What is lifetime insurance, and what are the other options?
Lifetime insurance provides cover for your dog throughout its life, provided you maintain your premiums. To keep the cost down, it’s best to take out this form of insurance when your dog is young. Lifetime insurance usually has an annual limit on the amount that can be claimed for a particular condition, but every time the cover is renewed, this limit is renewed as well.
If you decide lifetime insurance isn’t for you, the next best option may be Maximum Benefit cover. This type of insurance sets a maximum amount that can be claimed for a particular condition, but the amount is not reset each year, so if you use 50% of the maximum benefit in one year, only 50% of it will be left in future years.
You can also consider Accident Only or Time Limited policies, however, these may not be the most suitable form of insurance for a dog affected by a condition that is ongoing and/or hereditary. With these types of policy, your dog is only covered for accidents for the former or the cost of treatment is only covered for 12 months for the latter, after which the condition will be excluded from cover.