Bought By Many Pet Insurance vs. Petplan
When it comes to pet insurance in the UK, choosing the right provider can be a daunting task. Two popular options for pet owners are **Bought By Many** and **Petplan**, both of which offer a range of coverage options. But how do they compare? In this comparison, we’ll look at the key features, pros and cons, and coverage details of both insurers to help you decide which one best suits your needs and your pet’s health.
Overview of Bought By Many
Bought By Many is a newer player in the UK pet insurance market but has quickly gained popularity due to its flexibility and customer-focused approach. They are known for offering a range of tailored insurance policies and for using technology to make the insurance process easier for pet owners.
- Key Features:
- Customizable plans based on your pet’s age, breed, and health history.
- Flexible lifetime policies with options for ongoing coverage for long-term conditions.
- Claims process via a user-friendly online platform, making it easier to submit claims and track progress.
- Access to expert advice and consultations via their online platform.
- What Makes Bought By Many Stand Out:
- They offer policies with fewer breed restrictions compared to traditional insurers.
- Pet owners can access policies with coverage for pre-existing conditions after a symptom-free period (usually 24 months).
- They frequently adjust their premiums and coverage based on customer feedback, offering a more dynamic and customer-oriented service.
Pros of Bought By Many
- Flexible and customizable policies.
- No upper age limit for pet insurance, making it ideal for senior pets.
- Ability to cover pre-existing conditions after a symptom-free period.
- Strong customer service with high satisfaction ratings.
Cons of Bought By Many
- Not all breeds are covered, and some may have exclusions based on specific conditions.
- Higher premiums for pets with a history of health issues or those considered high-risk breeds.
Overview of Petplan
Petplan is one of the most well-established and well-known pet insurance providers in the UK. With decades of experience, Petplan offers a comprehensive range of pet insurance options, including lifetime cover for accidents and illnesses, which is ideal for pet owners who want long-term security for their pets.
- Key Features:
- Lifetime policies with no upper age limit for coverage.
- Comprehensive coverage for accidents, illnesses, hereditary conditions, and chronic conditions like arthritis or hip dysplasia.
- Access to 24/7 vet helplines and online claims submission.
- Additional coverage options available for routine care, such as vaccinations and dental checkups.
- What Makes Petplan Stand Out:
- Highly trusted with a long history of providing reliable insurance for pets.
- Unlimited annual benefits for ongoing conditions, offering excellent long-term care options.
- Strong relationships with veterinary practices, ensuring quick processing of claims and payments.
Pros of Petplan
- Well-established with a reputation for reliable claims processing.
- Comprehensive lifetime policies with no upper age limit for pets.
- Extensive coverage options for a wide variety of conditions, including hereditary and breed-specific conditions.
- Excellent customer service and strong relationships with veterinary practices.
Cons of Petplan
- Higher premiums, especially for senior pets or pets with pre-existing conditions.
- Pre-existing conditions are not covered, and this could be a limitation for those with older pets.
- Some exclusions for specific breeds or conditions.
Comparison: Bought By Many vs. Petplan
Below is a direct comparison of the two providers, focusing on the key aspects that matter most to pet owners:
| Feature | Bought By Many | Petplan |
|---|---|---|
| Policy Type | Customizable lifetime policies with flexible coverage options | Lifetime policies with no upper age limit for coverage |
| Coverage for Pre-existing Conditions | Coverage possible after a symptom-free period (usually 24 months) | Does not cover pre-existing conditions |
| Breed Restrictions | Fewer breed exclusions compared to traditional insurers | Breed-specific exclusions may apply |
| Lifetime Coverage | Lifetime cover available | Lifetime cover available with unlimited annual benefits |
| Customer Service | Highly rated, flexible customer service with quick claims processing | Well-established customer service with fast claims processing |
| Age Limit | No upper age limit for coverage | No upper age limit for coverage |
| Premiums | Flexible premiums based on the pet’s needs and health | Higher premiums, especially for senior pets |
Factors to Consider When Choosing Pet Insurance
When deciding between Bought By Many and Petplan, here are some key factors to consider:
- Coverage Needs: If your pet has a pre-existing condition or requires long-term care, Bought By Many’s flexible policies may be a better fit. Petplan is ideal if you want comprehensive coverage with no age limits but may not suit pets with pre-existing conditions.
- Premiums: Bought By Many tends to offer more competitive premiums for pets with specific needs. However, Petplan offers extensive lifetime coverage, which may justify the higher premium for pets who need long-term care.
- Breed-Specific Conditions: If your pet is prone to breed-specific conditions, compare both insurers to see which one offers the best coverage for those conditions.
- Customer Service and Claims Process: Both providers are known for excellent customer service, but Petplan has a longer history and strong relationships with veterinary practices, which can lead to faster claims processing.
Conclusion
Both Bought By Many and Petplan offer excellent pet insurance options, but the best provider for you will depend on your pet’s specific needs. If your pet has a pre-existing condition or requires more customized coverage, Bought By Many offers flexible plans with coverage for pre-existing conditions after a symptom-free period. On the other hand, if you’re looking for a well-established provider with comprehensive lifetime coverage, Petplan is a solid choice. Consider your pet’s health history, your budget, and the type of coverage you need to make the best decision for your furry friend.