There are four main types of pet insurance. Picking the right policy for you and your pet will come down to personal factors such as the age of your pet, its susceptibility to illness or accident, and how much you’re willing to pay in the event your pet needs medical care.
Accident only. Will cover your pet in the event of an accident, but won’t cover long-term illness. There may also be limits on the amount of time and money allowed for treatment.
Time Limited. Covers illnesses as well as accidents, but for a limited amount of time only. These policies may also come with a maximum pay-out.
Maximum Benefit. Covers illnesses and accidents up to a maximum amount per condition, but there’s no time limit on how long you can claim for. This can be useful if your pet experiences a chronic or persistent illness.
Lifetime. This is the most complete type of pet insurance available. It covers accidents, injuries or illnesses for the lifetime of your pet, subject to limits as advised in the policy. These policies can include extras such as dental cover and expenses for burial.
For all types of pet insurance policy, you’ll have to pay an excess with each claim you make.