Out of control premium increase.

1
Out of 10

Sometimes figures speak better than words.This is how my monthly premiums have been increasing during the past years.
Nov 2005: $36.63
Aug 2006: $38.46
Aug 2007:$40.77
Oct 2008: $46.33
Oct 2009: $53.91
Oct 2010: $ 56.07

This is a hefty 53% increase over 5 years!!!

Did I get more for my money over these 5 years? Not really... YES, because a $400 annual dental coverage and an additional $500 on renewable limits per accident were added. But NO, because in the same time, the third party property liability coverage up to $25000...just vanished without fanfare...

Every year, Petsecure will justify the premium increase due to "veterinary care cost on the rise".
OK, but I do not feel that my vet bills have increased 53% over the 5 past years:

Examination/Consultation:
Oct 2006: $60.90
June 2010: $72.50 (19% increase)

Antibiotic. 20 tablets Clavamox 125 mg:
Oct 2006: $41.48
Marc 2008: $45.50
Jul 2010: $46.57 (12% increase)

I let those figures to your own appreciation.

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Injury/illness
Claim Amount
Under $100
Breed

Pug

Age of Pet
1 - 8

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Posted: 09/28/2010
By:  

I appreciate your review of our company. As President and CEO of Petsecure I take all reviews very seriously. I have reviewed your comments and have tried to find your file in our system, but we have no record of a customer with the name Yannick who owns a Pug. With that said, I would be more than happy to review your concerns directly if you would like to contact me. My name is Randy Valpy, my e-mail is rvalpy@petsecure.com and my telephone number is 1-800-431-3132 ext 7341.What I can tell you though is that based on the numbers you have provided in your review which I can't verify without knowing more, your premiums went up 5.0% from 2005 to 2006, up 6.0% from 2006 to 2007, 13.6% from 2007 to 2008, 16.4% from 2008 to 2009 and 4.0% from 2009 to 2010. The large increase in 2008 was as a result of our increasing our level of coverage, I can't account for the other large increase without more information. Otherwise the increases match or are below the annual veterinary inflation rate which is an average off all services.
I look forward to hearing from you.