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They also estimate that those costs would equate to around $25,000 over the lifespan of their pet dog.
For cats, the figures are a little lower, with Australians spending around $880 each year to take care of them.
While vet fees vary by each practice, the type of vet expenses you can expect include routine and non-routine procedures such as:
Pet insurance can be a great way to help you cover many of the unexpected treatment costs that may arise due to specific accidental injury and illness, as well as a portion of the routine care costs that come with having a pet. These costs typically involve things like:
Additional benefits, known as optional routine care, may also be able to be purchased for an extra premium, which can provide some reimbursement towards preventative treatments and healthcare such as:
The following won’t typically be covered by pet insurance:
As with any policy, it’s important to read the Product Disclosure Statement to ensure you know exactly what is and isn’t covered by that particular insurer.
Pet insurance policies tend to vary in levels of cover and could include cover for scenarios including specified accidental injury, illnesses and associated medical procedures. Cover is provided toward a percentage of an eligible vet bill and you are required to pay the remainder. The higher the level of cover usually the higher the percentage of the eligible vet bill is covered.
More comprehensive policies typically help provide a higher level of cover and a greater percentage paid toward eligible vet bills for specified accidental injury and illnesses. Some comprehensive policies also offer optional benefits, such as routine care cover.
It’s important to read the Product Disclosure Statement of any policy you are considering, to see exactly what the insurer will and won’t cover in various situations.
It’s also worth asking your insurer what you need to submit when making a claim, and how long this process could take.
Be mindful that some policies may have a waiting period. This means that you would need to wait for a period of time between commencing the policy and being able to submit an eligible claim. Every insurer has different waiting periods.
Ultimately, the value of insurance comes down to your own personal situation, however it can be a way to assist you to look after your pet throughout their life and potentially help your pet stay as happy and healthy as possible.
It could help alleviate some of the stresses of expensive vet bills, and help ensure that you’re on top of your pet’s health needs at all times.
If you do choose to take out pet insurance, know that there are a range of policies available to compare.
We’ve made it easy to compare pet insurance policies with Choosi. Simply compare a range of policy options online from a range of pet insurance providers. Get started by comparing online, or calling us on 13 19 20 today.
Last Updated: 27/06/2022