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Thread: Pet Insurance question

  1. #1
    Join Date
    Mar 2013
    Location
    Sydney
    Posts
    31

    Default Pet Insurance question

    Hi all,

    I was wondering how many of you have pet insurance, who that insurance was with and if you thought it was worth it.

    I'm considering getting it but not 100% sure if its worth it.
    Last edited by lysha; 03-18-2013 at 09:08 PM.

  2. #2
    Join Date
    Apr 2012
    Location
    Bunbury
    Posts
    1,378

    Default

    I have Medibank pet insurance. I made the same query about 9 months ago. So far I am ahead as Maggie ate rat poison at 4 months and recently got a fish hook in her flank. If you save well you would be better off setting aside money for possible vet visits.I don't have that sort of discipline.
    It really all depends......if they are not accident prone and nothing goes wrong. Such is the dilemma with all insurance.

  3. #3

    Default

    I like the idea of pet insurance, but there is one thing of huge importance that most companies wont cover.

    Genetic conditions are considered pre-existing conditions meaning even if your dog showed no signs beforehand, you still wont be covered.

    I'm sure many people have not realized this, after looking at a few websites it seems to me that they try their best to hide what a 'pre-existing' condition actually is.
    Last edited by Julieanne; 03-19-2013 at 02:38 AM.

  4. #4
    Join Date
    Mar 2011
    Location
    SE QLD
    Posts
    2,903

    Default

    I don't have it and haven't really ever needed it (touch wood). Anything that has been wrong with my guys I am happy to pay for.

    You would probably (in most cases) be better off saving the money you would spend on pet insurance instead of actually getting the insurance and using that if the need arises.

    There is no psychiatrist in the world like a puppy licking your face.

  5. #5
    Join Date
    Jul 2010
    Location
    Rural Western Australia
    Posts
    2,638

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    Some insurance companies do cover genetic conditions you just have to read the fine print. I have a dog with elbow dysplasia and my insurance company paid out close on $4500 for her surgery, rads etc.

    I usually cover any rescues I take on for the first 18 months and reasses after that. I dont cover all my dogs just continued with the one with elbow dysplsia and one with mild hip dysplasia. The insurance company has covered both and those conditions are both primarily genetic.

  6. #6
    Join Date
    Aug 2009
    Location
    Adelaide
    Posts
    12,598

    Default

    There's only two varieties of Pet Insurance available in Australia. there's the one by All i a nz - which I won't buy because they did not pay out in full for my car ie they wouldn't pay for a bunch of specifically listed extras in my 4WD when I totalled it. They paid "market price" of one with no extras. I was not happy.

    And there's the Hollards backed one. There is some variation between different retailers about the max payouts per year and for the condition something like between 12 and 15 grand and the max payout on any claime is 80%. But they all have the same flaws. Eg if your dog eats something bad and you claim for that treatment - they won't pay out if your dog eats something else bad again. But they don't discount the premium to reflect the discount in cover. Same with part of the dog it has two of - eg if it stuffs one knee - then they pay 80% for the first one, but nothing if it happens again to either knee. Same with the dog's eye, cateract in one is covered 80% but the other - you get nothing. etc etc.

    it does help to phone first and discuss any surgery the vet has recommended and how much that would cost - and what would the policy pay out on that. And the call centre girl who hasn't read the fine print will say 80%. Then you write down the name of the call centre girl, and the time and date you called and what their quote is, and so when you send your claim in for 6 lumpectomies (in one operation) and they say they're only paying 80% for the first one - you can say the call centre lady said 80% of the total bill and refer them back to their recording. And then they will stump up some more, but still not the amount you thought you were going to get.

    It's really frustrating. Given I have their max payout saved up for emergencies, I'm not sure it's worth stumping up the $400 per year or not. It won't be after I make a big claim.

  7. #7
    Join Date
    Jul 2010
    Location
    Rural Western Australia
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    2,638

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    With my pet insurance they paid for bilateral surgery on my dogs elbows. What they do is they have say a $10,000 limit per condition. So if it cost $10,000 to do one elbow for elbow dysplasia then that would be it it. However because it cost about $5000 to do both elbows plus scans they did both and I still have $5000 left if I need future surgeries on said elbows. So far I have just submitted bills for the elbows, pyometra, bilateral hips scans on another dog and a few other things and I have received a cheque in the mail without question.

    As to whether it is worth it or not. I only insure 2 of my higher risk dogs and so far with them are out in front. With my other dogs I wouldnt be out in front so far.
    Last edited by Kalacreek; 03-21-2013 at 08:28 AM.

  8. #8
    Join Date
    Aug 2011
    Location
    Fraser Coast - Queensland
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    i've never had it. and never really needed it. As stated above, if your able to save, You would be better off putting a little aside each week as a just incase fund!

    it does depend on individual circumstances though
    "He is your friend, your partner, your defender, your dog. You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart. You owe it to him to be worthy of such devotion" Author Unknown

  9. #9
    Join Date
    Jul 2010
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    Rural Western Australia
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    Quote Originally Posted by Ven View Post
    i've never had it. and never really needed it. As stated above, if your able to save, You would be better off putting a little aside each week as a just incase fund!

    it does depend on individual circumstances though
    Yes it does depend. I usually will insure dogs particularly my rescues of uncertain parentage for the first 18 months while I guage their structure and personality. I also look at if they engage in any risky practices, snake activity (which is very high where I live), or have a low care factor towards injuring them selves etc. I would also look at the breed of dog. Also depends on the number of dogs you have.

    You have to look at your own personal saving strategy - can you put money aside and leave it? Could you fork out a $5000 surgery bill or more if it happened. I had bilateral cruciate surgery done on a dog that was worth around $8000. That sort of bill can hit really hard. The other thing that has already been mentioned is what each policy covers and if it presents good coverage if the above happens. If not then give it a miss. You just got to crunch some numbers and ask questions.
    Last edited by Kalacreek; 03-21-2013 at 10:37 AM.

  10. #10
    Join Date
    Dec 2009
    Location
    melbourne australia
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    3,082

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    Ive always had it for my dogs, since i got my first in 1980. and i have never had to claim. Got into financial strife in early part of year that required cut backs. Dogs insurance went in January.
    Fast forward to today. And my dog needs an operation i cannot afford.
    Murphy's law.

    Now with the benefit of hindsight. I will save a lump sum and stash it away just in case.
    As its been 2 decades without a claim.

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