subject: How Can Dog Insurance Help You Financially [print this page] How Can Dog Insurance Help You Financially
Anyone owning a dog could benefit from taking out dog insurance. There is no getting away from the fact that owning a dog is a huge responsibility and that it often comes with large costs if and when things go wrong. Taking out insurance could help you out financially and ease the worry.
What does insurance give the owner?
There are many things included in a dog insurance policy. The amount of cover and any limitations would of course depend on the insurance provider you took the policy out with. Certain events and situations are usually covered and these include:
Help towards your vets fees which might include treatment, medication and tests.
A policy to cover the death of your pet through accident or illness. Usually the policy pays out the cost of your pet when you bought it.
Third party liability insurance is usually included in your dog insurance. This would help you with the legal costs if a third party took you to court if your dog hurt someone or damaged property.
You might get financial help towards your pet staying in a kennel or cattery if you have to stay in hospital and there is no one to look after your pet.
Your dog insurance policy could help to pay towards the recovery or your pet if they are stolen or lost. This could be towards advertising costs and a reward.
Things you need to know about insurance
There are some things you need to know about dog insurance. Luckily when you search and compare for insurance online you are able to check out the terms of the policy to ensure that you know exactly what you are getting for your money. Always check out the summary then download the PDF documents and go over these carefully before taking out the cover. Here are some of the things that you need to check out:
The excess
The limits on the policy
The exclusions in the policy
The excess is what you have to pay out if you have to make a claim on the insurance. This sum of money has to be paid in a lump sum before the insurance provider will pay the rest of the claim. There is a minimum amount of excess that you have to find but there is nothing to stop you from offering to pay more. If you offer to pay more it can help to keep down the insurance premiums. However you could lose any savings you make this way if you have to claim on the insurance more than once. Insurance providers always put limits on the total amount they pay out so check what the maximum sum of money is that you could claim back. Finally check out what the exclusions are in your dog insurance policy. These are the things you cannot claim for and they may vary depending on the insurance provider. It is better to find out what these are to avoid any nasty surprises if a claim has to be made.
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