Skip to content

Do you have the right to take out 2 insurance policies for your cat?

To benefit from optimal cover for their animal, some owners consider or decide to take out two mutual insurance contracts for cats. This uncommon practice is seen by some as a means of offering the best guarantees to their cat and of benefiting from support for the majority of treatments at advantageous reimbursement rates. While this accumulation may seem commendable, it is not always allowed or recommended. Let’s do a check in.

What does the law allow for stacking insurance?

It is article L. 121-4 of the Insurance Code which defines the issue of accumulation of insurance. Some owners wish to take out two insurance policies to offer a wider range of guarantees to their cat, but others opt for this solution in order to benefit from double reimbursement in the event of veterinary care. However, the Insurance Code limits the conditions of use in the event of accumulation of insurance, that is to say when an individual takes out two identical insurance policies in order to protect themselves from the same risk.

The law authorizes a cat owner to take out two insurances for his animal provided that the two guarantees are complementary, that is to say that they complement each other. This is called the subsidiarity clause. It is also possible to take out two insurances which present similar guarantees on the condition of using only one formula and not both to obtain reimbursement. This is the grandfather clause. Taking out two insurance policies for your cat is therefore authorized by law, but on condition that you respect these rules.

Why take out two insurance policies for your cat?

Some owners want to offer their pet optimal health coverage and want to take out two formulas to be sure of benefiting from the best guarantees. However, resorting to this practice is not always interesting, and in fact very rarely is.

Before committing to two insurance companies with a view to taking out two contracts, take the time to compare the guarantees and the advantages to be gained from them in relation to the amount of contributions you will have to pay. Indeed, subscribing to two insurances requires paying twice the monthly contributions so that very often you only benefit from one service per type of care. Consequently, to take advantage of it, it is desirable that the reimbursement rate be substantial! Be that as it may, the financial interest is to be forgotten in the vast majority of cases.

If you find that your cat is poorly covered for a subject that may concern it, it is better to discuss it with your insurer rather than taking out a second insurance contract, even if the latter offers more advantageous coverage. Indeed, it is often possible to negotiate better coverage with your insurer, subject to a reasonable increase in the premium rate, rather than subscribing to a new formula that will have to be paid in full. Not to mention that each company applies a deductible which is retained annually on the first reimbursement(s) of the year or in the form of a rate on each treatment performed during the year. The financial loss is therefore not negligible.

Some insurers agree to modify the terms of a contract to their client’s advantage without applying an additional premium. You can obtain several quotes from other insurance companies in order to have a greater means of negotiation. If your insurer responds to your request for modification by applying a surcharge or threatening to terminate your contract, turn to a new, more competent insurer and change companies; this is preferable to an accumulation of guarantees.

Take stock of your cat’s real needs to be sure to offer him optimal protection. Consider its breed, age, and lifestyle. It is better to subscribe to a higher and more covering formula than to opt for an accumulation of insurance. If this practice is permitted, it is not beneficial to cat owners. If you feel that your current formula is not sufficient, identify the current and future needs of your cat and ask to modify your contract accordingly. If your insurer refuses to do so, have several mutual insurance quotes made for animals using an online comparator to find a new, more suitable and more interesting formula. Then simply cancel your first contract, taking into account the cancellation conditions of your insurer.

Leave a Reply

Your email address will not be published.