3 Things to Check Before Renewing Your Pet Insurance

Rachel
by Rachel

Pet insurance can be a useful safety net when an unexpected vet bill arrives, but your policy may not look quite the same at renewal. 


Premiums, excesses and coverage can change, so it’s worth spending a few minutes checking the details before letting your policy roll over.


Here are three things to look at first.

1. Check What’s Actually Covered

Start with the basics: does your policy still provide the level of cover your pet needs?


Look at the annual or per-condition vet fee limit, exclusions and whether ongoing conditions are covered.


This is particularly important if your pet has developed a health issue during the previous policy year.


With lifetime policies, conditions can generally continue to be covered when you renew, subject to the policy terms. 


However, switching insurers can mean losing cover for pre-existing conditions, so a cheaper quote isn't necessarily a like-for-like replacement.

Extra Tip: Read the Fine Print on Dental Cover

Dental treatment isn't always covered by pet insurance, or it may only be covered under certain circumstances. Check your renewal documents to see whether dental accidents and illnesses are included, and whether there are any conditions attached to making a claim.

2. Look at Your New Excess

Don't just look at the renewal price. Check how much you'll actually have to pay if you make a claim.


Some pet insurance policies have a compulsory excess, while others allow you to add a voluntary excess to reduce the premium.


Some may also introduce a percentage-based co-payment as your pet gets older.


A lower premium might sound appealing, but make sure you could comfortably afford the excess if your pet needed treatment.

 

It's also worth checking whether the excess has increased since your last policy year.

3. Compare the Renewal Price

Finally, see how your renewal quote compares with other policies.


Pet insurance can become more expensive as a pet gets older, and switching may affect what you're able to claim for in the future. 


If your pet has developed a condition, changing insurers could leave that condition excluded from the new policy.


If you do compare quotes, don't look at the price alone.


Check the level of vet fee cover, excess, exclusions and whether the policy is lifetime, annual or another type of cover.

Final Thoughts

Taking a few minutes to check the small print could help you avoid an unpleasant surprise when you need to make a claim.


What else would you check?


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Rachel
Rachel

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