When it comes to insuring your beloved pet, finding the right coverage is
essential for their health and your peace of mind. In Singapore, two popular pet insurance providers—Happy Tails (Income) and Liberty PetCare—offer comprehensive coverage plans for pets. However, not all policies are created equal. In this post, we’ll dive deep into the details and benefits of each plan, providing you with a clear comparison so you can make the best choice for your furry family member.
Key Features of Happy Tails (Income) vs. Liberty PetCare
| Feature | Happy Tails (Income) | Liberty PetCare |
|---|---|---|
| Eligibility | Pets must be between 16 weeks and 9 years old, microchipped | Pets must be between 8 weeks and 9 years old, microchipped |
| Maximum Annual Coverage | Up to $12,500 (depending on the plan level) | Coverage limited to specific incidents per the table of benefits |
| Third-Party Liability | Up to $500,000 (depending on the plan) | Based on specific benefit limits for each incident |
| Accidental Death | Not covered | Covered if death occurs within 90 days of the accident |
| Clinical & Surgical Benefits | Comprehensive, including diagnostic tests, post-surgical care, and chemotherapy | Covers accidental injury and illness treatments, with specific conditions |
| Chemotherapy | Covered up to $2,500 (depending on the plan) | Not specified in detail |
| Illness | Covered under clinical and surgical benefits | Covered, but subject to a 3-month waiting period |
| Hereditary & Congenital Conditions | Limited coverage for pets younger than 6, specified conditions after 12 months | Not covered |
| Final Expenses | Up to $250 for euthanasia and cremation | Not covered |
| No-Claim Discount (NCD) | Up to 15% after 3 consecutive claim-free years | Up to 15% after 3 consecutive claim-free years |
Why Happy Tails (Income) Might Be the Better Choice for You
When considering Happy Tails (Income), it’s clear that this policy offers broader and more comprehensive coverage for pet owners who want extra protection against various health risks and legal liabilities.
Here’s why Happy Tails stands out:
- Higher Maximum Coverage: Depending on the plan, you can get up to $12,500 annually, which covers a wide range of medical treatments and emergencies. For pet owners seeking a more robust safety net, Happy Tails is the go-to choice.
- Third-Party Liability: If your pet causes harm to someone or damages property, Happy Tails offers coverage up to $500,000—one of the highest liability covers in the market. This ensures financial security in case of accidents involving your pet.
- Comprehensive Medical Coverage: Unlike Liberty PetCare, Happy Tails covers chemotherapy and post-surgical treatments, ensuring that your pet receives continuous care after surgery or for serious medical conditions. The inclusion of diagnostic tests, surgical implants, and veterinary fees makes it a well-rounded policy for pets prone to medical issues.
- Hereditary and Congenital Conditions: While Liberty PetCare excludes hereditary and congenital conditions altogether, Happy Tails provides some coverage for specific conditions after the first year for pets younger than 6. This makes it a better option if you have a younger pet that might develop hereditary issues later in life.
- Final Expenses: Although the coverage is modest, Happy Tails provides up to $250 to help cover euthanasia and cremation services, which can be a great emotional and financial relief when dealing with the loss of a pet.
- Flexible Age Continuation: Pets can continue to be covered beyond 9 years with some adjustments in terms and premiums, ensuring long-term protection as your pet ages. Liberty PetCare, on the other hand, doesn’t allow for coverage beyond 9 years.
Liberty PetCare’s Strengths
While Happy Tails provides more comprehensive coverage, Liberty PetCare also has some strengths that may appeal to certain pet owners:
- Accidental Death Coverage: Unlike Happy Tails, Liberty PetCare provides coverage for accidental death, including motor vehicle accidents, provided that a police report is filed. This can be valuable for pet owners who want compensation in case of unexpected tragedies.
- Accidental Injury Coverage: Liberty PetCare has robust accidental injury coverage, including burns, electrocution, and snake bites, making it an appealing option for adventurous pets who may be more prone to injuries. However, note that there is a 1-month waiting period for these claims.
The Verdict: Is Happy Tails (Income) Worth It?
In a head-to-head comparison, Happy Tails (Income) shines for pet owners who want comprehensive protection for their pets. With higher maximum coverage, broader medical benefits, and better liability protection, it’s an ideal choice for those who prioritise peace of mind and long-term care for their pets.
However, Liberty PetCare may be a better fit for those seeking slightly more affordable coverage or whose primary concern is accidental injury or death.
Final Thoughts
Both Happy Tails and Liberty PetCare offer essential protection for your pet. However, for those who want the most comprehensive coverage with more flexibility, Happy Tails (Income) stands out as the clear winner. From high third-party liability limits to coverage for hereditary conditions and final expenses, it goes the extra mile in ensuring your pet is protected in almost every situation.