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does insurance go up every year? *email reply*

biscandmatt1

Wise Old Thumper
got eddie's (piggy) insurance details through for the next year and it's gone from £9.64 per month, to £13.52. haven't had insurance before so don't really know about it. :wave:
 
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got eddie's (piggy) insurance details through for the next year and it's gone from £9.64 per month, to £13.52. haven't had insurance before so don't really know about it. :wave:

I would have thought so, as most other types of insurance premiums generally go up yearly. Was it a discounted special introduction offer? Hershel's insurance went up last year due to removing the 10% discount offer I had when I took it out the previous year.

That is quite a significant increase though, from £9.64 to £13.52 is approx 40%. Has Eddie had any treatment you have claimed for in the past year, as he would become a bigger risk.

Our Floss's (Border Collie) insurance is now something crazy like £35 per month. Over the last 3-4 years she has had about £5000-6000 worth of treatment as she has suffered 2 bouts of Immune Mediated Hemolytic Anemia. The last time she suffered it, she saw a specialist (who were totally useless basically re-did the same tests our vets did but charged nearly £1000 for them), was on huge doses of steroids, blood tests and ended having her spleen removed.

If Eddie hasn't had any treatment, you could try and see if you could get it cheaper or ring your insurance up to see if they will reduce it. Though the problem with the exotic pet insurance industry is that there are only a few that will insurance rabbits, guinea pigs, etc.
 
I would expect pet insurance to go up each year as the pet gets older and therefore is higher risk.

Was there maybe an on-line purchase discount last year? It's a huge increase. I would expect maybe 10 - 15% rise each year but not that steep :shock:
 
My buns are all 'special needs' and insured with Petplan. They are all under 5, and even though claims have been made the premium or excess hasn't gone up all. There have been exclusions placed for a few months, but then upon receipt of my vet faxing over a statement to confirm that bun hasn't had any more problems, it has then been immediately removed.

They do all have the 'Cover for Life' policies, and so if it had been anything on going, then it would have been covered for the buns life anyway, but I have only encountered isolated illnesses and injuries.
 
i haven't had to use it thankfully, and eddie is not even two yet.

maybe it was a special offer when we joined. honestly can't remember :oops:
 
i haven't had to use it thankfully, and eddie is not even two yet.

maybe it was a special offer when we joined. honestly can't remember :oops:

If he hasn't needed treatment that is a disgraceful increase. Though due to that you are in a much better position and can look for the best insurance deal yearly, if not a bit limited on companies due to exotics.

I would ring round at the other exotic insurance, get a quote (hopefully cheaper) and then ring your insurance up and ask why they have increased it so much and that you can get it cheaper elsewhere. Don't just accept the increase without questioning it.

With the increase you will probably be paying £3-5 more for your Eddie that most on here pay for their bunnies, including mine which are about £10-11 each.
 
i sent them an email to ask about the increase. i think it was 10% off for the first year when i joined but i've asked them to verify everything so we'll see what they say.
 
My buns are all 'special needs' and insured with Petplan. They are all under 5, and even though claims have been made the premium or excess hasn't gone up all. There have been exclusions placed for a few months, but then upon receipt of my vet faxing over a statement to confirm that bun hasn't had any more problems, it has then been immediately removed.

They do all have the 'Cover for Life' policies, and so if it had been anything on going, then it would have been covered for the buns life anyway, but I have only encountered isolated illnesses and injuries.

yeah our excess has stayed the same to, as far as I know, can I ask what your excess is, is it the same per rabbit, or is each one different, both mine are under 5, one has £75 excess the other £55
 
i just went on the site and got a quote for a guinea pig and it came back with £13.52 per month so i guess that is what is now. seems high but i wanted exotic direct so probably would have taken it out originally at that price anyway.
 
just reading the form and it says £2000 cover, £50 excess and then it says premium £135.20 inc. policy fee £8.00 & IPT. what is policy fee and IPT? :?
 
got a reply from my email already. it says:


Thank you for your email.

Unfortunately the underwriters have increased the premiums this year so everyone’s premium has increased. Also all your payments were over 12 months last year and going forward all payments are now over 10 months.

Please also note that in your first year insurance you had a 10% discount introductory offer, which you do not have this year.

If you require any further assistance, please do not hesitate to contact us.
 
just reading the form and it says £2000 cover, £50 excess and then it says premium £135.20 inc. policy fee £8.00 & IPT. what is policy fee and IPT? :?

I'm guessing a policy fee is just the admin cost of setting the policy up. IPT is insurance premium tax.
 
I had the bird insured and it hiked up from 5.67 to 11.20 :shock: also when I read the small print if I claimed I was going to have to pay £75 excess and on reading the small print the outstanding policy which was odd if I claimed in the first month of renewing I'd have had to pay the full policy price plus an excess
I wasn't impressed I'm not sure if this only applies to birds though as when I phoned she said it was cos many birds didn't make it through serious illness and it's to make sure the recoup some of the costs
They are very helpful and really the only insurance available for exotic pets but it is a whopping increase on price
 
baffled me that IPT :oops:

i guess it's not much of an increase then as it's over 10 months now and not 12. i'd probably pay it anyway though. :oops:
 
If you work it out it's actually only gone up by £1.62 a month, which is about right.
 
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