Whether you have an existing policy or you’re looking to take out insurance, you want to select the best pet insurance plan. While you might diligently compare features and find the right coverage for you when you first take out a plan, it’s important to maintain the best pet insurance policy.

By taking the time to review your policy every couple of years, you can make certain you have the right level of cover and the appropriate features to tie in with your fur pal’s needs and lifestyle. After all, as your dog or cat ages, their health needs or situation may change. It’s essential for your pet policy to reflect these changes.

Things to consider when finding the best pet insurance

Yes, choosing the best pet insurance can be time-consuming. It certainly pays to allow plenty of time to do some thorough research. Having a list of a few important things to consider can be super helpful. Here are a few considerations.

  • Who are the main policy providers?
  • What is the insurer’s track record like? (Do they have positive reviews?)
  • What are the different types of policies?
  • What are the different levels of cover and which would best suit your situation?
  • How do the features compare between different policies?
  • Is it worth taking out any optional extras?
  • What level of reimbursement do you get and how does that affect the price of the policy?
  • Do the exclusions differ between policies?
  • How much is the excess?
  • What is the maximum benefit for each policy?
  • What are the waiting periods?

It pays to take out pet insurance early on. So you have the peace of mind that you’re taking good care of your fur baby.

Having the best pet insurance already in place means that if and when the time comes and you need to make a claim it should be as simple and stress-free as possible!

Making sure you have the right insurance

An important thing to note about insurance is that it’s not a matter of ‘set and forget’. In other words, don’t take out an insurance plan and allow it to auto-renew every year without properly reviewing your policy. Here are a few essential questions to ask yourself at renewal time to make sure you continue with the best pet insurance.

Do you have assumptions about your policy or coverage?

Making a guess about what’s covered can land you in hot water. To avoid this situation, make sure you read over your policy at every renewal and don’t forget to also read the fine print. If you’re uncertain, make sure you contact your insurer to discuss your concerns.

Did you shop around?

As your pet ages, it can be difficult to change insurance companies. Not only are there waiting periods, but there may be issues with pre-existing conditions and some insurers won’t offer illness cover for pets over eight or nine years of age.

However, while your furry friend is still young, it’s worthwhile to check the market, compare plans and make certain you have the best pet insurance.

Want to learn more about pet insurance in Australia? Check out our ‘Pet Insurance Explained’ post, which discusses the basics of pet insurance and looks at some frequently asked questions.

 

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