What stopped me taking out insurance was the limit on most policies - it seems to be £2k maximum on all the policies I've looked into for rabbits.It seems to be quite expensive to charge £120 a year for a maximum of £2k claim, or with 2 rabbits £240 for a maximum of £2k for each rabbit (how unlucky would you have to be for both rabbits to need £2k of treatment?).
I use insurance for the worst case scenario and would £2k be enough for the worst case scenario?
I do insure my cat because the maximum claim is much higher at £6k and the monthly payments are cheaper. Therefore on balance I feel the insurance is value for money.
I think it makes much more sense for me to put the premiums in a savings account and use credit cards if necessary to bridge any cashflow issues.
Are there any policies that offer more than £2k maximum pay out or is £2k considered enough?
its usually 2k per illness not 2k all together.
I would not be without it - I was briefly uninsured as I thought I would 'save' the money , and it ended up costing thousands - a vry badly broken leg, a kidney removal, emergency gut operation, (3 diff rabbits) I felt very stupid that I had cancelled my insurance!
If you want examples of costs how about :
Hawthorn: myxi over 7 weeks (despite vaccination) £1,500
Willow: Obstruction followed by Gut surgery in emergency £500 in all
Parsley: - triple break and spiral fracture on leg - pinning and plating followed by removal of plate and pins and final check ups etc etc and on going accupuncture - £3,500 plus
Blackberry: EC head tilt and fits - on going £????? probably about £600 plus
Thistle - jaw abcess x2, on-going teeth problems and eventual teeth removals - £1,500
Viola Rose: myxi (despite vaccs) followed by on -going problems with tear ducts c£1,000
Teasal - sludgy bladder and then sadly his eventual death with heart failure (at age of 9.5) . . no idea how much the bladder cost us in the years of treatment . . .
Yes we do have buns who have been insured for years and had nothing wrong with them . . . but I see that as a plus point rather than a 'loss' of insurance premiums.
For me the insurance is invaluable. It means that if a vet says 'we really need to do blood tests and a scan and xray and them probably an operation' then I can just say 'yes' without costing it up in my head.