How To Find The Right Pet Insurance Cover | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 16/03/2021

Since the start of the pandemic, 3.2 million UK households have acquired a pet, the Pet Food Manufacturers’ Association revealed.

According to the association, there are now 17 million homes with a pet, with those aged 16 to 34 the biggest age group to acquire a pet during the pandemic.

Although pets can bring wonderful joy to homes and have helped to improve many people’s wellbeing during the lockdowns, pets can also be an expensive addition to household finances. One way of keeping pet costs down is to get the right pet insurance cover.

Fortunately, there are lots of different types of pet insurance policies that pet owners can choose from to ensure that they get exactly the right cover they need to make sure that their pet stays happy and healthy, while also keeping long-term costs down. To help pet owners narrow down their choice, we’ve looked at some key factors they should consider when looking at pet insurance.

Age of pet

One of the biggest factors that will impact the type of pet insurance to get is the age of the pet as this will likely impact the type of health conditions the pet will need to be covered for. A puppy or kitten, for example, is unlikely to have a pre-existing health condition, however an older dog or cat may have medical issues that will need insurance to cover. Some pet insurance companies will offer policies specifically designed for kittens and puppies, as well as policies designed for older cats and dogs.

Type of pet

The type of pet that needs to be insured will also impact what policy is chosen as different types of animals will have health conditions and needs unique to them. Some pet insurers will offer policies specifically designed for different types of pet. In addition to this, some more exotic pets such as lizards, snakes and parrots may be more difficult to insure, so these pet owners should keep in mind that these pets may be more expensive to insure.

Type of pet insurance

When considering pet insurance policies, pet owners need to consider whether to insure their pet for their lifetime, annual or accident-only policies. A lifetime policy will often cover all illnesses or conditions within the terms and conditions for the time limit of the policy, and this option can provide pet owners with the peace of mind of knowing that their pet is covered during the policy term. Alternatively, pet owners can choose a shorter-term policy that lasts for 12 months and therefore gives them the option of switching policies to a cheaper deal each year, but those considering this option should be aware that they may struggle to insure their pet as it gets older. The cheapest pet insurance option is accident only, which only covers the pet if an accident happens and not for illnesses. Although this is the cheapest option, it may not be the most cost-effective if the pet becomes ill, especially as they get older.

For more information about pet insurance and the top pet insurance policies available, visit our pet insurance page.

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