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Key issues to weigh up before purchasing pet insurance
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Posted On :
Mar-20-2011
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Article Word Count :
464
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Two major types of pet insurance include uncapped and capped pet cover. They differ in the way that claims are paid out and in their premium cost. Unlimited term insurance is more pricey to purchase as it meets the cost of veterinary treatment for one ailment for an unrestricted amount of time up to the policy maximum. Capped insurance will pay for treatment for an illness or injury for a fixed period instead, often for around twelve months.
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Two major types of pet insurance include uncapped and capped pet cover. They differ in the way that claims are paid out and in their premium cost. Unlimited term insurance is more pricey to purchase as it meets the cost of veterinary treatment for one ailment for an unrestricted amount of time up to the policy maximum. Capped insurance will pay for treatment for an illness or injury for a fixed period instead, often for around twelve months. You may want to consider whether you believe you may require cover for treatment for your pet for more than 12 months. If you think you might, then figure out whether or not you would be able to meet the cost of what could be long term treatment after the first 12 months are paid for you.
Not all pets ost the same to insure. Rare pets that need specialist treatment will be more costly to insure. Pedigree dogs often cost more to insure, because they are more susceptible to a range of ailments as a result of their breeding. If you have not purchased a pet yet, then getting a mongrel rather than a pedigree pet as your premiums will be more affordable.
Do you have more than one pet? If yes, you may want to consider covering each of your animals under a single insurance policy with a single insurer. The majority of pet insurers now offer multiple pet cover and this will often be a much cheaper and more convenient way to insure each of your pets than seeking insurance for each of them separately.
A major aspect of insurance for your pet to think about is the level of excess that you will be able to meet should you be required to make a claim. The more excess that you agree to pay, the less costly your premium will be. Consider what is the lowest amount you would realistically make a claim for. If you would not bother to claim for less than 200 pounds for instance, then choosing an excess of two hundred pounds would make the most sense. Be aware that, you should not increase the level of excess payments just to shrink the cost of your premium unless you are clear that you can realistically meet this more expensive excess level in the event of a claim.
If you are searching for the right pet insurance policy make sure that you consider as many quotes as possible. Shopping around is the only way to find the best pet insurance and the best suited pet insurance policy for your requirements. The easiest way to compare pet insurance policies is on the web, making use of specialist comparison websites that are quick and easy to use.
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Article Source :
http://www.articleseen.com/Article_Key issues to weigh up before purchasing pet insurance_56521.aspx
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Author Resource :
This guide to pet insurance was written by Hazel Doggart, an insurance specialist from London who recommends checking the CoOp Insurance website if you are looking to compare pet insurance quotes.
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Keywords :
CIS Insurance, CIS Car Insurance, CIS Motor insurance, CIS home insurance, Coop, Co op, cheap car insurance, cheap home insur,
Category :
Finance
:
Insurance
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