Pet Insurance for Small Animals

The Financial Conduct Authority (FCA) introduced new regulations governing the sale of pet insurance which means we cannot give any specific advice or recommend an insurance company.

We can however give you some guidelines to consider when taking out your pets policy. If your pet has a pre-existing condition then it will not be covered, so think carefully if you want to change insurance companies.

Here are some points to consider:

  •     How much are the premiums? Is there a discount for insuring more than one pet or for electing to pay a higher premium?
  •     How much will you be able to claim back from the insurance company? What is the maximum you can claim in a year per condition?
  •     Is it a lifetime policy or will exclusions be added if you make a claim?
  •     What is the excess? How is it calculated? Will this change as your pet gets older or if you make a claim?
  •     Are behavioural consultations and alternative therapies such as acupuncture, homoeopathy and hydrotherapy covered?
  •     What happens to your cover as your pet gets older –what is the latest age that your pet can be covered? How does the premium increase as your pet gets older?
  •     Is third party cover (for dogs) offered – in case your dog injures someone or causes an accident?
  •     Are you covered if you have to cancel your holiday if your pet is ill or seriously injured?
  •     Does the policy cover or contribute towards your pet’s boarding fees if you have to go into hospital?
  •     Is overseas travel covered?

Remember the cheapest cover is not necessarily the best.