I felt that an infographic would be a great way to present the essentials of pet health insurance. I sometimes also feel that the insurance companies deliberately make things complicated to entice customers to sign up to the kind of policy terms and conditions that are best for the insurer! Cat owners should also note that perhaps the best form of pet health insurance is a personal savings account! Although that does require a lot of self-discipline to ring fence the saving account into which you transfer around £50 per month. Once the savings have built up you have an insurance policy without an expensive admin fees. It is my personal favorite form of pet health insurance.
Insurance premium tax (IPT) at 12 percent on pet health insurance (UK)
In the UK, a hidden tax is applied to pet health insurance and I’d bet that most cat and dog owners have never heard of it. It is insurance premium tax (IPT) and it is levied at 12% to the insurance provider which passes on the cost to the customer. The customer does not …