So I have two dogs, both have pet insurance because of their breed. I have just had my renewal notice for one of my dogs who has turned 1 back in December and found the policy has increased by $110.
I called the insurance company to ask why the policy had increased by 20% and was told because I make a claim on the policy last year that there is a "Claims loading fee" applied to this years insurance.
I haven't read the policy information yet to see if it mentions this but does this sound normal? I mean isn't insurance a gamble in a way, I could potentially spend years paying premiums without every claiming and thats a win for them but if I end up claiming they have lose their gamble but thats what they have re-insurance for?
Interested to know what peoples thoughts are.