Out of hours and emergencies: (555) 010 4477
Out of hours and emergencies: (555) 010 4477
Out of hours and emergencies: (555) 010 4477
Lifetime cost
Lifetime cost
What insuring a pet costs across a whole life.
What insuring a pet costs across a whole life.
Every insurer quotes a monthly premium and a percentage. Neither is what the policy costs you. This runs both lifetimes side by side: escalating premiums, excess and co-insurance against paying each claim in full.
Every insurer quotes a monthly premium and a percentage. Neither is what the policy costs you. This runs both lifetimes side by side: escalating premiums, excess and co-insurance against paying each claim in full.
The assumptions, in the open
The assumptions, in the open
Four things the naive comparison leaves out
Four things the naive comparison leaves out
01
Premiums rise every year
Premiums rise every year
Insurers band by age. The premium quoted for a three year old dog is not the premium you pay at eleven, and the increase compounds across the years in between.
Insurers band by age. The premium quoted for a three year old dog is not the premium you pay at eleven, and the increase compounds across the years in between.
02
The excess is per condition, per year
The excess is per condition, per year
It is not paid once. A pet with two conditions running across two policy years pays it four times, and a claim smaller than the excess is paid at nothing at all.
It is not paid once. A pet with two conditions running across two policy years pays it four times, and a claim smaller than the excess is paid at nothing at all.
03
Co-insurance starts at a senior age
Co-insurance starts at a senior age
Most policies add a percentage share once the animal passes a threshold, usually eight. That share applies to the part of the claim left after the excess.
Most policies add a percentage share once the animal passes a threshold, usually eight. That share applies to the part of the claim left after the excess.
04
Routine care sits on both sides
Routine care sits on both sides
Vaccination, parasite cover and dental work are not claims. They are counted identically on both sides here, so they never move the comparison.
Vaccination, parasite cover and dental work are not claims. They are counted identically on both sides here, so they never move the comparison.
What this cannot see
What this cannot see
It prices a steady average claim, not the one that ruins a year.
It prices a steady average claim, not the one that ruins a year.
The model treats claims as a deterministic annual average. It cannot see variance, and variance is the single catastrophic claim insurance exists for. Read the output as a picture of the ordinary years. It is an estimate from the figures you typed, and it is not insurance advice.
The model treats claims as a deterministic annual average. It cannot see variance, and variance is the single catastrophic claim insurance exists for. Read the output as a picture of the ordinary years. It is an estimate from the figures you typed, and it is not insurance advice.