Insuring your animal may be necessary. Health costs are particularly reputed to be expensive. To stay in control of your budget as much as possible, animal insurance, also called mutual, is a solution. This article takes you through what you need to know to choose the right one for your situation.
Why does pet insurance save money?
Expenditure on animals does not boil down to food and the purchase of accessories, but also includes spending on caring for them or repairing the damage they can cause.
When establishing the budget, health expenses can be underestimated while the costs, ranging from preventive acts, such as vaccines, to interventions and care required by accidents or hereditary diseases, can quickly represent sums. consequent. For the past ten years, technological progress has forced the prices of veterinary fees to have increased by 70%. While pet insurance is optional, it can be useful to avoid having to choose between your pet’s health, or even life, and your wallet.
Animal insurance is also called mutual because it is based on the principle of risk pooling, assessed by insurers from studies and statistics. There are different formulas, the amount of which varies depending on the level of guarantee.
An animal insurance comparison to make the right choice!
Faced with a large market and high price variability, it is important to take a step back and not rush to the first known insurance. The guarantees of an insurance vary according to many criteria and it is quite possible to be overwhelmed by the mass of information. To help you see more clearly, here are those taken into account to set a price.
Age of animals is a criterion which echoes the same problems as those encountered in humans. Very young and very old animals are more fragile than the rest of the population. To avoid wasting time, be aware that many insurers do not accept animals in certain age groups. In general, a young animal can only be insured from the age of two or three months. As for adulthood, the bar beyond which insurance is no longer possible is often set at five or ten years from the date the insurance is taken out.
The species to which your animal belongs is also taken into account. For a dog, the insurer must know whether it is an attack dog (category 1) or a guard and defense dog (category 2). Some organizations refuse to cover these animals or, if they do, the prices can be high.
For New Pets (NAC), it will be easier to find an insurer for a common animal, such as a rodent, than for an exotic animal. In these latter cases, it is not an impossible task, since insurers generally offer a single contract per species. Note, however, that an animal purchased abroad may constitute a case of non-insurance.
Health status of your pet can exclude the possibility of insuring it. Indeed, when the history or the current state of health of your pet allows to foresee important health expenses, it will be difficult for you to find either an insurer or an inexpensive formula.
If it is no longer mandatory to present a certificate issued by a veterinarian to establish the insurance contract as it was before, you will probably have to fill out a questionnaire which will form a basis for determining the coverage and the price. The insurer is then free to request an additional veterinary examination. If this is not the case, it goes without saying that you cannot lie about the situation in order to be able to sign a contract at a lower cost because in the event of significant expenses, the insurer will check your situation and may note the concealment.
The vaccination of your animal is not necessarily included in the guarantees, more often included in an optional “prevention” component. In all cases, the up-to-date vaccination of your animal will always be an operating clause of the guarantees.
If you are sensitive to alternative medicine approaches, here is good news: the animal insurance market is increasingly developing formulas that support alternative approaches to traditional medicine. It is a criterion of choice in its own right which can guide your research.
How to carry out an effective comparison?
The use of an animal health insurance comparator is a method that can help you in your efforts by putting offers in competition at a glance. On the other hand, online comparators won’t help you much if you are the owner of an unusual pet.
You should be particularly careful:
- to the list of supported interventions,
- the warranty exclusions applicable to your animal,
- deductibles, which are amounts that are payable by you for each type of expense, that is to say their ceiling, amount and calculation methods,
- and the maximum reimbursement ceiling per year.
In 2018, a survey commissioned by a leader in animal insurance revealed that the French paid 619 euros over a year for their dog and 222 euros for their cat, veterinary care representing 211 euros for a dog and 166 euros for a cat. It also revealed that if veterinary expenses exceeded 1000 euros, 9% of dog owners declared themselves ready for the euthanasia of their animal, and 19% of cat owners.
These figures, which remain only averages, allow you to question the budget limits that you ask yourself when it comes to caring for your pets.
The comparison you will have carried out will only be used to select the two or three insurers from whom you will ask for quote, the only valid documents from which you can make a decision, all the information you find online may not be up to date or may not correspond perfectly to your situation.
Other surveys have revealed that insurance is ultimately very expensive compared to the savings actually made. The difficulty is that we cannot draw generalities and that in terms of insurance, there are only special cases. If animal insurance is available in different formulas, they are in fact really interesting only from a certain price below which the exclusions will make the insurance ineffective.