Pet insurance lifetime cover explained - Best Money Saver

26th November 2018by Chloe Dickenson

Pets are an integral part of any family unit and are truly beloved by everyone. It’s important therefore, that you treat them with the love and respect that you would for any other family member.

That means ensuring that they have the best pet insurance possible so that they’re fully protected in any eventuality. Of course, pet insurance won’t ensure that your pet is protected from danger or that it will prevent them from getting into an accident, but it can ensure that they’ll be covered for the likes of vet bills should anything happen to them.

In this guide you’ll find out everything there is to know about lifetime pet insurance as well as what your pet will be covered for.

Lifetime cover pet insurance

When taking out pet insurance, lifetime cover is the most comprehensive type that you can get. As it suggests, lifetime cover ensures that your pet is covered for the entirety of its life.

Generally speaking, with most pet insurance providers, there are two types of lifetime cover available; annual lifetime cover and per condition per year cover.

Annual cover

Annual cover usually has a maximum overall limit that resets every year and covers all the conditions that your pet may experience over that period of time.

It also covers ongoing illnesses that your pet may suffer from so that you can rest-assured that both you and your pet are protected against any huge veterinary bills.

Per condition per year

This type of pet insurance cover is similar to annual cover in that it covers for ongoing illnesses, but it differs somewhat in that it has a maximum limit for specific conditions that your pet may suffer from.

While the maximum limit may only be £1000 for example, the figures reset every year. However, any costs over the maximum limit will have to be paid by you.

What does pet insurance cover?

Pet insurance policies differ immensely depending on the insurer that you go for, however many of the things that pet insurance covers remain the same.

Here are some of the things that the majority of pet insurance policies cover:

Euthanasia, cremation and burial

The devastation of losing a pet is something that cannot be replaced with money, but it can be comforting to know that many pet insurers will offer to pay a contribution towards the cost of burying or cremating your pet.

Dental care

If your pet requires dental work, then many pet insurance providers will offer cover for treatments and operations.

However, this isn’t always a given with every insurer and it may have to be purchased as a policy add-on.

Treatments for illness

If your pet falls unexpectedly ill and requires treatment, medication or even an operation then your pet insurance policy should cover the costs.

However, it’s important to note that most providers of pet insurance won’t cover your pet for a pre-existing illness, medical condition or injury that they obtained before you took out the insurance policy.

Vet bills and operation costs

Similarly to the point above, most pet insurances will cover you for vet bills and operation costs, so you don’t have to worry about your ill pet as well as paying extortionate vet bills in order to treat them.

It can be very expensive for pets to have operations, so it will be an appreciated weight off your shoulders if your pet insurance will cover the costs for you.

Death by accident or illness

Of course, nothing in the world could make up for the pain of losing your pet, but your pet insurance policy will cover the cost of what you paid for your pet in the first place.

Many insurers set an age limit when it comes to this type of policy, so it’s likely to differ with every policy provider.

Conclusion - lifetime pet insurance

Lifetime pet insurance is definitely the most thorough and protective cover for your pet when it comes to insuring them but it’s also the most expensive.

There are other types of pet insurance including non-lifetime and accident-only, but these won’t cover your pet for as many incidents or accidents. Non-lifetime cover is generally less comprehensive and often excludes some certain types of illnesses and conditions.

Accident-only pet insurance provides cover in the form of a fixed amount of money for each accident that has led to injury to your pet in order to pay for the treatment required.

Therefore, if you wish to ensure your pet is fully protected against every eventuality, then lifetime pet insurance is probably the best option for you.