What factors will determine the cost of a policy?<\/strong><\/h2>\n\n\n\nFive key factors influence the risk your pet represents to the insurer and the price they need to charge:<\/strong><\/p>\n\n\n\n\n- Breed <\/strong>\u2013 some breeds are more susceptible to specific conditions than others<\/li>\n\n\n\n
- Where you live<\/strong> \u2013 a veterinary practice\u2019s pricing policy will be influenced by the local cost of living<\/li>\n\n\n\n
- Sex <\/strong>\u2013 again like humans there is a significant difference in the risk or costs of illness between males and females.<\/li>\n\n\n\n
- Age <\/strong>\u2013 like humans, the risk of pets becoming ill increases as they get older<\/li>\n\n\n\n
- Type of vet\u2019s fees covers<\/strong> \u2013 see the major types of the cover opposite. The more restriction and limitations to your pet\u2019s cover the less the insurer is likely to have to pay out<\/li>\n<\/ol>\n\n\n\n
Considerations when choosing a policy?<\/strong><\/h2>\n\n\n\n\u2022 Insure your pet as soon as possible
<\/strong>Your pet may be happy and healthy now, but insuring as early as possible reduces the chance of your pet suffering illnesses and injuries which may then be excluded from an insurance policy.
\u2022 Make the right choice the first time
<\/strong>Consider what you want from your policy, check the amount of the cover is sufficient and if your pet is ill or injured the vet\u2019s fees cover will pay out for the things you expect it to \u2013 both now and as your pet gets older.
\u2022 Always read the small print
<\/strong>Read the Terms and Conditions \u2013 these are normally available on their website or on request and will provide details of exactly what is and isn\u2019t covered.
\u2022 Do NOT choose on price alone
<\/strong>Pet insurance policies do not all work in the same way. The type of vet fees cover is the biggest area of difference between policies and can affect the price. The main types of cover are explained later on.
\u2022 Do NOT just choose the highest vet fees benefit
<\/strong>The monetary amount is important but a high level does not necessarily mean better coverage. Be certain of the type of cover you buy as this will determine how much and for how long some conditions are covered.
\u2022 If in doubt, ask!
<\/strong>If you aren\u2019t sure whether a particular policy will meet your needs, call the provider and ask \u2013 it is sometimes easier than picking your way through several different websites or a bundle of brochures from the vet.<\/p>\n\n\n\n