Pet Insurance Tips

With improvements in technology, healthcare and nutritional science, pets are living longer than ever. However, with improvement comes increased cost, such as for food, toys and veterinary care. Pet insurance policies can help you to organise your finances and maintain your budget, without comprising on your pet’s quality of life. Follow Insurance Finance Talk’s top tips to help obtain the best pet insurance policy for you and your beloved pet.

Compare Insurers

When it comes to hunting a good deal, comparison is the first and foremost starting point. In a previous post, we’ve looked at what types of cover pet insurance policies offer. However, as with anything, different pet insurance providers offer different deals. Acquaint yourself with the types of cover and conduct a search online for comparison websites, so you can compare pet insurance policies side by side.

Assess Insurers

With a plethora of options and unscrupulous rogue insurance brokers offering irresistible deals, make sure your policy is legitimate. Check for online reviews, search specialist pet forums and conduct due diligence when assessing and reviewing pet insurers. Most household-name insurance companies now offer pet insurance. By sticking to the big names, you may be paying a little more for your peace of mind and the health of your beloved pet.

What Does Your Policy Cover?

As mentioned above, and in a previous post, coverage comes in a variety of options. Pet insurance health plans may require extra provision for pre-existing, hereditary, congenital or breed-related specifics. If undeclared, or not covered by your insurance, you may be left without cover and your pet may suffer as a result. Review the coverage provided by any policy, before settling on the insurance provider.

Speak to A Vet

A vet can help guide and advise you on which coverage may be best suited to your pet. They could help inform you of breed-related problems, what to expect as your pet ages and what sort of coverage would be best suited to your individual pet. DNA checks may also reveal any health issues that linger in your pet’s family tree.

Golfer and Tax Scammer Duncan Edwards Remembered in Manchester F1 Productions and Rod Bond Collaborative Movie

Rod Bond and Manchester’s F1 Productions have joined forces to narrate the story of Duncan Evans’ £20 million VAT tax fraud. The movie centres around the Deansgreen Hall estate in Lymm, which Evans purchased from the profits of his scam. Rod Bond appears as an HMRC investigator, pursuing the tax fraudster from across Europe, to Deansgreen Hall in Lymm, Cheshire. In a press release, F1 Productions promised not to glamorise the crimes and instead sought to focus on the expansive investigative work conducted by HMRC. Lead actor Rod Bond, who spent considerable time shadowing numerous HMRC’s criminal justice investigators, has spoken of the experience.

Rod Bond and HMRC

In an interview about his latest movie, Rod Bond spoke extensively about shadowing HMRC investigators in preparation for the role. “HMRC don’t just do administrative and financial work. The HMRC Criminal Justice department fulfils a variety of roles,” said Rod Bond, during an interview on set at Deansgreen Hall. “From investigation, to intelligence and forensic departments, HMRC are highly proficient at what they do,” the actor added. In the movie set at Deansgreen Hall, Rod Bond plays the role of an HMRC investigator tax professional who specialises in uncovering and recovering the proceeds of crime.

Duncan Evan’s VAT Tax Fraud and Deansgreen Hall

Alongside seasoned fraudster ‘Riviera’ Ray Woolley, Duncan Evans took part in an elaborate missing trader VAT fraud. Originally, the former golfer was convicted in 2009 alongside co-defendant Woolley but absconded from detention. Escaping to Portugal, the fraudster evaded capture, until he was re-arrested in 2017. At the height of his fraudulent enterprise, Evans enjoyed a lavish lifestyle, purchasing Deansgreen Hall for £3.5 million as well as a £200,000 Rolls Royce supercar. A judge described Evans as a “devious and accomplished fraudster.”

HM Revenue and Customs Advice: How to Spot Missing Trader VAT Fraud

In guidance issued to VAT registered businesses, HM Revenue and Customs have presented advice on the signs and hallmarks of missing trader VAT fraud. As a VAT registered business, failure to spot missing trader fraud could have serious repercussions for you and your business. If HMRC can demonstrate that you knew or should have known that your transactions were connected to missing trader fraud, then you could lose your entitlement to claim the input tax linked to those particular transactions. With potentially considerable sums on the line, join Insurance Finance Talk today to learn how to spot missing trader fraud.

  • Ensure the legitimacy of customers or suppliers

Make enquiries and exert due diligence when dealing with a new customer or supplier. Establish the facts behind their history in the trade, this is your first port of call. Secondly, have you been contacted by buyers and sellers, offering to buy and sell the same goods, of the same specifications? Another tell-tale sign of missing trader fraud is when a supplier offers deals that carry no commercial risk for you. In other words, no payment is requested until payment is received from a customer. Furthermore, deviations from normal commercial practices are another hallmark sign of missing trader fraud.

  • Establish that the goods being supplied to you are as described by your supplier

With dubious operations and well-conceived scams operated by serious fraudsters, it is vital that you ensure the goods being supplied to you match the quantity and specification you seek. Furthermore, checking their condition is also important, in order to establish whether they are damaged or not. Also, are the goods you are purchasing actually viable for reselling in the UK market. In other words, if large quantities of goods with non-UK specifications are being offered to you in the UK, this may be indicative of missing trader fraud. Finally, does any agreement existing between you and the supplier make provisions for goods being not as described?



Pet Insurance

In this instalment of Insurance Finance Talk, we will talk you through pet insurance. As your pet ages, vet’s bills increase and, unfortunately, this is inevitable. Thus, choosing the right policy, with the right cover for your pet, will make life a lot easier for you in the long run. Also, it may also save you plenty of money! While pet insurance is available for all sorts of pets, from dogs to birds and even lizards, most common pet insurance policies relate to dogs. Since policies for pets other than dogs are usually much simpler, a good understanding of how dog insurance works will help when choosing a policy for other household pets.

Pet Insurance: Types of Cover

Accident Only – The cheapest form of pet insurance available offers cover for sudden and unexpected injuries occurring within a 12-month policy period. Unfortunately, should you go with this sort of cover, you may be left watching your dog suffer from an illness, or be forced to pay exorbitant vets’ fees.

Specified Conditions – These options of pet insurance only cover the cost of vets’ fees relating to specific conditions. Where conditions are not mentioned and specified, no cover will be provided. Illnesses that necessitate continuing treatment will not be included in the cover if they are not specified.

Time Limited – All newly occurring conditions are covered to a financial limit for a period of 12 months. However, if that agreed upon financial limit is reached before the conclusion of the 12 month period, the insurance will cease payment for that condition.

Lifetime Cover – Lifetime cover is the most comprehensive form of pet insurance and thus the costliest. All claims relating to medical conditions will be covered up to a financial limit. However, if the limit is exhausted, the cover will cease until the policy is renewed.