Types Of Pet Insurance
There are four main types of pet health insurance:
- Lifetime – providing a set amount of cover per year, renewed annually, and covering a condition for the whole lifetime of your pet
- Maximum Benefit – providing a set amount of cover per condition, and once the limit is reached for a particular condition, it will no longer be covered going forwards
- Time-Limited – providing a set amount of cover for a set period, usually a year, and once the year has passed, any condition claimed for, will then be excluded from the policy and not covered going forwards
- Accident Only - this is the most limited policy, and will not cover illness of any kind
Pet insurance is complex. We recognise that the small-print can be hard to understand, making it difficult to effectively compare different policies. Exclusions are sometimes unclear, which may lead to the insurance provider unexpectedly declining to pay out, leaving the pet owner footing the veterinary bill in full. The premiums may also increase depending on what has previously been claimed for, and will inevitably increase as the pet gets older and more likely to develop ill health; with some going up more than others.
