Why Get Pet Insurance?
Veterinary treatment costs in the UK have risen significantly in recent years. A complex operation or ongoing treatment for a chronic condition can cost thousands of pounds. Pet insurance gives you peace of mind that you can afford the best treatment for your pet without facing a financial crisis. The earlier you insure your pet, the better, as pre-existing conditions are typically excluded from cover.
Types of Pet Insurance Policies
There are four main types of pet insurance. Accident-only policies are the cheapest but only cover injuries from accidents, not illnesses. Time-limited policies cover each condition for 12 months or up to a set amount, whichever comes first. Maximum benefit policies set a maximum payout per condition with no time limit, but once the limit is reached, that condition is no longer covered. Lifetime policies are the most comprehensive and renew the cover limit each year, meaning ongoing conditions like diabetes continue to be covered year after year.
What to Look Out For
When comparing pet insurance, look beyond the monthly premium and check the annual vet fee limit carefully. Consider the excess amount, as some policies have both a fixed excess and a percentage co-payment, especially for older pets. Check what's excluded, such as dental treatment, behavioural therapy, or complementary treatments. Look for policies that include third party liability cover, which is especially important for dog owners. Always disclose your pet's full medical history honestly, as failing to do so could invalidate a claim.