There 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, it’s susceptibility to illness or accident, and how much you’re willing to pay in the event your pet needs medical care.
Accident only. This type of policy will cover your pet in the event of an accident, but not long term illness. There may also be limits on the amount of time and money allowed for treatment.
Time Limited. This will cover illnesses as well as accidents, but only for a limited amount of time. These policies may also come with a maximum payout.
Max Benefit. As a ‘per condition policy’, but as the name suggests without any limit on the length of treatment. This can be useful if your pet experiences a chronic or persistent illness.
Lifetime. This is the most complete type of pet insurance available. Covering all accidents, injuries or illnesses for the lifetime of your pet, subject to limits as advised in the policy. These policies can even include extras such as dental cover and expenses for burial.
For all types of pet insurance policy, you will have to pay an excess with each claim you make.