Dog Insurance Glossary
We have included a glossary so you can understand the key
components of a dog insurance policy. As insurance policies
vary from insurer to insurer these are the main features of
each policy document.
| General Description |
Average Price |
| Claim Basis |
Claims for veterinary fees are
paid in two ways, “per year” or “per condition”. If your
policy provides “per year” payments, then any claims for
veterinary fees will be paid up to the limit provided
by the policy and will continue to be paid as long as
the policy is renewed each year. If your policy provides
“per condition” payments, then any claims for veterinary
fees will still be paid up to the limit provided by the
policy, however, once this limit has been reached, no
further payments will be made. For example, your policy
may provide £5,000 towards any veterinary fees you incur,
if the policy provides “per year” cover then the £5,000
is given each policy year, provided that you continue
with the insurance. For “per condition” policies, once
the veterinary fees have reached the £5,000 limit, no
further cover is given and you will then be responsible
for any veterinary fees that are due. |
| Max Vet Fees |
Some companies place maximum vet
fee levels on a single condition. Pet Protect do not do
this, so the maximum you can claim on a condition is Unlimited
for the lifetime of the pet. For example, a policy may
provide “£5,000 per condition” cover, which means that
the maximum that this policy would pay for each separate
incident would be £5,000 in total, and once this limit
is reached, no further payments would be made. Other pet
insurance policies may provide “£5,000 per year” which
means that this policy would not limit the payments made
for each separate incident and would therefore, provide
“unlimited” cover. The payments made would be limited
to £5,000 per year, but, provided the policy is renewed,
payments would still continue for the rest of the dog’s
life. 5 |
| Time Limit |
Some pet insurance policies have
a ‘time limit’ applicable for payments made
for veterinary fees. For example, a policy may state that
a 12 month time limit is applicable. This means that any
payments made for your pet’s illness, injury or
disease will not continue once a 12 month period has been
exceeded. if no time limit exists the insurer will continue
payments towards veterinary fees, provided that your policy
is renewed each year. |
| Life Time Cover |
Policies that provide “lifetime
cover” will continue paying for veterinary fees
for any illness, injury or disease that requires ongoing
treatment, for the life of your dog. This benefit is provided
as long as you renew your dog insurance policy each year.
|
| Liability |
If your dog injures someone or
they fall ill or are killed, you are, as the owner, legally
liable. Liability amount specified how much you are covered
by against and compensation and costs awarded against
you and costs and expenses involved for defending a claim
against you. |
| Cooling Off Period |
A set number of days from the
start date (or renewal date) to review your policy. It
is a period for you to review your policy and if not satisfied
the insurance company has to cancel the policy once you
normally return the policy and Certificate of Insurance
requesting that your cover be cancelled. Your policy will
be cancelled and any already paid premium charges will
be refunded, provided no claims have been made. |
| Excess |
The first part of the cost of
a claim which the insured has to bear in accordance with
the terms of the policy. If you have a claim for £5,000
and in your policy you have an excess of £100 pounds,
You will only receive £4,900
|
| Waiver of Premium |
A situation where if the person
paying the insurance premium is unable to pay due to an
accidental injury, illness or involuntary unemployment,
your insurance company may cover your premiums for a set
number of payments |
What Are My Options When it Comes To Dog Insurance?
Over the past number most of the major insurers have entered
the pet dog insurance market offering a variety of products
and health care insurance for your dog. Each insurer offers
different policies and benefits so it's important to read
carefully down through them to see that they meet your dog's
requirements. We have listed the main dog insurance providers
in the UK so you can quickly see the benefits of each insurers
dog policies and which one is best fit for your best friend.
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