Pet Insurance - old cat - renewal costs

Tammer

Hi,

I have had a cat since 2006 when she was 6. She's now 16 and has had a few insurance claims for vet bills in recent years - injuries from other cats, kidney problems, pre-cancerous skin growths.

I got her renewal through on Friday from M&S. £830. I think the excess is £150 although i'm not 100% sure.

I am thinking of self insuring from now on because of the cost however the last vet bills were just over £1000 over the last 12 months.

I'm wondering what the recommendation would be from others here? It's a huge cost but I recognise that vet's bills are now really expensive and I would be running a significant risk by DIY.

Many thanks

dacouch

Can you afford to pay £2000 or £3000 if needed?

sheramber

You will pay £830 + 150 = 980 before you can claim anything back.

If your bills are £1000 then you are quids in, if less than £980 then you have paid more in insurance.

It depends on how likely you are to claim.

Could you put the monthly premium plus the excess away in separate bank account? If you did that could you pay a large bill before you had built up a large sum. Could you use a credit or get a loan if needed?

i did self insure with one dog when he got to an age when I would not involve him in any involved treatment, but he did not have any record of claims and apart from old age was healthy.