Pet Insurance - Cover renews each policy term?

neon013

Just contacted The Insurance Emporium with respect to Pet Insurance.


They offered me Monthly or Annual Cover. However their explanation of Monthly cover was different to mine.


They said that if I have £2000.00 lifetime cover for my dog and pay premiums monthly the £2000 is available after each month as per "Cover renews each policy term" i.e. up to £24,000.00 per year. Hence monthly cover is much better than yearly (£24,000 vs £2000). My interpretation was that yearly was the same cover but cheaper for paying upfront.

Can anyone confirm this interpretation and perhaps confirm that this has been honoured by The Insurance Emporium or any other pet insurer?

stator

I've never heard of a monthly pet insurance policy but it might exist. It could actually be a bad thing if when your policy 'renews' it excludes any preexisting conditions. So if your pet gets ill on 27th January you wouldn't be able to claim for any treatment after 31st January.



It's important to make sure you get a lifetime policy, so no matter when it renews, conditions are covered for life and they don't start excluding conditions on renewal.


With pet insurance there really is a massive difference between the best and the worst. The cheapest policies provide poor cover, and the underwritters will try and reject lots of claims. The best providers pay out almost all the time.

sheramber

Underwritten by E&L .Stay well away.

neon013

The policy I was offered was a lifetime policy hence I was not given the understanding that that any condition that had already been paid out on a previous month would be excluded from any subsequent months - in fact the contrary.


The Insurance Emporium is underwritten by E&L and I appreciate that some insurers are better than others - but I have no knowledge or experience of this - so how do I find out the 'best' and the 'worst'?

sheramber

E& L are known for finding reasons not to pay out.

The Rolls Royce of policies is Petplan- more expensive but premiums do not increase if you make a claim. Most other insurers do. Premiums do increase due to increase costs and inflation.

They do generally pay out and vets trust them. They do however take a strict stance on what a pre existing condition covers.

If you have not previously consulted your vet about the pet - even of no treatment was given- then that is not a consideration.

Look at Petplan, Coop, Morethan,

Bought by Many have recently introduced their own policies with some interesting options.

Whoever you decide on read the policy document- not the summary- carefully so that you know exactly what you are covered for. Many complaints arise because an assumption has been made .