You do pet, anyone used it?

One of my cats is getting too expensive to insure as we discovered the hard way that he is sensitive to certain medications a few years ago. Needless to say we are extremely careful what the vet gives him now so that is generally not a problem any more but we are still paying the insurance annually what they paid out once!

I saw an advert on Facebook for a form of group funded insurance called You Do Pet an wondered if this could be a good solution for him. Has anyone come across it or used it and could give advice on if it is good? Thanks

Comments

  • donnac2558
    donnac2558 Posts: 3,610 Forumite
    First Anniversary Name Dropper First Post
    Seriously you want to believe something advertised on Facebook?
  • sheramber
    sheramber Posts: 19,006 Forumite
    First Anniversary I've been Money Tipped! First Post Name Dropper
    Do you know how it works?

    A member submits a claim and all other members of their group pay a share of that claim.

    So you, Susan join and pay a membership fee. If you have a claim you submit it and the cost is divided up among the other members of the group you have been out in.

    When Dave makes a claim you have to pay a share of his claim. and also for Bob's claim and Jane's claim etc.,etc.

    You may not make any claim in a year but you still have to pay out for other people's claims.

    So, you don' t pay your own claims but you pay a share of everybody else's claims.

    Some will be winners, some will be losers- same as with insurance.

    https://www.youdopet.com/
  • sheramber
    sheramber Posts: 19,006 Forumite
    First Anniversary I've been Money Tipped! First Post Name Dropper
    edited 24 April 2019 at 12:16PM
    deleted as posts have been removed so my post did not make sense anymore
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