subject: Cat Insurance Provides Financial Peace of Mind [print this page] Cat Insurance Provides Financial Peace of Mind
Your lovable and cute new furry ball of fluff might be your best friend but at times your new pet could become a financial worry if the worst case scenario arose. If your pet should become seriously ill it might mean a stay at the vets and a great deal of tests, treatment and medication all of which add up to a great deal of money. The same could apply if your pet has an accident such as being knocked down. This is only just the beginning when it comes to paying out but is one of the reasons why cat insurance is taken out.
Finding cat insurance the easy way
There are usually many ways to take out insurance for your cat. The vet may work in league with pet insurance providers and offer insurance, you could find your life insurance provider offers cover for pets or you might want to take an easier option and search and compare for insurance online. The internet option is one of the easiest when it comes to comparing the cost of cover and what you get for your money. Not all insurance providers offer exactly the same. While they might cover the same benefits, the limitations and exclusions could vary significantly. With this in mind when comparing the cost of insurance for your furry friend, you also need to compare the limits, exclusions and the amount of excess the insurance provider asks you to pay.
So what should you look out for when taking out cat insurance? The portion that you have to payout towards any claim that you make can make a difference to the cost of insurance. The higher the excess, the cheaper the insurance premiums and while you might think this is a good idea, bear in mind that you have to find this money out of your pocket if a claim has to be made. However if you want to take a risk then you could look for a policy with higher excess to save on the insurance premiums and hope that you do not have to make a claim. Make more than one claim in the same year and of course you have to pay excess more than once and any savings you might have made could be destroyed.
Checking any limits as to the maximum payout is also a great idea. For instance there will be a set amount that the insurance provider pays out in the event of your cat having to have medical treatment or if your pet is stolen.
Benefits within a policy
There are some benefits that are typical to an insurance policy. However bear in mind that not all providers offer the same benefits so it pays to check the small print of any cat insurance you are considering taking out. You may find that the insurance provider covers the death of your cat due to accident or illness. It could also cover theft of your cat, up to so much of your vet's bills and much more.
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