Bought By Many pet insurance review

Find out more about Bought By Many’s pet insurance cover to see whether it’s right for you and your pet.

Your pet is (possibly your favourite) part of the family, so you want to ensure they’re covered in the event of the unthinkable.

Compare Bought By Many’s available policies in our table

Updated May 23rd, 2019
Name Product Maximum vet fees Type Of Cover Details
Liability only
Liability only
£0
-
£3m legal cover only
Value
Value
£3,000
Time limited
Low cost for lowest vet's fees cover
Pre-Existing
Pre-Existing
£7,000
Per condition
Includes some cover for vet’s fees caused by pre-existing conditions
Fixed for Life
Fixed for Life
£7,000
Per condition
Fixed premiums, comprehensive cover
Regular
Regular
£7,000
Lifetime
Middle-range cover for vet’s fees
MoneyBack
MoneyBack
£7,000
Lifetime
Get 20% of your premium back every year you don’t claim
Complete
Complete
£15,000
Lifetime
Vet fee limits re-set each year

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Who is Bought By Many?

Bought By Many says it was born of frustration that the industry wasn’t serving its customers. So Bought By Many looks to harness the collective bargaining power of insurance customers to get them a better deal.

Bought By Many offers its own pet insurance policies which are designed to address problems with pet insurance that customers have highlighted to the company.

Bought By Many pet insurance policy options

Bought By Many offers four types of its own pet insurance: Fixed For Life, MoneyBack, Pre-Existing and Liability Only. There are three levels of cover which have, for example, varying vet fee limits: Value, Regular and Complete policies. There are also optional extras which you can include in your cover.

Fixed For Life

Fixed For Life is available only before your pet is two years old, and comes with these benefits:

  • No price increase. Your insurance premium will never increase at renewal, whether you claim or not.
  • A set amount of cover for vet fees per condition, and up to a certain amount in total claims during the pet’s life.
  • Vet fee covers complementary therapies and up to six months of behavioural treatments, as well as liability insurance.
  • Multi-pet discount for more than one pet on the same policy.
MoneyBack

MoneyBack gives you peace of mind that your pet is covered, and you can benefit if you don’t use it. MoneyBack comes with these benefits:

  • You will receive a percentage of your annual premium back if you don’t end up receiving a payout in the policy year.
  • You can get a lifetime policy with a set amount of vet fee cover per year for accidents, illness and therapies.
  • Farewell cover if your pet has to be put to sleep, as well as liability insurance.
  • Multi-pet discount for more than one pet on the same policy.
Pre-existing

Pre-existing is for pets with pre-existing conditions, and comes with these benefits:

  • Cover for past medical issues as long as your pet has not received treatment or advice for them in the three months before the policy starts
  • A set amount of cover for vet fees for new conditions. Vet fee limit for pre-existing issues starts at a set amount, and increases in the first two years if you do not claim.
  • “Farewell cover” if your pet has to be put to sleep, as well as liability insurance as standard.
  • Multi-pet discount for more than one pet on the same policy.
Liability only

Liability only covers you for legal claims against you and your pets, and comes with these benefits:

  • Cover for legal claims made against your or your pet.
  • Multi-pet discount for more than one pet on the same policy.
Value

Value cover is the lowest cost and comes with the least vet fees cover, and comes with these benefits:

  • A set amount of cover for vet fees per year.
  • Dental cover for accidents.
  • Farewell cover if your pet has to be put to sleep, as well as liability insurance as standard.
  • Multi-pet discount for more than one pet on the same policy.
Regular

Regular cover is the mid-range policy for vet fees, and comes with these benefits:

  • A set amount of cover for vet fees per year.
  • Dental cover for accidents.
  • Farewell cover if your pet has to be put to sleep, as well as liability insurance as standard.
  • Multi-pet discount for more than one pet on the same policy.
Complete

Complete cover is the the most comprehensive pet insurance you can buy, and comes with these benefits:

  • Vet fees Provides £15,000 of vet fee cover per year.
  • Dental fees Provides dental cover for any dental problem.
  • Comprehensive cover Complete cover is the most comprehensive cover available, offering the top cover in every claim type (except for pre-existing conditions).
  • Multi-pet discount Get a 15% discount for pets on the same policy.

Bought By Many pet insurance benefits

Bought By Many’s customers can get lower rates by the power of collective bargaining. Being part of a group with specific needs gives you the benefit of getting a bespoke insurance policy, with the added benefit of it being at a discounted rate. You can also get cover for pets with pre-existing conditions which were treated more recently than you can with other providers.

What exclusions are there?

Like any other pet insurance provider, Bought By Many’s Pet Insurance contains a list of general exclusions. These include:

  • Any accident within the first 48 hours of the policy
  • A claim if you submit it more than a year after the event that caused it
  • Preventative treatments or treatments not prescribed by a vet
  • Cover for legal action against you by family members or people who live with you
  • Claims for pets over 9 years old that die from illness
  • Cannot pay costs unless your pet is missing for more than 48 hours
  • Conditions that have been treated, medicated or that you have received advice for in the last 3 months on any policy
  • If when travelling abroad with your pet you have not complied with the Pet Travel Scheme (PETS)
  • Claims for any vet fees experienced within the first 14 days of any policy

How much is the excess?

The excess is the amount of money you’re expected to contribute when you make a claim through your insurance. It’s there to deter you from using your insurance policy for making small claims.

All of Bought By Many’s policies have an excess for vet fees, but the amount you have to pay will depend on which policy you have. Check your policy documents to find out when and how much excess you have to pay.

What is the claims process?

Bought By Many’s claims process doesn’t involve paper claim forms. You can either give it a call on 0333 130 4552, or submit your claim online by logging into your account. The “make a claim” section will be marked and has guidance.

Bought By Many pros and cons

Pros

  • Pre-existing cover. You are able to get cover for pets which have recent pre-existing conditions, unlike many other providers.
  • Bought By Many’s unique service allows it to negotiate group discounts.
  • Policies to suit many different circumstances.
  • Premium freezes. Your premium will never increase if you are on the Fixed For Life policy.

Cons

  • Complicated. Bought By Many’s website can be quite confusing – it’s hard to find information and it doesn’t explain the platform very concisely.
  • Old pets cost more. If your cat or dog is over nine-years-old, the no-excess option isn’t available to you and you’ll have to pay 20% of any claim.

*Disclaimer: Please take reasonable care to answer all the questions honestly and to the best of your knowledge. If you don’t answer the questions correctly, your policy may be cancelled, or your claim rejected or not fully paid.

The offers compared on this page are chosen from a range of products finder.com has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms ‘Best’, ‘Top’, ‘Cheap’ including variations, are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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