Pets insurance

Mudbath

GhostHunter wrote: »

Thanks Mudbath

I think I will keep the dogs, the the husband and the insurance :rolleyes: :rotfl:

The insurance is due for renewal in a couple of months so I will look around and be ready to switch as was considering it anyway after the tit for tat customer services last year!

Thanks

I'd say keeping the dogs is a definite.....keeping the husband is optional!! :rotfl: xx

tyllwyd

I'd say pet insurance was probably more important on a DMP than if you aren't - you won't have access to credit, or enough savings, to cope if something happened. At least with the insurance it's all agreed up front with your creditors at the start, which is much better than having to pay vet bills and then not being able to make the monthly DMP payment.

leiela

This is something i've been wondering about recently i have 2 cats and a dog... the insurance quotes i've looked at have been HUGE in comparision to the payments in vet bill's i've payed for my animals over the years.

In 10 years of owning my animals i've paid ... £500 total on the dog, £2100 on the cats (stupid cat jumped out of a 7th floor window) total = £2600. per month that would have been £21 per month and tbh i think i was DAMN unlucky.

If we count my pets over the last 20 years that figure go's down dramatically as my old cats never needed anything except when they got so old and sick that putting them down was the only answer i had maybe 10years of owning 2 cats that needed nothing at all.

Insurance costs £20 for both cats was the cheapest i could find, with a £85 exess which would have ment i would have had to pay for my cat's most recent treatment in full anyway. £17 for my dog and with her that was £50 exess and 20% of treatment, so my last trip with her £500 would have cost me £150 anyhoo..

Anyway totals ... both cats + dog £37 per month... a total of £4440 over the 10years and would have left me paying for £320 of the treatment they have recived, cashing in at £4760 much more than the £2600 i have actually paid in vet bills.

Now don't get me wrong because i didn't have insurance when my cat fell it hurt, £2000 is alot of money to pay out in one chunk.

But i think i got pretty darn unlucky with my cat, i think most pets live out thier lives without needed such expensive treatment my previous 2 cats certainly never needed anywhere near that kind of money spent on them and sadly in my experience when treatment is needed it is often to put our beloved pets to sleep.

I find insurance company's as a whole are i nightmare when it comes to coughing up money owed and often try and find loop holes to wriggle out of, over the last 2 years alone i've had 4 major claims wriggled out of on a techincality.

So in the end what i've decided to so is to self insure my pets, and as well as many other things in my house i was previously spending out money for.

I have a savings account and i pay into that account what i would otherwise be paying in insurance for all the various bits and bats around my home, when something breaks or a pet needed treatment i'll take it from there instead secure in the knowledge that i won't wiggle out of paying myself.

I can't say how it's going so far as i've only just started but this is something my dad has done sucessfully for years, he reccones he pay's half of what the insurance company's charge into his account and he's never been left short yet, even when his house was burgled he manage to replace everything out of his pot.

right now i'm paying the full amount in (exactly what i would be paying to a insurance company), as i want to build up a "pot" but im hoping that in a few years ill be better off self insured and can lower the payments to myself.