With vet bills soaring and fancy new treatments available, Pet Insurance is an option more and more owners are now considering.
Pet Insurance is an insurance policy that covers your household pets and is mainly used for cats and dogs. Most Pet Insurance offers to pay the veterinary costs if your pet is ill or has an accident. Pet insurance can also cover other expenses such as emergency kennelling costs, theft, travel and even death.
A policy that is limited to a set period of, usually, twelve months. This is generally the cheapest type of policy. If the pet is in the middle of a treatment when the policy ends, the policy will not continue to cover it.
A policy which has a cover limit for a condition. It will cover any condition up to a certain amount. The treatment for the condition will end as soon as it reaches the financial cover limit so it may not give complete cover for a long-term ongoing condition.
A full lifetime policy. This will provide a cover limit per condition per year so it renews each year for a condition even if a claim has been made and thus the pet is covered throughout its life. A premium is paid each year and the policy offers cover for vet fees each year per condition per year; the policy usually gives other benefits too such as holiday cancellation, advertising and reward etc. This policy cover might be the most expensive but is most suitable for on-going, long-term conditions like arthritis and diabetes. It also offers the owner a lot of peace of mind.