What type of insurance covers long term pet illness?
If your pet is unfortunate enough to develop a long term illness, there are essentially only two types of pet insurance that will cover your vet bills on an ongoing basis, and even then, one of these options only provides limited cover. These two policies are called Max Benefit and Lifetime.
The main problem here is that no pet insurance policy will cover a condition that already existed when the policy was taken out. So if you currently have a time limited policy for example, then the illness won’t be covered for more than 12 months and the policy will also expire after 12 months.
If you take out Maximum Benefit pet insurance, then the costs of an ongoing illness will be covered indefinitely, but only up to the maximum benefit level specified by your policy. Once that limit has been reached, then you cannot make any further claims for that condition.
The most comprehensive form of pet insurance available is Lifetime pet insurance. This means that you have cover for the rest of your pet’s life, and although technically speaking you will need to renew the policy each year. When you renew, conditions for which you have previously made a claim will still be covered. This means that lifetime pet insurance is the only way to fully insure against the risks of your pet developing a chronic or long term illness.