To stop cat insurance

[ItsGrimUpNorth]

Is it stupid to stop paying £600 p.a. insurance on our three cats? DH wants to. Two of them are 13 and in reasonable health. One is 6 years old and we'd keep his insurance.

DH reckons that if anything happens to the older two, they've had it anyway because of their age. Plus it's a £50 excess so minor things we have to pay for anyway.

I just know as soon as we stop it, they're going to need major surgery!

This comes up every time the insurance increases every year as our cats get older. I don't know what to do.

Bloody Hell. I dont know, but I know my cat is diabetic and a trip to the vets is £90 and every 15 days he costs £18 for needles and insulin.
He wasnt insured.

Hi there, an interesting dilemna. We have 2 cats and have had them since they were a few months. I took out pet insurance, and I am so glad I did, as a few weeks later, one of them got hit by a car and had a fractured pelvis. The bill was HUGE, but we only paid the 50 excess.
It is a gamble.

Have you searched to see if you can get it cheaper through somewhere else. I know the Supermarkets do pet insurance now.

Blimey... what a lot of money

I've never had pet insurance in my life... even for horses or dogs.

Would it not be better to put the £600 into an ISA or something and get the interest. Then dip into it for operations etc.

I know an elderly couple who do this for themselves instead of paying BUPA. They are never out of pocket.

It depends whether you could afford surgery if they needed it. Altenatlivly, put the money in a savings account, and then youd have some towards vets bills, or if none were ill, a big wad of cash.

I paid for two cats for ten years and they wre never ill, so i cancelled it

I took out insurance and 6 months later my cat was shot, shattering his femar. It cost £1800 in vets bills to fix his leg but the insurance company paid it direct to the vets, only had to pay the £40 excess. If you can afford operations then cancel it, if not then keep it

Wise words. Thanks for your advice. The thing is, DH would have the cats put down if anything happened to them needing major surgery. It's a bit of a battle.

ItsGrimupNorth - don't do it!!! I have 3 cats, I pay £14/month for the 3 of them with Tesco (I change every year to get the best deals) My oldest cat is 10 and the other 2 are 3.

I am going through a claim at the mo with my eldest cat, she's needed xrays and meds for a lame back leg and it would have cost hundreds without the insurance. My excess is £40.

Maybe I have been unlucky but I've had to claim almost every year for one cat or another.

I have two cats who are now 8, rescued at a few weeks. We decided not to take insurance and they have both had 'incidents' . Both costing £500. Although we are not loaded I adore them and could find money for them if they were ill. The way I see it I have saved a fortune in Premiums and that money will be used IF they get ill. Also I had a horse for 23 years up till recently and I never had insurance for her, god know how much I would have spent in premiums for her and I may have been lucky but she only cost me abput £3000 total in that time including all the dugs at the end.