When you own pets, one of the most important decisions you’ll need to make is pet insurance. You must have the right kind of coverage for your pet to ensure that the policy is going to be helpful and not a waste of money. However, there are several different types of pet insurance, so you’ll need to work out exactly what you need and research as much as possible to ensure you’re picking wisely.
This might sound a little daunting because there is a lot of choice and lots to consider. That’s why this article has broken each type of pet insurances down to help you understand them and make the right choice. Read on to find out more.
Multi Pet Insurance
If you have more than one pet, it is a great idea to combine their insurance policies and buy multi pet insurance. Multi dog pet insurance, for example, will cover more than one dog on one policy, meaning there is only one premium to pay each month
This can be extremely beneficial for those with multiple pets who want to keep their costs low but still ensure their furry friends are covered should anything go wrong. It’s worth speaking to expert insurers to determine whether this idea could benefit you and then work out the costs to make sure it will save you money.
Accident-Only Pet Insurance
The most basic and simple form of pet insurance that exists is accident-only coverage. As the name suggests, this will only cover costs if your pet gets hurt in an accident, like being hit by a car or falling. If your pet develops an illness, this insurances won’t cover the medication and treatment.
In terms of cost, this type of pet insurance is the cheapest, but it also provides the least amount of coverage.
Time-Limited Pet Insurance
Time-limited pet insurance policies will provide coverage for a specific amount of time. The average is twelve months, although it might be more or less, and this will depend on your policy. Unlike the policies above, this type of insurance will cover both accidents and illnesses, but it will only pay out for a certain amount of time. Once the time period is over, you’ll need to cover the costs yourself.
This can be a useful choice to make if you are working to a set and potentially limited budget but want to ensure the majority of treatment for your pet will be covered. However, if your pet develops a chronic illness, it’s worth noting that ongoing treatment won’t be covered.
Lifetime Pet Insurance
Lifetime pet insurance will cover both accidents and illnesses, and it will continue to pay for treatment for the life of your pet or for as long as you pay the insurances. There are usually not any limits on the amount of money that you can claim.
This is a comprehensive option that will give you complete peace of mind, but it is the most expensive option as well, so make sure your budget can handle it.