What are the consequences of not having pet insurance?
If you choose not to take out pet insurance, then any medical costs or other costs you become responsible for concerning your pet will need to be met from your own pocket. A sudden unexpected bill of any kind can be extremely unwelcome.
In some cases veterinary treatment could run in to thousands of pounds. The costs of veterinary treatment are also rising all the time. Your pet may be unlucky enough to contract a complex condition that requires expensive treatment over a number of years – in these circumstances could you cope without having pet insurance?
The chances of an event occurring which could give rise to a claim are very high indeed. Pets, especially dogs, may spend a lot of time sniffing and licking the ground, so think about all the infections they could pick up as a result. They can get lost, could be the victim of a road accident, or can become involved in an incident with another animal or a human being. Some breeds may be vulnerable to hereditary illnesses and other conditions.
Some people decide to cover their pet to some degree, but don’t take out comprehensive cover. Clearly, less comprehensive cover costs less, but by saving money in the shorter term you are increasing the risk that you will be faced with a large bill in future because your pet insurance plan does not cover the event that has occurred.
For example, some policies are accident only, so there is no cover for any illnesses your pet may contract.
Some policies are time limited, so after 12 months you will either need to renew the plan or take out a new insurance policy. It’s important to remember that any new policy won’t cover pre-existing conditions, so if you take out annual cover and then your pet contracts an illness, once the 12 months are up you will have to meet all future costs arising from that condition.
Some policies do not offer cover for dental treatment, pets getting lost or liability cover if they are involved in an incident with another animal or a human. So if one of these events occurs and your plan doesn’t cover it, again you will be faced with the prospect of paying the costs out of your own pocket.