Pet insurance has been growing internationally for the past few years and it is more important than ever to ensure you pet is covered in Australia. However, it’s important to know exactly what you’re covered for. Different pet insurance companies may have different policies and definitions so it is always best to thoroughly read their product disclosure statement, policy terms and conditions to avoid any surprises!
Definition of a Pre-existing Condition
One aspect of the pet insurance policy that can cause some misunderstanding is the definition of a ‘Pre-existing Condition’. It is important to be aware of because most pet insurance companies will not cover expenses if the injury or illness is the result of a Pre-existing Condition.
Here at Prime Pet Insurance we define a Pre-existing Condition as:
- Any condition(s) or symptoms or signs of a condition that occurred or existed in any form before the pet insurance comes into effect. This needs to take into account any waiting periods.
- The definition includes any latent infectious condition that is only present after the pet insurance commences.
- Any illness, symptoms or signs that occur during the waiting period.
- Any cruciate ligament condition occurring or existing during the waiting period.
Important information about Pre-existing Conditions
Important: whether or not a condition has been specifically diagnosed by a vet, treated by a vet or is in remission when you applied for pet insurance, Prime Pet Insurance considers it to be pre-existing. In addition, if the condition is being, or was previously, controlled by medication it is still considered pre-existing, and the same goes for if it is seasonal in nature.
Remember that some policy options only cover accidental injury, which does not include pre-existing conditions.
It is also important to ask you pet insurance provider if they have a time limit that you can claim for treatment, as well as if there is a maximum amount you can claim for a chronic or recurring problem. When it comes to insurance, being informed and knowledgeable about policies is the best way to make sure your dog or cat will be protected.
Why don’t pet insurance companies usually cover Pre-existing Conditions?
Most pet insurance companies don’t cover Pre-existing Conditions because pet insurance is designed to cover unexpected events and illnesses so that you do not suddenly have to pay for large vet bills you have not budgeted for. That’s why it’s best to get pet insurance as early as possible when you get your pet. Many pet insurance companies will allow you to insure your precious pet as young as 8 weeks old.
This is general information only and does not take into account your personal objectives, financial situation or needs. Please consider the Product Disclosure Statement before purchasing.