Pet Insurance – The Facts

The Growing Popularity of Pet Insurance: A Wise Investment for Pet Owners

Many veterinarians and pet enthusiasts concur that pet insurance is the way forward. This industry’s rapid growth underscores the current demand for such products. A mere decade ago, the pet insurance landscape was far more limited compared to the diverse options available today.

Interestingly, it’s primarily the younger generation that shows a greater inclination to invest in pet insurance. According to the Pet Ownership Australia document, 20% of Generation Y individuals have pet insurance for their cats, with 27% insuring their dogs. In contrast, only 12% of Baby Boomers have pet insurance for their dogs, and merely 9% for their cats.

“Over the past five years, the pet insurance sector has been thriving,” states Nadia Crighton, a spokesperson for Pet Insurance Australia. “This comes as no surprise when you consider the high-quality treatment options now accessible to our pets. The advancements in modern veterinary medicine are astounding, with many procedures once exclusive to humans now readily available to pets.”

So, what should you consider when contemplating pet insurance?

1. User-Friendly Experience

Choose a pet insurance company that offers a seamless user experience, clear policy terms, and hassle-free interactions. Pet Insurance Australia (PIA) has introduced a Pet Portal, an Australian first, allowing clients to make and manage claims, update payment and personal details, and download policies with ease. This convenience is invaluable, especially when dealing with a sick or injured pet and pressed for time.

2. Transparent and Understandable Policies

Opt for policies that are transparent and comprehensible. Ensure you read and fully comprehend the coverage details. Most companies offer customer service lines, so don’t hesitate to call and clarify any doubts. Prepare a list of questions beforehand to ensure you’ve covered all aspects.

3. In-Depth Research

Conduct thorough research on potential pet insurance companies and their underwriters. Assess their reputation and commitment to the pet industry. Are they actively engaged in the pet industry, or is it merely a business venture? Seek recommendations from your vet or acquaintances with pet insurance. Utilize online resources for a well-informed decision.

4. Coverage for New Pets

If you’re planning to bring a new puppy or kitten into your home, consider pet insurance before their arrival. Many individuals only sign up after an issue arises. Being proactive and obtaining comprehensive coverage before your furry family member arrives is a prudent choice.

Key Facts:

• A 2013 study estimated that approximately 25 million pets resided in Australia, with nearly 5 million households owning a pet. Australia boasts one of the highest rates of pet ownership globally.
• Pets, particularly cats and dogs, have become cherished family members, and we aspire to provide them with the best care possible. Some veterinary treatments can incur substantial costs.
• Pet insurance offers affordability, catering to various lifestyles and budgets. It simply makes sense to safeguard the well-being of our beloved pets by ensuring their care can be managed if the need arises.

Did You Know?

In the Routine Care option, pet insurance also contributes to:

• Vaccinations
• Micro-chipping
• Heart worm control
• Dew claw removal
• Prescription diets
• Dog training (at recognised training centres)
• Teeth cleaning
• Council registration fees
• Alternative therapies
• Cremation / burial

END
For more information contact:
Nadia Crighton – nadia@petinsuranceaustralia.com.au

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Contact information: Nadia Crighton, Pet Insurance Australia, 95 Sixth Road, Berkshire Park, New South Wales 2765

We offer award-winning* pet insurance policies to protect your furry friend’s health and wellbeing. Get a quote today and give your pets the care they deserve.