Accident and illness cover can help pay for a portion of the treatment costs for specified illnesses like cancer and accidental injuries.
Dog insurance is just pet insurance that pays a portion of your canine’s eligible vet bills if they get sick or hurt. There are typically three levels of cover available, including:
Most pet insurance policies typically have a benefit percentage – the portion of your vet bill your insurer will pay for. This typically ranges between 70% and 90%, although reimbursement rates may be more or less depending on your cover level and insurance provider. You’ll need to pay for the remainder of the vet bill (a gap payment) after deducting your policy excess.
Benefit limits and sub-limits
Most pet insurance policies also have annual benefit limits, which is the maximum amount you can claim per policy period. Additionally, there may be sub-limits for specific conditions. For example, your policy may have an annual benefit limit of $10,000 but a $500 sub-limit for cruciate ligament conditions or tick paralysis treatment.
Remember you’ll typically have to pay an excess with each pet insurance claim. Some insurers will apply the policy excess before the benefit percentage is applied, while others will deduct it after. Keep in mind you can increase your excess to reduce your policy premiums, and vice versa.