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Insurance advice needed

Discussion in 'Cat Chat' started by redsweeties, May 17, 2010.


  1. redsweeties

    redsweeties PetForums Newbie

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    Hi

    I have a 9 week old kitten, Simba and have investigated insurance for him. I have opted for Argos platinum cover at £10 per month for £7000 continuous cover with a £65 excess. It does not cover dental costs.

    Do I need insurance or am I better off putting aside the £10 a month for him?

    Your opinions are greatly valued.

    Thanks

    Red
     
  2. Shimacat

    Shimacat PetForums Member

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    It's up to you. I kept cats for years without insurance, and was hit by the occasional rather huge vet bill which dented my savings. However, 2 years ago, we adopted a cat who came with 6 weeks free Petplan cover. In week 5 of his cover, he developed a pyothorax - a life-threatening condition caused by a cat bite, which needed immediate intensive care and lifetime meds. Over the course of 2 years, his vet bills are now well in excess of £7000 - and thanks to Petplan, all we've had to pay is the excess (and no, I don't work for Petplan!!). We now have all 3 of our cats insured, and now we wouldn't do anything else. We insure ours with an annual renewal cover of £4000 per condition.

    Basically, you may think you can afford whatever life's accidents may occur - and mostly, probably, you'd be right. But accidents do happen, and when they do, they can cost eye-watering amounts of cash to fix. I'd insure any pet - but then, I've learnt from my experience!
     
  3. Dally Banjo

    Dally Banjo PetForums VIP

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    I would get it for at least the 1st year or two Louie is with the PDSA cheaper than Argos & the same cover :thumbup: we have our dog Holly with Argos have'nt had to claim :rolleyes: should'nt have said that, but they are suppose to be good.
     
  4. AlbertRoss

    AlbertRoss PetForums VIP

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    Slight problem - I've just been asked to remove Argos Pet insurance from my website as they seem to be ceasing to take new business from 11th June. I don't know what this will mean long term but I'd be very wary about signing up at present.

    If I can point you to my website Cat Insurance Compare, you can get a very quick run down of who offers what and what some of the pitfalls are. Please read the 'Important Points' section.

    Is it worth it? Well, if your vet is anything like mine a visit usually winds up costing somewhere between £75 and £100+. I've had bills for on-going conditions which worked out at about £2,000 and in one case was quoted over £10,000 for a heart operation on a puppy. It may be the case, and I sincerely hope it is, that your kitty never has anything to go to the vet for (other than vaccinations). But if he does, and it's serious, the cost of treatment is going to make that £10 a month seem very, very small.
     
  5. katie200

    katie200 PetForums VIP

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    i wouldnt have a pet without pet insurence im with buddys insurence there quite good and they pay the vet and cover a lot of things
     
  6. Agadoo

    Agadoo PetForums Junior

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    There's no problem with argos pet insurance. They are just changing business partners for affiliate marketing, nothing that affects the insurance of new pets.

    Don't ring alarm bells when it's not necessary. Pet insurance is already confusing enough.
     
  7. AlbertRoss

    AlbertRoss PetForums VIP

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    I get a number of such messages from insurers. Some stop selling that day. Until such time that I receive notification that Argos are starting to resell elsewhere I'll stand by my original statement.
     
  8. Agadoo

    Agadoo PetForums Junior

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    Argos do sell! Over the phone and online. It's only their affiliate programme which helps you earn commission for referring sales online that will change from the 11th. It's going to another network and you'll be able to promote Argos just like now.

    Don't scare people into thinking Argos suddenly stopped selling pet inurance because it's not true.
     
  9. AlbertRoss

    AlbertRoss PetForums VIP

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    If you read my original message you'll see that I didn't say that Argos have stopped selling - merely that I have been notified that from June 11th they won't be accepting new business. Having seen other insurance companies suddenly cease to offer products and not reinstate them I'll wait until I'm told by Argos what their plans are.

    Argos, like many other Pet Insurers, use a company called BDML to administer their Pet Insurance, they don't do it themselves. However, sometimes the 'name' provider - like Argos - switches underwriter. Sometimes they simply decide that it isn't making enough money for them, so they withdraw. Lots of 'name' providers do this. I've had 3 such notifications this year.

    Should Argos switch underwriter then the policies offered will almost certainly change. Anyone buying a policy now, or who holds one, who then has to make a claim will, effectively, be locked in to Argos - even if the underlying policy undergoes a considerable change. If they cease to offer pet insurance then it's likely that BDML will continue the policy under the Argos brand. I don't know if any of those things are happening - but my experience has been that any are possible.

    Therefore, until such time as Argos make their position clear I'll recommend that people take care when considering them for the moment. I'm not saying that people shouldn't buy their insurance - if that was the case they wouldn't be on my website at all - merely that they should consider the possible withdrawal/change of the product.

    My Pet Insurance website was set up with the express purpose of steering people away from possible bad buys - which is why certain well-known names don't appear there. We are often approached to add insurers to the site but we only do so if we can be sure that the buyer will be reasonably happy. To that end we always look for negative reviews while evaluating insurers and we never bow to pressure from insurers to put up their sales message.

    We've had two demands to change our wording recently and in each case we've told the company that we don't 'sell'. We simply provide factual information about their policies. We don't recommend and we don't display misleading information like 'from' prices (although companies sometimes do that themselves in the little ads they provide). In both cases the company backed down.

    We currently show 20 insurers - more than any other Pet Insurance comparison site. We are currently evaluating another insurer. The simple fact is that the insurers and the people who use our site know we can be trusted.

    Argos will be removed shortly - but I run a lot of websites and it's a change that can wait for a few days while more pressing things are dealt with.
     
  10. spid

    spid PetForums VIP

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    Back to the oringinal point - yes insurance is definately worth it. My Minnii was only insured for 3 months when she was diagnosed with HCM (a serious heart condition) the diagnosis and treatment cost nearly £1500 and she is on pills for the rest of her life. I worked out that we had used over 50 years worth of premiums in one vet visit to the specialist. Since then she has also borken her foot and I got a check in the post for that today. SHe is insured with Argos.
     
  11. redsweeties

    redsweeties PetForums Newbie

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    Thank you everyone! I have now insured Simba.

    Red
     
  12. AlbertRoss

    AlbertRoss PetForums VIP

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    I couldn't agree more - I've had a lot more back from insurers than I've paid out.

    (And, just to make it clear about Argos - if you are with them now they will carry on covering you no matter what. As it happens several people have signed up with them via my site in the last couple of weeks so their offer must be a good one).
     
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