I've got an important decision to make which involves money and cats. My Pet Plan insurance policy for Bugsy is coming up for renewal, and guess what, the cost has gone up yet again. For the following year they want £199.08 which breaks down to £16.59 per month. This is an increase of £1.11 per month.
I have just rung them to see if they can get it down because there are some benefits in the policy which I will never need. The woman said I was on the lowest tariff. I said I am seriously thinking of cancelling it, because the cat is getting on in years, about 15, and I don't believe in keeping an old animal alive if it is not going to have a reasonable quality of life.
The woman went to speak to her supervisor, and came back with a different price, £179.70 which makes it £14.97 a month, which is a step in the right direction.
But I am still in a quandry whether to pay that. I have been paying insurance all these years because I want to do what's best for my lovely pussy cat, and I have never had to make a claim. I would have been better off putting the money to one side in a seperate pot. But who can predict what will happen, that's what insurance is all about. In the literature they send you there are stories from pet owners with sick animals who have made claims and they sing the praises of having insurance. A bit like emotional blackmail, you must get insurance or you cannot think much of your pet.
I don't have Lilly insured, he is an old cat who found his way here three years, I can't afford to insure two animals. I do have an emergency fund if any money is needed for vets fees, they would get treatment.
Will I feel terribly guilty if I dont renew the policy? I have had a look through the policy summary and terms and conditions and to be honest there seems an awful lot of things they won't pay for. I imagine that they will try and wriggle out of any claim they can.
I'm going to give myself a few days to think about this. In general I dont believe in taking out insurance for every little thing going, preferring to take the risk myself. It is against my principle of passing the responsibility on to someone else, and paying for the priviledge. But I suppose with animals it is slightly different, you want to do your best for them.