The problem is if I spend more on unplanned items than the items I really need.
Generally, the trigger for purchasing pet insurance is the thought of an exorbitant vet bill. We have all heard of hip replacements and back operations costing over R25 000 these days. An emergency, injury, operation or illness is the main need when it comes to you as the pet owner thinking about taking up cover. After all, insurance is for the unexpected vet bill that you cannot budget for as you simply do not know whether it will happen or not.
Once you start shopping around, you may get distracted by the variety of options. The frills and thrills might be appealing, and you end up paying more than you planned and bought things you didn’t think were necessary. Keep the main thing the main thing.
From a financial advisor’s point of view, we need to keep the needs of the pet owner in mind when making a recommendation. When I ask my potential clients the question, “Why do you want pet insurance?”, it’s as if they suddenly remember why they started this journey of researching all the insurance products available in the first place. “It’s for when I have a major vet bill I cannot afford or do not have the funds available to pay.”
This is like referring to a list or budget when shopping. The budget reminds you of the priorities. I want to stress that the priority is cover for major vet bills. When looking to cover your pets, keep the main thing, the main thing; cover for your unexpected medical bills, small and large! You never know what your pet will get up to next and with inflation and advancing medical treatments for pets, the price of your vet bills may surprise you over the next few years.
So, my question to you is, “Why do you want pet insurance?”
If you are looking for a product that is serious about covering your unexpected vet bills for accidents and illnesses, drop us a mail, give us a call. Get in touch and an expert financial advisor will call you about a product that is most suitable for your specific situation and needs.