As you are no doubt aware there is no medicare for animals and unfortunately the costs of medicine and surgery are escalating. To help you decide which insurance policy best meets your requirements we recommend using www.canstar.com.au/pet-insurance as a starting point to compare all major insurance providers.
Did you know that you can insure your pets for accident and illness. Depending on which policy you chose you can cover up to 80% of the total Veterinary costs or have a fixed excess per condition (ranging from $100-$500).
At Port Road Vet we strongly encourage private health insurance for your pets as accidents and illness occurs far more often than we really want it to occur.
Who do I recommend? I would follow the following three questions:
- Have you got private health insurance with HCF or Medibank Private?
If so you get a discount on policies that have a fixed excess of 20%. You should check with your insurance provider as some companies like Alliance have Pet Policies that you may be eligible for a discount.
- Are you worried about big bills or smaller bills?
If big bills like $4,000 for a cruciate or $6,000 for a spinal surgery worry you then go for a fixed excess amount. The higher the fixed excess the lower the monthly premium. If small bills may cause issues, i.e. $2-300, then I would recommend the percentage policies as for say $100.00 bill you will receive $80.00 back.
- What level of cover?
Most providers will offer three levels (accident only, accident and illness, accident and illness with routine care). In our opinion the accident only policy can leave you short should something serious occur.
At Port Road Vet we do not recommend a single policy or provider. We just believe you should insure your pet as soon as they arrive in your home (before they have time to have a pre existing condition) and make an informed decision in relation to the level of cover and the provider you chose.