Cats have a nose for adventure, they hunt, climb, squish into tiny places, jump from the top of doors, set sail from the highest of places and all whilst our hearts are racing. Why? Oh so simple, we don’t want them to hurt themselves right? Our courageous fearless moggies swing from chairs, hide in dryers. Our crazy mischief makers are descendants from the greatest of hunters and their instincts run high. They walk along the top of curtain rails and then just jump. They make us laugh, they make us sigh with despair, and then we look at their little face and are forever grateful that our mischief making feline friends have nine lives. We say they have nine lives, though within that they too are prone to accidents and Illnesses just like any other living creature. They can develop cancers, diabetes, feline immunodeficiency virus, feline leukaemia, just to mention a few. Then there are the accidents, cuts, bruises, broken bones, not to mention cats love to hide in warm places, on top of car tyres, under bonnets – the merry dance of risk they lead is frightening at times.
Just like any insurance, cat insurance is there for when the unexpected happens. No one wants to think their cat is going to be hurt or become ill. Though what if they do? Economies are tough right now, basic living costs are rising, and veterinary costs are not covered by Medicare. So what if the unforeseen happens? Do you have sufficient money in your bank account to cover perhaps thousands of dollars in veterinary fees? Would you take out a loan, or pay on a credit card? Knose recently paid out $25k for a single cat claim, if this was your precious little one and we hope it never is, though if it was, could you afford it? We are not here to scare you, but to have you put yourself in a similar situation and say what if. Insurance is there for those times when the unexpected happens.
If you choose to add an annual excess with Knose Pet Insurance to lower your policy premium amounts then you will need to pay that excess amount first, before receiving a claim payment that is greater than the excess amount chosen by you. However, it is an annual excess amount, so you need to pay this excess amount once per year. Yes, that’s right. Once per year only. A game changer right?
As a pet insurance business, Knose have really tried hard to stay away from jargon, to make the world of insurance easier to understand and to show exactly what you receive for your hard earned dollar. What is a sub-limit? The dictionary tells us that it is “a liability limit in an insurance policy for a particular risk that is below the aggregate liability limit of the policy”.
Confusing right? Let’s do it this way. When you take out an insurance policy with Knose, you will be paid out to whatever the policy annual limit is, up to the benefit percentage that you have chosen (subject to annual excess).
Here is an example of sub-limits for tick paralysis, and why they are really important to know:
On an approved claim you would be paid $8,000 being 80% of the $10,000 Vet Bill.
On an approved claim you would be paid $1,000.00, the value of the sub-limit for tick paralysis.