Insurance excess

[DKL]

We are currently renewing the insurance on our 4 cats and have found a rather worrying trait.
Most companies seem to have their usual excess of around £80 and then a "co-insurance" excess of between 10 and 35% of a claim. This latter we haven't come across before.
It means that for a £1000 claim which is what you want insurance for you are paying £80 plus between £100 and £350 so in all a possible total of £430 - nearly half.
We have never paid this before when claiming (thank goodness) but has anyone else run into this?

If you get a really big bill then it could make insurance irrelevant as on a £7000 claim you could easily get hit with £1500 to pay yourself.

[TwigtheWonderkid]

Usually when you have an excess and co insurance clause you only pay the one, whichever is higher.
So, if you have an £80 excess and 10% co insurance clause, on any claim up to £800 you'd pay £80, and on any claim over £800 you'd pay 10% (but only 10%, not 10% plus £80).

[Upatdawn]

on 4 cats what annual premium do you pay?

[DKL]

TWk - sadly the excess runs in addition to the co-insurance all the time.

Insurance - I think we are paying £13 each ish for the kittens - 2 at 3yrs old.
£21 for our oldest girl who has already maxed her insurance payout with this company once so we have remained with said co.
Our eldest boy is 11 and his is the anomaly. I can't get decent cover for less than £36 a month - or rather I can at £14 but the coinsurance is 20% not 10%. The £36 renewal is with our current insurer and has jumped from the low 20s this year with no claims. They claim its just age weighting and certainly a lot of other co s won't even quote for new policies over 11.
We haven't decided which is the better option yet but I'm still trying to get the monthly premium down with the current insurers.

[gd49]

Think it's quite common on policies for older animals. Older animals are much more likely to make claims so guess the insurance companies are protecting themselves against that.