High excess on insurance policy

[Law]

Just wondering if any of you have chosen a high excess on a policy to keep the premium down or would you never consider doing that just incase

I'm talking about vet's fees here

 

[bex1984]

I was on PetPlan's high excess policy until recently, but TBH it was too much of a worry knowing I'd have to pay the first £500 of a claim, so I've decided to take the monthly hit of a higher premium for the peace of mind of knowing I have a low excess.

 

[Quarrybank]

I have high excess of £500 with Petplan for both mine. I changed when i bought spider & had 2 to cover. it meant I covered them both at only slightly more than Q on his own with a normal excess.
Unfortunately Spider was really ill last year & although they were connected I had 2 claims. It's meant I spent £1000, plus stabling costs of approx £550.... ouch

However as my total bills were £7000,

I've been very thankful to have insurance & petplan have been fab.
Overall I'm prob down £250, as I would have still had to pay the vets stabling & £125 excess twice plus the increased premium on 2.
If I'd only had one or no claims I'd have been better off. I just think I had a very unlucky year last year & wont be changing my excess when I renew.

 

[dixie]

I've always had the high excess. With one horse I had for 8 years and never claimed until he was PTS so I therefore gained over the years in lower premiums.

With the other horse I have unfortunately had to claim twice and therefore have dipped out. Also the vets fees covered were only £3500 instead of £5000.

However, if I had a horse I new quite well I would still opt for the high excess as you only need to go 1 or 2 yrs to save money. But as I have just bought a totally unknown horse who has been bought from abroad for peace of mind I have opted for a higher premium and a lower excess.

 

[Law]

Really interesting, thanks all

 

[cariadssogreat]

I have 5 so have high excess on all