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Pet Insurance – Is it for You?

Pet Insurance Australia takes a look at the facts that is causing so many Aussies to join in the trend and comprehensively insure their beloved pets.

Pet insurance is one of the fastest growing sectors of the insurance market. But why is this growing trend quickly becoming a must for most pet homes?

For many new pet owner’s, it’s around this time of year that their adorable Christmas ball of fluff is fast becoming a cat or a dog. As their needs grow, in many cases, so does the impending vet fees.

With such an increase in the available treatments open to our cats and dogs, it’s no wonder the cost of vet care is not cheap. In fact, 20 years ago many of the life saving techniques now offered by veterinarians across Australia were not even a consideration for our precious pets.

From cancer treatments to surgical advancements, diagnosis, and much more, vets are now saving more companion animals from life threatening disease and injury than ever before.

This impressive technological breakthrough in Veterinary Medicine, has saved countless lives that would have once been lost, however it has come at a cost. 

For a common vaccination and a check-up the costs can range from $80 to $120. However, if your new pup or kitten does require veterinary treatment for more serious conditions the costs can reach into the thousands.

So how does pet insurance help with all of this?

You can claim up to 80% of eligible vet costs. This means on a high end procedure such as a complex fracture or foreign body ingestion complication you could be reimbursed as much as $10,000 on a vet bill of $12,500. For any pet owner, this is a huge saving and can mean the difference between life and death. Double income, no kids, or the family of five, in today’s world and the current cost of living finding a quick $12,500 is simply not an option.

TOP 5 Kitten Claims Top 5 Puppy Claims

Diarrhoea – $100 – $600 Otitis Externa (ear) – $100 – $1,500

Conjunctivitis – $100 – $900 Conjunctivitis – $100 – $300

Lethargy  $350 – $2,500 Diarrhoea – $150 – $1,500

Foreign Object – $500 – $4,500 Ear Infection – $100 – $100

Eye Conditions – $100 – $350 Vomiting – $300 – $6000

Top Tips for Purchasing Pet Insurance;

The most important part of pet insurance is understanding the fine print and what you are actually covered for.

  • Read your PDS (Product Disclosure Statement) before signing up.
  • Ensure you have a full understanding of what your policy covers and what is doesn’t.
  • What other benefits do you have? Vaccinations? Dog Training etc. You may be covered for things you don’t know about.
  • Ask about waiting periods, caps on certain claims and pre-existing conditions.
  • First time claims will require a vet history. This is to rule out any pre-existing conditions. Having this information easily accessible and keeping note of all of the vets your pet visits can help fast track claims.

Approx Cost of Top Claims

Gastric Dilation – $1,500 – $8,500

Elbow Dysplasia – $1,200 – $4,500

Peritonitis – $1,000 – $7,000

Cataract – $1,000 – $8,000

Intervertebral disc – $1,000 – $10,000

Cruciate ligament – $1,000 – $7,000

Gallbladder – $1,000 – $10,000

Adenocarcinoma Pulmonary (lung) -$1,000 – $5,000

Envenomation – $1,000 – $4,000

Foreign body – $1,000 – $12,000

Understanding that these figures give you a rough guide of how much these illness or injuries could cost the average pet owner. With adequate pet insurance you could save up to 80% on these costs, depending on the type of cover, caps and pre-existing conditions.

For more information on pet insurance (including fuss free online quotes), or for great health tips, blogs and podcasts visit Pet Insurance Australia at www.petinsuranceasutralia.com.au or www.facebook.com/PetInsuranceAustralia

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