What Is Percentage Excess In Pet Insurance?


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If you’re looking for pet insurance, you’ll likely come across the term “percentage excess.” But what does that mean? And is it important to consider when choosing a policy? This blog post will discuss percentage excess and why it matters when shopping for pet insurance.

What Does Percentage Excess In Pet Insurance Mean?

When you are looking at pet insurance policies, you may come across the term “percentage excess.” This specific feature of pet insurance policies determines how much you will have to pay out-of-pocket if you make a claim. The percentage excess is usually a set amount, such as $200, and it is applied to each claim that you make.

So, if your policy has a percentage excess of $100, and you make a claim for $500, you will have to pay $100 out-of-pocket.

One thing to keep in mind is that the percentage excess usually applies per incident or occurrence. So, if your pet injures himself twice in the same month; you will only have to pay the percentage excess once.

It’s important to understand how the percentage excess works before you purchase a policy, as it can affect your overall costs. Be s re to ask your pet insurance provider about the percentage excess and how it applies to your specific policy.

How Does Percentage Excess Work?

When you take out pet insurance, you will usually have to choose a percentage excess. This is the amount that you will have to pay towards each claim yourself. The insurer will then pay the rest.

The higher your percentage excess, the lower your premiums will be. Howe er, if you make a claim, you will have to pay more of it yourself.

Think about how much money you could afford to spend on vet bills in a year and choose an excess that reflects this. You don’t want to find yourself struggling to pay for your pet’s treatment if they need expensive care.

However, remember that the higher your excess, the less likely you are to make a claim. So t ink carefully about what would be best for you and your pet.

There Are A Few Things To Consider When Choosing A Percentage Excess:

  • How much can you afford to pay towards each vet bill yourself? – The higher your percentage excess, the lower your premiums will be.
  • How likely are you to make a claim? – The higher your excess, the less likely you are to make a claim.
  • What is the maximum amount the insurer will pay per year? – Some insurers will only pay out up to a certain amount per year, even if your pet’s vet bills are higher.
  • Does the policy have a no claims bonus? – If you don’t make any claims, your premiums may be reduced the following year.
  • What are the benefits of percentage excess? – The main benefit of percentage excess is that it can reduce your premiums.

Think about these things when deciding on an excess. You don’t want to choose one that’s too high, but you also don’t want to set it too low and end up paying more in premiums than you need to.

Here Are Some Pet Insurance Terms To Learn:

Financial Services Register

The Financial Services Register is a public register of information about financial services firms and the people who work for them. It Is maintained by the Financial Conduct Authority (FCA).

Vets Fees

The cost of any treatment that your pet needs, including surgery, medication, and physiotherapy.

Remaining Vet Fees

This is the percentage of the vet fees that you are willing to pay yourself. This is usually set at around $75-$100, which means that the insurer will only pay for any treatment costs over and above this amount. So If your pet needs expensive surgery costing $500, you would need to pay the first $100 yourself, and the insurer would then pay the remaining $400.

Pet Insurance Excess

This is the amount of money you have to pay towards a claim before the insurance company pays out anything.

Fixed Excess

This is a set amount that you are required to pay towards any vet fees, regardless of how high they go. So if your pet needed surgery costing $500, you would need to pay the first $100 yourself, and the insurer would then pay the remaining $400. Howe er, with some policies, you may also have to pay an additional percentage excess on top of the fixed amount. For example, you may have to pay 20% of any vet fees above the fixed excess.

Higher Excess

This is where the pet owner agrees to pay a larger percentage of each claim, usually between $100 and $500. This can be useful if you are only making a few claims in a year, as it keeps your premiums low. The insurer will then cover the rest up to the policy limit.

Low Excess

In pet insurance, a low excess is one that is lower than the standard amount. This means that the policyholder will have to pay a smaller amount out of pocket when making a claim, which can be helpful in cases of expensive vet bills. Some policies have no excess at all, while others may have a high excess. It’s important to read the terms and conditions of any policy before signing up in order to be sure that you are aware of any potential costs.

Policy Excess

This is the amount you have to pay yourself before the insurance policy kicks in.

Pay the Excess

The percentage of the vet bill that you are responsible for is up to a certain limit. After that, the insurance company will pay the rest of the bill.

Need to Pay

The amount required to pay out each year (the percentage excess) in order to make a claim.


When it comes to pet insurance, co-payment is the amount of money you are responsible for paying each time you make a claim. This amount can vary depending on your policy, but it’s typically a small percentage of the total claim amount. For example, if your policy has a co-payment of $25 and your claim is for $100, you would be responsible for paying $25, and the insurance company would pay the remaining $75.

Car Insurance vs. Pet Insurance Similarities?

Both car insurance and pet insurance are designed to help policyholders cover the costs of accidents or injuries. In addition, both types of insurance can also help policyholders cover the costs of medical care and repairs. But Howe er, there are some key differences between car insurance and pet insurance.

Car insurance is typically more expensive than pet insurance, and it typically offers more coverage. Car insurance also typically covers more types of accidents and injuries than pet insurance. For example, car insurance typically covers accidents that occur while the vehicle is in motion, while pet insurance typically only covers accidents that occur while the pet is in the owner’s care.

Despite these differences, both car insurance and pet insurance can be valuable tools for protecting policyholders from costly accidents or injuries.

Pet Insurance Policies

All pet insurance policies have a percentage excess clause. This means that the policyholder is responsible for a percentage of each claim.

Pet Excess

When you take out pet insurance, you will be asked to choose an excess. This is the amount that you will have to pay for any claim you make. The higher the excess, the lower your premium will be.

