Pet Insurance
Whether you want to protect yourself from the financial loss that could result from the death of your prize-winning racehorse, or you simply want to make your golden retriever’s veterinary bills more affordable, you may want to look into purchasing some form of pet insurance. For the most part, pet insurance refers to two types of insurance: mortality insurance and health insurance. These two types of pet insurance may be sold as separate components or together.
Pet mortality insurance
Most of us own animals purely for companionship. However, if you own an animal that has financial value to you (a racehorse), is rare (an exotic animal), or is specially trained (a guide dog for the blind), you may want to consider purchasing pet mortality insurance.
Pet mortality insurance is similar to life insurance for humans. You (the owner) would take out a mortality insurance policy in an amount equal to the value of your pet’s life.
(For example, if you purchased an exotic bird for $ 5,000, you would insure the bird for that amount.) When your pet dies, you would collect on the policy.
The cost of pet mortality insurance is usually calculated as a percentage of the value of the animal. So, when you purchase a policy, you’ll need to show documentation (e.g., breeding records) that substantiates the value of your animal.
Pet health insurance
When an animal is seriously injured or has a life-threatening illness, pet owners are often forced to choose between paying high veterinary bills and euthanasia. Even routine veterinary care (e.g., vaccinations and physicals) can add up, especially if you have more than one pet.
As a result, an increasing number of pet owners are purchasing pet health insurance to help pay for the cost of veterinary care.
Home Insurance
30% no claims, full accidental loss and damage cover, Regal Insurance provides you with that little extra piece of mind from your home insurance.
Having home insurance is vital, but the type of home insurance that you sign up for will vary depending on your needs. What you should do is look to sign up to a company that will tailor make a policy for you; lots of companies only have set home insurance packages that you can sign up to. What this means is that you end up paying more than you need for your home insurance, because you are paying for ‘perks’ that you will never use.
Companies such as Regal Insurance will amend their home insurance package to suit your exact needs. You can get your building covered up to a value of £1,500,000 and your contents up to a value of £500,000.
With Regal, you are covered for most items up to a value of £5,000 although you can insure individual items separately on a policy if they are worth more.
It is all about making the policy work for you, and choosing a policy that is perfect for you and your needs.
There are loads of other benefits to having a high value insurance policy. Although no one can deny the fact that you have to pay a monthly premium, the peace of mind that this gives you more than makes up for the cost.
No one likes to think about the possibility that something bad might happen to their house. However, what you need to make sure is that you are covered in the event that it does. Of course financial compensation won’t make up for the distress that an event like this causes, but it can at least be there to help you and your family get back on your feet when you need it most.
Home Insurance
30% no claims, full accidental loss and damage cover, Regal Insurance provides you with that little extra piece of mind from your home insurance.
Having home insurance is vital, but the type of home insurance that you sign up for will vary depending on your needs. What you should do is look to sign up to a company that will tailor make a policy for you; lots of companies only have set home insurance packages that you can sign up to. What this means is that you end up paying more than you need for your home insurance, because you are paying for perks that you will never use.
Companies such as Regal Insurance will amend their home insurance package to suit your exact needs. You can get your building covered up to a value of 1,500,000 and your contents up to a value of 500,000.
With Regal, you are covered for most items up to a value of 5,000 although you can insure individual items separately on a policy if they are worth more. It is all about making the policy work for you, and choosing a policy that is perfect for you and your needs.
There are loads of other benefits to having a high value insurance policy. Although no one can deny the fact that you have to pay a monthly premium, the peace of mind that this gives you more than makes up for the cost.
No one likes to think about the possibility that something bad might happen to their house. However, what you need to make sure is that you are covered in the event that it does. Of course financial compensation wont make up for the distress that an event like this causes, but it can at least be there to help you and your family get back on your feet when you need it most.