Pet Insurance – The Facts

Want to know a little more about pet insurance and why many Australians are now insuring their beloved furry family members? Pet Insurance Australia reveals all the facts about pet insurance.

If you are a pet owner, you will be all too familiar with the consistent rising costs of veterinary care. These steady increases are due to the amazing treatments our beloved pets can now access. Let’s face it…many of the diseases and conditions that are now treatable and even curable, would have not been 10 years ago.

It’s also good to remember that your humble veterinarian is also (in many circumstances) your pet’s radiographer, surgeon, rehabilitation expert, teacher and doctor. Many local vets are also specialists in their field (just ask the next time you pop in), you might be surprised to learn that your vet is actually an orthopaedic specialist or even a professor.

This level of care also comes at a cost, and as the veterinary sector is not suberized by the government, like our own medical expenses, the total amount of the surgery, rehab and hospital costs will need to be paid by the owner of the pet. Some of this may include;

• Cost of surgery
• Anaesthetic costs
• Hospital stay
• Medication
• Lab testing
• Radiography
• MRI
• And more depending on your pet’s condition

PET INSURANCE – What’s it all about?

Considering the factors mentioned earlier, it’s evident that many individuals discover it significantly more convenient and cost-effective to enroll in a pet insurance policy. By doing so, they can rest assured that they have coverage for specific conditions. Owning pet insurance not only provides peace of mind but can also result in substantial savings, potentially even preserving your pet’s life.

But it’s important to get the facts.

Understanding your pet insurance policy is crucial. In our fast-paced digital age, reading the fine print may not be enjoyable, but it’s essential. Familiarizing yourself with insurance terms like waiting periods, caps, pre-existing conditions, and general exclusions is vital. The Product Disclosure Statement (PDS) is a key document that provides comprehensive information about your coverage, including what you can claim, any exclusions, waiting periods, pre-existing conditions, caps, and the insurer’s expectations regarding claims.

Other tips include:

• Keep a record of all the vets your pet visits, you will need this information for your first claim in regard to history notes.
• Read the PDS in full and highlight any concerns.
• Ensure you fully understand your policy, excess and what you are actually covered for.
• Understand policy inclusions and exclusions and be aware of your obligations to disclose any pre-existing conditions.

Benefits – Pet Insurance to the RESCUE

The hard fact is that you can claim up to 80% of eligible vet costs. This implies that in the case of a high-end procedure, like treating a complex fracture or foreign body ingestion, you could potentially receive a reimbursement of up to $10,000 for a vet bill totaling $12,500. Consequently, for numerous pet owners, this financial assistance can make the crucial difference between saving their beloved pet or having to bid a heartbreaking farewell.

It’s a stark reality that many caring pet owners only truly grasp the exorbitant expenses associated with veterinary care when they are suddenly faced with a substantial bill to ensure their pet’s well-being. Pet Insurance takes the financial strain out of illness and injury allowing customers to do what they do best…love their pet in their biggest time of need.

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. The great news is that with adequate pet insurance, you could save up to 80% on these costs, depending on the type of cover, caps and pre-existing conditions.

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.