In this post, we take a closer look at the most expensive form of pet insurance, lifetime pet cover. Lifetime pet cover is the most comprehensive form of pet insurance and the costliest. With some variance among insurance providers, lifetime pet cover offers protection through a wide range of illnesses and injuries. Lifetime policies account for chronic and recurring conditions, while non-lifetime policies do not provide cover for pre-existing or age-related conditions. In this way, lifetime policies may offer pet owners more peace of mind than non-lifetime policies, such as accident only, specified conditions and time limited policies.
Lifetime pet insurance policies come under two categories and are termed “annual limit per condition” and “condition limit.”
Annual Limit Per Condition – These policies offer pay outs for veterinary expenses up to an agreed limit for any condition that your pet may develop. For example, if your dog develops diabetes and your limit is £10,000, then you will be entitled to claim back expenses worth up to £10,000. Similarly, if during that same period, your pet dog also develops arthritis, you will be able to claim back up to £10,000 of payments made towards treating this second condition. Thus, the £10,000 pot resets with the emergence of each new condition and is available for a year’s duration.
Condition Limit – These policies set a lifetime limit for each condition your pet may already have or may develop. Thus, if the policy agrees to a lifetime limit of £25,000, the policy holder can claim up to £25,000 of expenses made towards treatment of a condition for as long as the policy is renewed.
Advantages of Lifetime Cover
If you have a pet which suffers from a chronic or recurring condition, lifetime insurance cover offers the best solution. Providing continual cover and high limits, you can rest assured that your pet’s treatment costs will be covered.