subject: Why Do You Have To Have Cat Insurance? [print this page] Why Do You Have To Have Cat Insurance?
If you own a cat, then you pretty much need to get cat insurance. The central purpose of cat insurance is to give you cash when you need to pay the vet, and for this you need to provide an annual or a monthly premium payment. You could, of course take the cash that you would have spent on cat insurance and put it into a bank instead. If you do this, if your cat remains in good shape, then you can hang on to all the money you have stashed away, with additional interest. On the other hand, if anything were to happen to adversely affect your cats health, then the chances are that this fund would be insufficient, and you might have to take out a loan or have the cat put to sleep. While you might not want to think about the latter option, this is a problem that most uninsured cat owners have to face at some stage. The only way to solve this dilemma is to buy cat insurance.
However, not all cat insurance policies are created equal. For instance, if your cat were to develop a chronic condition such as diabetes or epilepsy, then they would need medical care for the rest of their life. A number of policies include a feature known as lifelong care, so that if your cat does develop such a condition, then any medical expenses will be met by the insurance company as long as they live. However, some lifelong care policies have a cap on the amount of money that policyholders are entitled to after the diagnosis of the condition, or a time limit on how long they will continue to pay the veterinary costs for. For instance, if your beloved pusscat developed diabetes, and your cat insurance lifelong cover policy was financially capped, then the insurer would have to pay out for vet bills for the rest of the cats life, as long as the total did not rise above a certain amount. Similarly, if you had a lifelong cover policy that was time capped, then your insurer would be obliged to pay a certain amount for a certain length of time, such as a year, but would refuse to pay out any extra after that time. So, it it is well worth the extra to get complete peace of mind.
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