Well, unfortunately NO! And therefore you need to ask yourself, “Do you want to take that risk?” Besides being emotionally reassuring, Cat Insurance is a smart way to meet any unexpected expenses towards your cat that may arise. Pet Insurance in Singapore has been gaining momentum. People are beginning to see its importance and here’s why:
1. Your need or your cats?
Cats are loved and cared for by their owners. Therefore it is natural for an owner to think about the welfare of their cat. Having mentioned the emotional aspect of this need, there is also an economic one. Some cats are purebred and are expensive to purchase let alone take care of. An unfortunate incident or medical condition could bring added financial expenses which you may not be able to afford.
2. You and your cat can be protected
Cat Insurance is not compulsory by law unlike the owners of certain types of dogs who are required to take up insurance. This does not mean that insurance is not useful for your cat. A typical insurance policy for your cat would be divided as follows:
Accident and Theft
- One of the common causes of death in cats besides illness is external trauma and in the case of injury would be bone fractures.
- This benefit would also include liability for third party injury or property damage caused by your pet. In such cases, insurance would cover the expenses related to such expenses.
- Theft would cover the loss or theft of your cat which is essential if your cat is a rare or expensive breed.
Medical Benefit (illness)
Cats of certain breeds are prone to congenital diseases or genetic (hereditary) conditions. There are also conditions that could develop as they age. However, it must be noted that most companies do not cover for pre-existing conditions and therefore this must be checked. Insurance would cover your vet bills related to surgical and non-surgical expenses that you would have to incur should something happen to your cat.
3. Insurance costs can be brought down
Of course, we all like to keep costs and also insurance costs under control. There are certain factors that will reduce the levels of premium you have to pay for your cat insurance. One of those is to have your cat microchipped. Another one is to insure your cat when it is still young (although most insurers have a waiting period and will usually only allow insurance at 60-120 days of age). By insuring the animal young there will be less risk of pre-existing conditions that would bring about increased premiums or exclusions. In some countries (not in Singapore to date) getting your cat neutered/ sterilised also reduces the premium.
4. Comparing policies
Being able to compare the cost and coverage of various Pet Insurance policies is essential to make the right choice. There are some big difference between the policies available to cat lovers in Singapore. You can do this on our Insurance Market portal by putting in basic details of your cat and you will be provided with a list of policies that would be suitable for your cat.
Do you still think you don’t need insurance for your cat?
There is a Chinese proverb that says
“Happy owner, Happy cat. Indifferent owner, reclusive cat”
Pet Insurance is definitely the answer to that as the end result is a happy owner and hence a happy and healthy cat. Insurance Market provides you with the platform to find a Pet Insurance policy that would meet your requirements in a quick, simple and efficient manner. Get some protection for your little friend right here!