Multi-animal insurance explained – Forbes Advisor UK



If you own more than one cat or dog, an insurance policy for multiple animals may be more cost effective – and more manageable – than purchasing separate coverage for each animal.

In this guide, we tell you everything you need to know about how multi-animal insurance works.

What is multi-animal insurance?

Multi-pet insurance works the same as standard pet insurance, but covers two or more dogs or cats under the same policy.

This means that you will have the same renewal date, the same documents and the same insurer for each animal, which can make things a lot easier to manage than having a separate policy for each.

Some policies for multiple animals work by combining multiple insurance policies, which allows you to have different levels of coverage for different animals. They also allow you to add other animals to your policy at any time.

Others, however, will require you to have the same levels of coverage for each animal, so it’s worth comparing your options carefully.

Multi-animal insurance offers the same protection as standard pet insurance, which means you should be covered for:

  • Veterinary invoices: cover the cost of veterinary treatment
  • Cattery or kennel fees: if you were temporarily unable to care for your pet
  • Liability costs: cover legal fees and costs if your pet injures someone or damages their property
  • Loss, theft or death of your animal: cover the purchase price of your pet in the event of loss or theft or death as a result of illness or accident
  • Holiday cancellation guarantee: if you can’t leave because your pet needs emergency treatment

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Different types of multi-animal insurance

When you compare multi-animal insurance, there are usually two main types to choose from – lifetime multi-animal insurance and limited-term multi-animal insurance.

Multi-animal life insurance: provides coverage up to a cap for each condition per year, per animal. So if the coverage limit is £ 5,000, you will be able to claim up to that amount for each condition insured for each pet. If you renew your contract at the end of 12 months, your coverage limit is reset.

Multi-animal insurance limited in time: is cheaper than lifetime coverage. Each condition is covered for a maximum of 12 months from the date of first treatment – assuming the policy is renewed.

This means that if, for example, you made a six month claim in your policy, you would be covered for that particular condition (up to a fixed amount) for the remaining six months of your current policy, as well as the first six months. of your next policy – provided you renew with the same insurer.

Once these 12 months have elapsed or if you reach the fixed amount, your pet will no longer be covered for that particular disease or condition.

Is multi-animal insurance cheaper?

Multi-pet insurance may be cheaper than purchasing separate coverage for each cat or dog, but this is not guaranteed, so it is always beneficial to quote for both options in order for you. make sure you get the best deal.

Some insurance companies will offer discounts if more than one pet is covered by the same policy, usually between 5% and 15%.

Others will offer a fixed discount of around £ 12 per year for each additional animal you insure. So the more animals you add, the more you save.

Note, however, that there is usually a maximum number of animals you can insure on a multi-animal insurance policy, usually between six and 10.

Does it cover pre-existing conditions?

Multi-animal insurance generally does not cover your pet’s health problems before you purchase your policy. In some cases, you may be able to purchase a pet insurance policy with pre-existing conditions from a specialist provider and link it to another policy, but this will depend on the insurer.

How to find the best multi-pet insurance?

To find the best multi-animal insurance policy, it’s important to shop around and set up multiple quotes to compare coverage levels and prices. Keep in mind that it will be easier to find shelter when your dog or cat is young and healthy than when your pet is older and / or has one or more health problems.

When comparing multi animal insurance quotes, be sure to take into account exactly what you will be covered for, and consider whether you would prefer a lifetime multi-animal insurance policy or a limited-term policy. Remember that life insurance for pets is more expensive but offers a higher level of coverage.

What could be excluded from coverage?

You will also need to look for exclusions. Most policies will only cover cats or dogs once they are at least eight weeks old, and there will usually be a maximum age limit as well.

You may also find that certain breeds of dogs or pets that have been aggressive or have received legal complaints will not be covered. Remember to also check how many animals can be covered under a single policy.

Finally, you need to take into account the cost of the franchise. This is the amount you will need to pay to cover the cost of any claims and you will often find that as your pet ages your deductible will increase.

You may also need to pay what is called a co-payment. This is a percentage (usually 10% or 20%) of the cost of all treatments less your deductible.

Co-payments can help lower the cost of your premiums, but it also means that the overall cost of claiming will be higher, so you may prefer to look for a multi-animal insurance policy that charges only one. franchise.

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Deductible and multi-animal contributions

A “deductible” policy is the amount you have to pay to cover the cost of any claims you make. If you have a claim of £ 500 and the policy deductible is £ 50, you will only receive £ 450.

The actual amount depends on your pet and their age, usually increasing over time. So if your pet needs surgery and your insurer has to foot the bill, expect to pay around £ 50 to £ 100 or more up front.

The more you agree to pay a deductible when you take out the contract, the more your premiums can be advantageous, in particular if you opt for a voluntary deductible in addition to the mandatory or mandatory deductible. While the promise of cheap premiums can be appealing, it’s important to set a total deductible that you can afford.

Your policy may charge a co-payment or contribution when you file a claim, which is a percentage (20% to 30%) of the claim, less the deductible.

Can the multi-animal blanket be suitable for my pets?

Yes, it is possible to take out a multi-animal policy offering different levels of cover for each of your animals. For example, you may want more comprehensive coverage for your dog than for your cat because there is a greater chance that it will be stolen for its resale value.

What is the average cost of multi-animal insurance?

According to our research, which focused on year-old pets with no pre-existing medical conditions, coverage for cats starts at £ 8.62 per month. Dog coverage starts at £ 14.68 per month.

A three-pet household of two dogs and a cat (all one year old with no pre-existing conditions) could save over £ 30 per year on lifetime coverage by opting for a multi-pet policy rather than protecting each with an individual font.


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