Understand Pet Insurance Before Getting Your Pet Covered in Singapore

| 24 May 2019


The percentage of pet owners investing in pet insurance is growing by the day.

Pet owners take a lot of time and energy to invest in their pets beyond just providing high-quality food and proper shelter. If you are one such pet owner considering pet insurance, there are a couple of things you need to know about pet insurance, ranging from genetics to the overall care of your pet. Here are some of the factors:

You need to start investing early

As soon as you get your pet, consider getting it insured. Most of the insurance plans do not cover pre-existing conditions and only cover pets under a certain age. 

The risks get higher as your pet grows older, as such many insurers do not cover pets past a certain age. Hence, we advice covering your pet earlier to ensure him from any pre-existing condition that might pop up later.

Different plans cover different things

Pet insurance is more or less similar to the life insurance you purchase for yourself. While you may have a deductible percentage from your income going to your pet insurance, different insurance plans cover differently. Find out how much your insurance covers, whether 50, 80 or 90% of your pet’s vet bill.

Technically, most insurance plans do not cover preventative care, but rather, illnesses and injuries. Look carefully at the policies of the insurance plan you are choosing. Find out what you are most interested in, and how much of it is covered. For example, you may find that insurance plans do not cover foods and nutritional supplements. On the other hand, some insurance policies provided additional coverage of non-surgical treatment fees.

Non-lifetime and lifetime insurance

The lifetime insurance covers a dog for ongoing conditions throughout their lifetime. Ideally, if you claim for disease in the first year of insurance, the disease is covered throughout the life of the pet. With the non-lifetime insurance, the case is different. Any ongoing condition is only covered in the first policy year. Any further treatment is excluded from the cover, which means the pet owner has to foot that bill.

Companies differ

Insurance companies offer different pet insurance policies. The main differences between the companies come in the lines of:

1. Pets covered

While most companies cover cats and dogs, some cover other animals like horses, rabbits, and reptiles are not covered by all companies.

2. Calculation of reimbursement

How is the reimbursement offered? Either the vet bill numbers, customary rates or a benefit schedule.

3. The annual contract

Do the terms change after the renewal of the contract?

Before you settle for the company to ensure your pet, carefully consider the policy wording of each insurer. While at it, keep an eye out for the veterinary discounts plans, which should not be an insurance plan, but instead, a membership-based service. Read a more in-depth analysis in this comparison article.

Consider other ways to keep your pet healthy


Much as you have your pet covered a long way, find other ways to keep your pet in good shape too. Stay on top of vaccinations, dental cleanings, and regular vet visits. Monitor your pet’s diet and behavioural change too: some recently adopted habits could, in fact, sound out an alarming health issue.

Remember, even though your insurance plan entitles you to sophisticated treatment and medication, you do not have to do it. It may be expensive and available, but it is not mandatory unless it is necessary.

Take time to care for your pet other than giving him good food and cuddling with him. Ultimately, the best kind of love is when you can keep your pet healthy and fit.

Want to find out more? PolicyPal offers PetCare by Liberty Insurance. Purchase your pet insurance with Policypal to enjoy 5% cashback off your purchase – on top of ongoing promotions! Visit www.policypal.com or download the PolicyPal app now. 

Have any burning questions about insurance or looking for some useful insurance tips? Learn, ask and share with PolicyPal Insurance Community today!

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