Annual Cat Insurance Cover - What Is Annual Cat Insurance?

Annual Cat Insurance Cover

What Is Annual Cat Insurance?

You have to consider all of the available options when it comes to insuring your feline pet. Many owners choose to go for annual cover cat insurance as it is the most affordable of all options. However, you have to be certain that it matches your criteria for comprehensiveness and flexibility before you go for it. Use this guide to base your decision on facts and not on speculations.

How Annual Cat Insurance Works

Annual cover cat insurance is designed to pay for your pet's medical treatments required because of injuries and illnesses for a period of one year. The policies available from different companies work slightly differently so it is worth looking at the different policies available. This will help you get a clear idea of what to expect on the market.

Typically, there is a set amount of cover per condition. Once you make a claim for the respective condition, the insurer will cover your vet bills up to this set amount or up to 12 months after you make the claim. It depends on whether the cover limit or the time limit of your annual cover cat insurance policy is reached first.

Sometimes, the insurer will not set a maximum cover per condition, but a maximum annual amount of cover. This cover will be equally distributed between all claims which you make. Basically, there will still be a cap per condition. The limit, however, will depend on how many claims you make. The more you make the smaller it will be and vice versa. Again, the insurer will pay up to the set limit for the respective condition or up to 12 months after claiming for this particular illness or injury.

In some cases, the companies offering annual cover cat insurance will not calculate the 12-month period after you make the first claim. They will calculate it from the moment of purchase of the policy. This can make it quite restrictive. The good news is that this restriction is applied rarely.

Irrespective of how the limits on annual cover cat insurance plans are set, most insurers will allow you to make only a single claim per condition. The simplest example to illustrate how this works is to take the case of an injury. If your pet gets a strain on one leg and then a strain on another leg, the second injury will not be covered by the insurer. Things are a bit more complex with illnesses and a recurring illness may be considered a continuation of the same condition and may be covered. You should ask how things will work with the specific policy that you buy.

Cover Inclusions and Exclusions

The typical annual cover cat insurance policy will pay for all treatments of illnesses and injuries. No types of treatments are typically excluded from policies. Your pet will receive dental care as well as complementary treatments, if recommended by your vet. Your pet's stay at the vet's will also be paid by the insurer.

All illnesses and injuries, apart from pre-existing ones are covered. Companies consider pre-existing conditions those which your pet displayed symptoms of before the purchase of the policy and during an initial set period after the policy's inception. The period for annual cover cat insurance policies is 10 or 14 days. It is rarely 30 days. In general, congenital and hereditary conditions will not be excluded from the policy provided that they do not qualify as pre-existing ones.

Since only the treatments of injuries and illnesses are paid by annual cover cat insurance plans, all preventive, elective and breeding and whelping treatments are not covered. You will have to pay for vaccinations, spaying or castration or fertility treatments yourself.

Cat Insurance - Additional Covers

Most companies try to provide comprehensive annual cover cat insurance policies that offer a range of other cover benefits, apart from one vet fees one. Usually, you will receive covers for boarding fees, advertising and reward, holiday cancellation, theft and straying of the pet and death of the pet. Some insurers offer overseas travel cover as well.

Price of Annual Cat Insurance

In general, annual cover cat insurance is the most inexpensive level of cover. However, the price will depend on the amount of cover which you purchase. When determining the premium, the insurer will take into consideration how old your cat is and what its overall health is. They will base the premium on the vet fees in your area. These factors are often used to calculate the excess as well. It is possible for the premium and for the excess to be fixed for all customers. However, in such cases, you may pay more than you would if these were to be calculated on an individual basis.

Advantages & Disadvantage of Annual Insurance for Cats

The main advantage of the annual cover cat insurance plans is that they are quite affordable. The main drawback is that they have per-condition and time caps plus a limit on the number of claims which you can make. Basically, they are fairly restrictive.

It is best to weigh the pros and cons of annual cover cat insurance based on your individual circumstances. Decide on this level of cover by considering your pet's age, general health and health risks plus the vet fees in your area.