Types of Pet Insurance Coverage

The four main types of pet insurance coverage that a pet owner can choose from are: “accident only”, “per condition”, “per condition with a time limit” and “lifetime” cover.

Accident only pet insurance policy

This is the very basic pet insurance cover. These insurance policy covers your pet for veterinary treatment during accidents only. Illnesses incured by your pet are not covered by this policies. This type of policy may have a fixed amount of money that they will shoulder for each accident treatment or a time limit for the treatment.

Survey shows that although these is the cheapest policy compared to other standard pet insurance policy, you may not able to use it thoroughly. According to a survery of the coverage members claim history, 70% of the claims were for illnesses. Thus, if you are on a tight budget and considering an accident only policy, it’s worth comparing the reviews on some policies from other cheaper standard policy to get a good deal for your pet that also covers illnesses.

Per Condition (no time limit) insurance policy

Per condition no time limit, insurance policy covers insurers for a limited amount per condition with no time limit, but once the amount has been used up, any illnesses or injuries that may occur is then exluded from any future payouts. The policy coverage will continue for any treatment as long as the pet owner renew the policy every twelve (12) months. Keep in mind though, that the policy does not include re-occuring injuries or diseases.

Per Condition with a time limit insurance policy

The per condition with a time limit insurance policy, covers insurers for a limited amount per condition within the limit set. This type of policy is one of the cheapest but offer the lowest level of cover. For a period of 12 months after your pet has been diagnosed, it will pay the veterinary fees for illnesses and accidents. When the limit has been reached, no additional cover is given for the condition concerned.

Lifetime insurance policy

The most expensive and comprehensive type of pet insurance policy is the Lifetime Policy. Pet owners will have a maximum cover limit per condition for their pet. Each year, your pet is covered for its life for any illnesses or injuries up to maximum amount and you can claim for more than once condition per year. You will have to renew the policy each year though. This type of policy will cost you more but provides pet owners with a maximum peace of mind.