Most policies have a standard excess, but some companies will let you choose a higher or lower excess. It’s important to remember that your premium will be more expensive if you choose a lower excess.

If your pet is injured or becomes ill, you will need to pay the vet bills yourself and then claim back the money from the insurance company. The total bill must exceed the excess amount for you to be able to make a claim.

Third-Party Liability

This coverage will help protect you if your pet injures someone or damages their property. The amount of coverage you have will depend on the policy, but it’s important to know that this protection is there. Many policies have a percentage excess, which means that you will be responsible for a certain percentage of any costs incurred.

Insurance Providers vs. Pet Insurance Companies

There are a few key differences between providers and companies when it comes to pet insurance. The main difference is that providers are essentially middlemen- they don’t actually provide the insurance but rather connect you with a company that can offer you a policy. Providers make their money by charging a fee for this service, which is generally about $25.

Pet insurance companies, on the other hand, are the ones who actually issue the policies. They tend to be smaller businesses and, as a result, can often offer more personalized service. They also usually have lower overheads, meaning that they can afford to offer lower premiums.

Policy Documents

When you purchase pet insurance, you will likely be required to sign a policy document. This document outlines the terms and conditions of your policy. It is important to read this document carefully before signing it, as it will explain things such as the percentage of the claim that you must pay (the excess), what is and is not covered, and how long your policy will last.

Related Contents

Can the Pet Owner Negotiate Pet Insurance Rates?

Whether or not the pet owner can negotiate pet insurance rates is a topic of debate. Some people feel that they can get a better deal if they negotiate, while others believe that it’s not worth the hassle. Ther are a few things to keep in mind if you decide to negotiate:

  • Be prepared to walk away
  • Know what you want and what your maximum budget is
  • Be friendly and polite
  • Stay calm and professional

Pet Cover

When you take out pet insurance, you’ll be asked to choose the level of cover that you want. This is essentially how much of the vet bill your insurer will pay for each time you make a claim. There are three levels of cover:

  • Standard (the most common option, where the insurer pays for 80% of the vet bill up to a certain limit)
  • Enhanced (where the insurer pays for 90% of the vet bill up to a certain limit)
  • Luxury (where the insurer pays for 100% of the vet bill up to a certain limit)

Coinsurance vs. Co-Payments?

Co-insurance and co-payment are two important concepts in pet insurance. Co-insurance is the percentage of the vet bill that you are responsible for. Co-payment is a fixed amount that you are responsible for each time you visit the vet.

Party Liability

Party liability refers to the percentage of a pet insurance claim that the policyholder is responsible for. For example, a party liability of 50% would mean that the policyholder is responsible for up to 50% of the cost of a pet insurance claim. This can be helpful in cases where a pet owner is only partially responsible for an accident or injury that their pet sustains.

Monthly Cost

Monthly cost is the amount that you have to pay every month for your pet insurance policy. This amount is usually a fixed fee, and it will be the same each month. The monthly cost will usually depend on the type of pet insurance policy that you choose.

Financial Conduct Authority

The Financial Conduct Authority (FCA) is an independent financial regulator in the United Kingdom. It w s founded in 2013 as a result of the merger of the Financial Services Authority and the Prudential Regulation Authority. The CA has a number of functions, including regulating financial services and products, preventing and detecting financial crime, and promoting competition in the financial sector.

Make a Claim

When you make a claim on your pet insurance policy, you are asking the insurance company to reimburse you for a portion of the costs associated with treating your pet. The percentage of the costs that the insurance company will cover depends on the terms of your policy, but it is usually somewhere between 50% and 80%. In o der to make a claim, you will typically need to provide proof of payment for the treatment your pet received.

Pet’s Treatment

When you have pet insurance, a percentage of the cost of your pet’s treatment is your responsibility. This is called the percentage excess. The percentage excess is how much you will have to pay out of pocket for your pet’s treatment before the insurance company will start to pay. Typically, the percentage excess ranges from 10% to 50%.

Travel Insurance

Some pet insurance policies may cover travel insurance as part of their benefits, but it is important to check with the specific policy to see what is covered. Gene ally speaking, travel insurance can be an important coverage when traveling with pets. It c n help protect you financially in the event of an unexpected medical emergency while traveling.

Firm Reference Number

A Firm Reference Number (FRN) is a unique identifier that the Financial Conduct Authority (FCA) assigns to its authorized firms. The firm must quote their FRN on all communications with consumers.

Lifetime Policy

Lifetime pet insurance policies are those that offer coverage for the life of the pet rather than a predetermined number of years. This type of policy can be helpful for pet owners who want to know that their pet will be covered for any potential health issues, no matter how long they live. Many pet insurance companies offer lifetime policies, and they can be a great way to protect your animal companion.

Additional Payment

In order to reduce the potential for large bills, many pet insurance policies have a percentage excess. This is an additional payment that you must make towards any claim above the policy limit.

Above are some of the terms to keep in mind when discussing pet insurance with your representative. The more knowledge you have when shopping for pet insurance will result in the best policy that fits your financial needs and the best care for your dog.

In Conclusion

Percentage excess in pet insurance is a way for you to limit your financial liability when paying out claims. When the cost of repairing or replacing an item exceeds what you have paid into it, then that’s where percentage excess comes in handy. For example, if there was $2,000 worth of damage done and only $1,500 had been paid on the policy so far, then they would pay up to 50% more than this amount ($5,000). This means that someone who has put down 10% upfront could be liable for 20%.

Make sure to check with your pet insurance providers what the percentage excess terms are before buying, and always make sure to shop around for the best option for you and your dog.