Question

What types of pet insurance policy are available?

Answer:

Mmm - let me break this down for you. There are four main types of pet insurance. Which you choose will depend on your budget and your pet.

Lifetime cover
With this cover, as the name suggests, your pet will be covered for life provided you renew your policy every 12 months. This is useful if your pet has a long-term or recurring illness, as insurers cannot refuse to renew your policy because of this.


Maximum benefit policies
Cover is provided up to a maximum amount for the cost of treatment for each illness and injury your pet suffers. Each illness and injury is covered until the maximum amount has been spent, as long as the insurance policy remains in force - there is no time limit on reaching this amount. Once the policy limit is reached, your pet will no longer be covered for the treatment of that illness or injury.


12 month policies
These policies cover the cost of treating a particular illness or injury for 12 months from the start of that illness or injury (as long as the insurance policy remains in force). After the set period has ended, or once the policy limit is reached, your pet will no longer be covered for the treatment of that illness or injury.


Accident only policies
These only cover the treatment of accidents and not illnesses or, at most, only provide for emergency treatment of illnesses.


Lifetime cover is the most expensive and accident only cover the cheapest. Rather than simply opting for the cheapest cover, you need to make sure you find the right policy for your particular pet. You don't want to find out you're not covered, just when you need it the most.