kind of insurance, premium costs are calculated based on accrual studies that take the risks into account. So no, very few breeds are excluded from Pet Insurance, but depending on your circumstances the premiums may differ.

• Pet Insurance That Doesn’t Cover Regular Vet Visits Doesn’t Give Me Value for Money

Some Pet Insurance companies tout an insurance product that is light on accident and illness claimables, but offers rebates for regular veterinary costs. This does sometimes seem quite appealing for Pet Insurance buyers, however one should be wary. Pet Insurance policies that include regular veterinary fees may bring this to you, at the cost of other claimable items, like massive surgeries and treatments like chemotherapy.

Pet Insurance, just like other insurance products, offers you piece of mind when it comes to large expenses, not day to day. The important detail to think about is can you afford year vaccinations and vet trips, or can you afford to treat your dog if they need a $5,000 orthopaedic surgery? The answer is that you should insure against the one you can afford, not the one you can.

• There is no point having Pet Insurance, vet bills are not as expensive as a car crash

A car crash can be very expensive. That is why you insure your car and why that insurance covers you driving it. Surgery on your pet can also be very expensive. Chemotherapy can also be very expensive. Treatment for a snack bite can be very expensive. This is why it is important to have Pet Insurance for your dog or cat. While there are many other important things or possibilities that you should insure (like your house, car or income), given some circumstances the treatment of legal liability for your pet can cost as much or almost as much as these.

• It’s smarter to save up for vet fees, will be cheaper in the long run

This statement really could be applied to any type of insurance, but Pet Insurance is no different. There are a few reasons why this is the case. Saving your money instead of having Pet Insurance can mean that you end up on top – however this will almost always be because your pet never has an accident or illness. If your pet does have an illness you can expect to pay between $1500-12,000. So basically yes, you could use your savings for this, or you could insure against it.

Get a quote for your dog, cat or horse today!

Call 1300 738 225 or visit www.petplan.com.au

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